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LIT

GBPJPY setting up nicely for BUYSGBPJPY after last the last two weeks, we have one of the trade hit take profit starting the uptrend. The long term analysis for GBP is up up up ever since we saw GBP hitting key areas and points of support last month. After the push towards the high, price broke key area and pullbacked a little towards that very same key area. This is structure trading at its finest. Now we can see the pair continuing the push up during this new york session or the next London/New York session. GBPJPY BUY Start: 133.903 stop loss: 133.255 take profit: 137.397
Long
by mrleh
USDCAD starting to make its move, creating new downtrend. USDCAD playing out beautifully, price broke out of the wedge/triangle and retested the trendline. If we can get a daily close below the trendline, we'll enter the SELL position. USDCAD SELL Start: 1.33315 stop loss: 1.33482 take profit: 1.31156 USDCAD still just below the trendline, currently in some profits. Though, there's a good chance BUYS might come in play if the candlestick pushes above the trendline. The thing to monitor is the daily candlestick...red/bearish candlestick.
Short
by mrleh
GBPJPY, the BUY looks beautiful coming into this weekApologies for not being active during the start of the trading week, I was still enjoying the weekend. Currently, GBPJPY moved exactly as we expected, daily closure for last week was above the trendline/key area. As soon as the trading week opened a huge gap occurred and needed to push back into the market structure so we missed out on at least 50-100 pips. Now with a move that big for a Monday, we will expect the price to push a little lower to stay within the daily 50-100 pip per day for GBPJPY. We'll enter a BUY LIMIT with potential updates if we'll enter manually. GBPJPY BUY LIMIT start: 129.272 stop loss: 128.572 take profit: 133.572
Long
by mrleh
*Update* EURGBP downtrend, indecision candlestick to blameIn EURGBP, we are still holding the sell position in 200+ pips. Currently, price broke a key area and now pulled back towards that key area and if we can get the daily closure below the key area, we'll still continue holding the sell. Trust the analysis and hold. Let's goooooo Original analysis: EURGBP forming an indecision candlestick on the daily chart at the two-year high, very very good confirmation for the sell long term. We'll enter sell positions if price holds it's own. EURGBP SELL Start: 0.92900 Stop loss: 0.93400 Take profit: 0.90000
Short
by mrleh
*Update* USDCAD beautiful move, breakout of wedge!USDCAD finally closed below the trendline, very very good on our analysis. Now we can see price push a little bit upwards towards the trendline and continue to keep dropping. We'll keep holding this for the long term perspective and have another sell entry soon when the pullback happens. #sniperentriesonly Original analysis: In USDCAD, price is currently sitting at the strong resistance of 1.33388...if we have continuation upwards, we will enter buy positions. If price reverses and bounces off the trendline, we may enter into buy positions, if it continues downwards, we'll be keeping this sell position with an updated take profit later. Good luck. USDCAD SELL start: 1.33345 stop loss: 1.33599 take profit: 1.32440
Long
by mrleh