Mytradingvalue
XAU/USD idea 09-Jun-2020XAU/USD has formed Head and Shoulders pattern on H4 chart. At this moment, XAU/USD are testing the neckline at price @1702
Hence I made a decision to go short this pairs at current level with target to @1646. I also place StopLoss level above right shoulder, at price @1722
Please leave your comments about this setup.
Happy Day and Trading!
XAU/USD idea June-2020Yesterday, I found XAU/USD re-act at middle line of parallel channel. Then, I decided to go short after XAU/USD moves lower at @1733. From H4 chart, the recent support at @1700. If this level is broken, there is a door to 1662 will be open
Please share your comments on this setup
Happy day and Trading!
GBP/JPY idea 06-May-2020As my idea in this pairs in 24-Apr-2020 (), the price react at fibonacci retracement 50 two times before continue downtrend on H4 chart
Hence, I user fibonacci ext as a tool to calculate take profit point. You can see in this thread, I go to short with fibonacci ext 23.6 and 38.2 level as my target.
Thank for reading and feel free to share your comments.
USD/JPY idea 05-May-2020Today, I see the opportunities to jump in USD/JPY pairs. This pairs is trading rally below 38.2 FIBOlevel and on the way to reach 50.0 FIBO level. Hence, I saw two scenarios can be occcured with this pairs
- USD/JPY rebound at FIBO 50 level and break above 38.2 FIBO level, I will go long with 23.6 FIBO level as my target
- USD/JPY breaks below FIBO 50 level, I will go short with 61.8 FIBO level as my target
Let me see your comments about this.
Happy Tuesday and trading!