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Natefx

AUDJPY LONG?? - WICKS DONT LIEHi guys, OANDA:AUDJPY Lets look at structure for a minute. 4hr time frame: Looking at the 4hr time frame to start we see that the pair begins trending down and then breaks its down trend January 3rd by breaking through the Previous high. Later the pair retests that level and then resistance becomes support! 1hr Time Frame: Same idea as the 4hr chart. We approached the new support and bounce right off. 15min: the pair is trending down so we must look for a buy! given the longer time frame is a Long as well. 5min: Broke out of the down trend temporarily and then continued down. Again lets look for the pull back and get in there!! No indicators used so lets see what happens. I am Long at 85.110. I seriously need patients!..... LEts watch this develop. cheers,
Long
by NateFX
USDCAD - LONG swing tradeHi all, For this FX:USDCAD trade I think we have a good setup for a swing trade from the 38% fib level back up to the previous high zone where it will either range for a bit or hit the 23% fib and then return to its original direction down. As for entry we will either take the entry on the 15 minute with and indecision candle or use a strong bullish engulfing on the 15 and 60 minutes. Dont mind my crappy drawing lol entry: 1.34070 +- 20 TP: 1.34608 or round to 1.34600 --> 760 pips SL: 133870 --> 200pips GL and Happy trading.
Long
by NateFX