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Njtradehouse

EurCad - InterDay Weely setup - 3/25/18Sunday morning and I am hungry! Looking to go short at the beginning or the week, and long as the mid week reversal comes into play. As i write this on Sunday, i expect eurcad to make a fake push upwards 20-30pips above 1.5950, where our short entry will be added. SL 1.6015 TP 1.5755 hold going thru to Wednesday/Thursday when nearing price at 1.5750, coming off of the downtrend support. From here, we expect price to be manipulated 20-30pips lower then 1.5750, where we will entry our long entries. SL 1.5685 TP before week close OR 1.5945. From this weekly play, we can expect anywhere from a 200-400pip gain! always remember to use proper risk management! Happy trading!
by NJTradeHouse
CHF/JPY Swing Trade - PRZ Potential 300+ pip trade!!With CHF/JPY coming near fresh yearly highs after such a strong multi week push, its do for a reversal at the 118-119 zone. For the pattern traders we can see CHF/JPY presenting a huge ascending triangle for bullish long term momentum, in the mean time im looking to go short in expectations of price going back into consolidation. . If you take the time to zoom in we can see Friday close offered us a hammer/pin bar candle! Next expected support as far as i see is around 115-115.50, which lines up with uptrend support and the 61.8 golden Fib Reversal zone. This coming week (2/5/18) I will be watching the H1-H4 time frames like a hawk for signs for fake out/reversal in the 118.50-119 area, stop loss 15-20 pips above 119. I will be posting an update on this chart when it comes time to take profit and go long. Always remember.. big swings=low lots! Happy Trading!
Short
by NJTradeHouse
EUR/USD Weekly Predictions 1/29/18 - 2/2/18Before i start, i would like to mention i use MM psychology often in my trading style. With everyone on edge for a bearish EUR and bullish USD, waiting for more confirmation, we can expect fake outs to happen by mixed signals. im expecting EUR/USD to make a final bullish run to psych out traders. As i write this article, EURUSD is making a falling wedge. i expect it to break low to capture sellers before making a final 100+ pip long push to recent highs. IF we do not see price break above OR meet todays open price by Tuesday NYC Close, i would consider this write up invaild and watch for more bearish signals. IF price does in fact break or meet Tuesdays open, i would be looking to short around Key Resistance 1.2500 with wicks to the top side, and bearish movement into week close. Possible Bullish Divergence into Tuesday if predictions follow through. Happy Trading!
Short
by NJTradeHouse