Note how since the start of 2018 Bear Market we "reverse" all changes after weekends (spikes in either direction if any) to start mondays at roughly the same price level as before or at least retest that level (probably to sync with the futures). We are currently moving in a down channel and are still being rejected by EMAs, will likely bounce down from the...
This pair is currently heading upwards, I will keep my eyes on this pair to see if it breaks outside of the channel. Feel free to comment! Follow my Instagram @yc_forex
So based on my trading strategy I created, I saw AUDJPY being rejected by the average price and it was in a nice steady downtrend. As it tried to rise, it was not strong enough so I sold thinking it would be small but it was way heavier than expected
NZD/USD OUTLOOK. NU finally broke above the 0.68736 level giving us a nice break retest this week. Added a fib retracing to the 78.60% level. Will be watching closely on market open for a pull back to execute a long to D2 extension (61.00%) level witch also is confluent with historical resistance 0.72315. If we do not see a pullback and my trading plan is not...
This could be a good short opportunity down to 0.764-0.765. And assuming 0.77227 just became our new high (daily, 1hr), then could see that open the gates to fall down further. Liking this for a short on Monday Scalp opportunity: TP1 0.764 Larger swing: TP1 0.76164 TP2 0.757 TP3 0.74
Retracement is just a bit above 50% - that's OK in itself (fib is not a perfect science), so below 1.13800 I like this for a short. But there's some minor potential to see a little bit of growth towards 1.15 to burn some shorts before it dumps. Will see how we go on Monday If you wanted to be conservative, you could just wait for it to bounce off the bottom of...
Waiting for retrace to 1.427-1.42988. Short idea works only so long as this stays below 1.43214. TP1 1.412, TP2 1.404