CaptainHawk

CaptainHawk

Placed BUY LIMIT at 86.200 with TP at 87.350 (115 pips) and SL at 85.650 (55 pips) giving a potential reward of 2R.

CaptainHawk

Placed BUY LIMIT at 131.100 with TP at 132.900 (180 pips) and SL at 130.400 (70 pips) giving a potential reward of 2.5R.

CaptainHawk

Fibonacci and simple S/R analysis. Highlighted areas are buy zones.

CaptainHawk

Double Tops pattern spotted on AUDJPY which has been on a strong uptrend. Price cannot break the peak anymore and lower highs are formed plus a strong break of the 20 SMA. Strong positively correlated pairs such as CADJPY and NZDJPY have already started the possible downtrend. RSI Divergence is also spotted on AUDJPY as marked on the chart. This might be a good...

CaptainHawk Updated 

I'm not even sure if this is valid but the way I see it, this is a potential Inverted Head and Shoulders pattern spotted on USDJPY daily chart. Wait for break and retest of the neckline first before entering LONG on this trade. If the setup is valid, this will bring back USDJPY to 118 level. Please trade with caution.

CaptainHawk

Been waiting for the entry trigger for AUDCHF after CADCHF has been triggered where it is positively correlated and shows almost the same trade setup. For this trade I'm also using my own version of U-Rider Trading System. Waited for price to retrace, this case at 38.2 Fibonacci level, then LONG trade will be triggered when a green candle closes above the 10 SMA...

CaptainHawk

AUDJPY has started a new uptrend and I am looking to ride the trend from the retracement. Today I was able to ride the trend using my own modification of the U-Rider system which I learned from a friend who's into Stock Market Trading. Since it is clearly on an uptrend, I waited for the retracement around 38.2 Fibonacci level where the price also touched the 10...

CaptainHawk

This trade is just the opposite of the CADCHF trade setup since these 2 pairs have a strong negative correlation. But aside from the strong negative correlation, EURCAD has the trade setup which I am looking for so this makes a valid trade for me basing on my rules. Please refer to this link for the CADCHF trade setup for more details: Will enter this trade at...

CaptainHawk

CADJPY has started a new uptrend and I was waiting for the pullback to enter LONG on this trade. Here are the things that I am looking for to enter this trade setup: 1. Price will retrace around 38.2 to 50.0 Fibonacci levels which both coincide with previous support and resistance areas. 2. Strong green candle has closed with its low touching the 38.2 Fibonacci...

CaptainHawk

CADCHF has started a new uptrend and I was waiting for the pullback to enter LONG on this trade. Here are the things that I am looking for to enter this trade setup: 1. Price will retrace around 38.2 to 50.0 Fibonacci levels which both coincide with previous support and resistance areas. 2. Strong green candle has closed with its low touching the 38.2 Fibonacci...

CaptainHawk

Spotted a potential LONG opportunity for USDJPY based on the following reasons: 1. Price crossed the 20 SMA from below and although the long green candle closed just above the 20 SMA, a bit smaller but also a strong green candle closed above the 20 SMA. 2. Price is now approaching to retest the 20 SMA which coincides with the 38.2 Fibonacci level which shows a...