MMasonFX

MMasonFX

Following GJ's bullish trend this week, looking for an entry early this week at an hourly buy zone where heavy buy volume occured last week. Secondary long entry will be a 4/6 hour buy entry if original stop loss gets hit. Targeting that previous high at 158.000 for roughly 245 pips.

MMasonFX

USD/JPY showing signs of short term buy opportunities but my higher timeframe bias remains short until daily/weekly EQLs are cleared to then find an entry to go long and hold for a big swing trade, just a setup I'm being patient with and monitoring.

MMasonFX

Good opportunity for an entry short on GJ, looking for price to play this 30min inefficiency for the sell. Higher TF and trend is still bearish on GJ, would make for a good continuation if price comes to my entry level. Risking 10 pips for a 65 pip target

MMasonFX

multiple lows have been taken on UJ, we got some nice consolidation today along with a liquidity grab, looking for price to breakout to go long

MMasonFX Updated 

First and foremost, fundamentals drove the price of gold to 8 month highs last week with mainstream media putting Coronavirus on news headlines which sent indices in a big sell off.. I'm looking at a possible short on gold now with this structure setup on 15 min chart, fresh highs, nice liquidity grab, I just need to see this structure break and retest to go short...

MMasonFX Updated 

UJ formed some fresh highs last week and then consolidated for a bit on the 1hr and 30 min time frames to form new structure.. I was waiting for a break and retest of this structure to the downside before entering short and looking for price to clear those equal lows below and also a retracement on the USD overall this week. I'll be moving stops to break even or...

MMasonFX

Going long on UJ, break and retest of strong resistance on the daily and 4hr time frame, TP 1 at 109.00, TP 2 at 109.300, TP 3 at 109.500, stop loss at 108.295. Nice risk to reward ratio as well, no big news coming up for either pairs except a bank holiday for the Yen on Tuesday. Stop loss will be moved to break even if 108.600 is reached for a risk free trade....

MMasonFX

Stocks rallied higher beginning of this week as expected due to some trade war deals being made with China. S&P was able to rally back up to its highs of 3,000.. setting up a perfect sell opportunity since we are nearing all time highs for the market and anything above 1327 has been rejected multiple times, a perfect opportunity to short with a solid risk/reward...

MMasonFX

I'm shorting gold this week when the market opens, Federal bank holiday on Monday so the market will be moving even slower than usual for a Monday but holding my bias to the downside. On Friday trade deals with China continued and Trump tweeted on Saturday that some trade deals have been made, still a long ways to go but I'm expecting the stock market and USD to...

MMasonFX

The USD bounced back today from yesterdays drop off, currently at a strong 4hr and 1hr resistance level and UJ still holding a bearish bias for now. I'm shorting this pair back down to support level highlighted below. Major news coming out tomorrow for both the dollar and yen however so ill be holding this trade until then.

MMasonFX

UJ has broken and retested out of the 4hr ascending trendline today after last nights drop off from the daily resistance level, the USD showing a lot of weakness today after yesterdays Federal interest rate cuts for the second time this year. UJ ranging hard for now and setting up for its next move. I'm neutral on the move for now until price action breaks out of...

MMasonFX

Gold has been ranging hard for a few days now between 1497 and 1508. I'm currently neutral on this setup because I'm waiting for price action break and retest to show me the move. I'm favoring the sell based on the bearish momentum on the weekly chart but waiting for price to break and retest 1497 area before selling, need a solid candle closure below before...

MMasonFX

UC in a strong downtrend since April.. currently at a major resistance level on the 4hr timeframe with bearish price action showing, which is also aligning nicely with a daily trend line tap and daily candles showing rejections for any push higher.

MMasonFX

USD/JPY very bullish, 4hr resistance has broken clean and then retested on the lower timeframes. Looking now at a possible break and retest of this ascending channel as it aligns perfectly with my next highlighted zone around 107.635, if we get a clear and clean break with a bullish candle closure then we can expect a retest of the ascending trend line and zone...

MMasonFX Updated 

GU has broken and retested the support level on the 1 hour time frame, looking at a nice sell for tonight with this current short setup having a 6.43 risk/reward ratio

MMasonFX

Publishing this idea from my phone this morning so short and to the point. Entered EU long off of the highlighted support level, stop loss set tight due to a decent amount of Euro news today.

MMasonFX

GA is in a beautiful ascending channel on the 4hr and 1hr time frame.. weekly and daily chart also bullish. I'm waiting for price to reach the top of this channel again and then shorting GA around 1.78950 where the highlighted resistance zone is placed. Lets see if this ascending channel continues or we see a breakout above or below it, if that occurs then...

MMasonFX Updated 

British Pound and Japanese Yen has been in heavy consolidation for a few days now.. creating some beautiful support and resistance zones. Weekly and Daily chart are looking bullish but the British Pound has been extremely weak against the Yen overall for this year so far.. could we be witnessing the British Pound gaining strength and momentum back? I'm currently...