Mytrader_FX

Mytrader_FX Updated 

CAD was weak and JPY was strong during London session. hence, i shorted CADJPY.

Mytrader_FX Updated 

During the London Session, GBP starts to weaken and it is also supported by the worse than expected construction PMI. Although, in general this news release does not move the market much, it is good that we are selling in the direction of the news. The best currency to pair GBP with is JPY as it is one of the strongest currency. In fact , i was deciding between...

Mytrader_FX Updated 

Shorting GBPUSD as USDOLLAR breaks above the range. As i have mentioned in the GBPJPY analysis, shorting GBPUSD will be riskier than GBPJPY.

Mytrader_FX Updated 

Shorting USDJPY as it breaks major support 107.70.As we are aware, price movement for JPY pairs have been much bigger than usual. There is some downward momentum going on at that support level . In addition, a short entry also aligns with yesterday sharp downward move.

Mytrader_FX Updated 

Similar trade to USDJPY short trade. At this point, there is not much difference in picking which curreny to pair with JPY since it is mainly JPY that is driving the price movement. USD , AUD and CAD are among the weaker ones during this Asian session.

Mytrader_FX Updated 

I was watching the chart when NZD rate decision was released. Tempted to long NZDJPY and NZDJPY but price went up to fast. Hence, decided to wait for price to retrace before going in. With drastic plunge in all JPY pairs, our only focus is now NZDUSD.

Mytrader_FX Updated 

Sell entry upon the release of worse than expected Australia CPI data because there is a significant deviation

Mytrader_FX Updated 

Weakness in USD and Strength in AUD. This long entry is alligned with AUDUSD uptrend. I am aiming for 0.782 but i am might be happy with just 1:1 risk reward. We will continue to watch how fast the market move.

Mytrader_FX Updated 

We have been watching the GBP pairs the whole london session. GBP is showing sign of continuation while JPY starts to weaken again. Hence, we believe GBPJPY should be a good buy. However, we must be careful with 162.00. If it manages to breaks that, we might be able to gain some pip movement towards the upside. Do take note that on higher timeframe, GBPJPY is...

Mytrader_FX Updated 

During the Asian session, we saw that AUD was strengthening against a weak NZD. Hence, we long AUDNZD and target is around 1.13

Mytrader_FX Updated 

Continuation for YEN pairs

Mytrader_FX Updated 

During the Asian Session , USD shows there is an increase in strength . The obvious choice is to pair it with JPY which has been going down during the whole Asian session.

Mytrader_FX Updated 

GBP retail sales turned out to be worse than expected by a significant deviation. News release favours a downtrend which aligns with the longer term downtrend. The only argument against this trade is that it is going against the uptrend in the early of the week.

Mytrader_FX Updated 

There is a breakout for CAD. I was deciding between buying CADJPY or selling EURCAD, In the end , i picked CADJPY because EURCAD has moved down too far. In addition, CADJPY also alligns with USOIL uptrend.

Mytrader_FX Updated 

Breakout towards the downside. Momentum indicates USD is strong and EUR is weak. I dont expect it to go down too much, hence i am watching it closely if an early exit is needed. In general, entry is for a quick momentum trade.