


SimpleMillennialAverage
FX_IDC:GBPJPY looks like its consolidating for a breakdown but its holding up pretty well this year. No positions as of yet but if this pair is indeed going to breakdown in the near future then the best short entry points is right along the Daily 50MA/Triangle resistance if it reaches that level. Any feedbacks are appreciated!
FX_IDC:USDJPY completed the handle of the Inverse Cup and Handle pattern and its now testing the previous daily low. If FX_IDC:USDJPY breaks down then it should retest the daily support turned resistance as the 200MA Daily, 50/200 MA Weekly, 50/200MA Monthly Moving Averages should provide support for the price to bounce. If it bounces from here then it needs...
After breaking out of the bullish triangle, FX_IDC:XAUUSD shot up to the 1260 level. Its flight was halted because of the previous support turned resistance that was broken after the Trump Victory and not only that but 3 Moving averages from the Daily, Weekly and Monthly time frames. In my opinion FX_IDC:XAUUSD will have difficulties breaking this level so...
A nice pattern has been forming for a month on FX_IDC:XAUUSD . Time will tell if this is a bullish sign.
FX_IDC:USDCHF suddenly shot up and stopped my previous short. So far it indeed got rejected at a daily forming a nice reversal bearish candle. Same parameters as previous trade. Previous Trade Idea: Entry: 1.0967 SL: 1.105 TP: (tp1) 1.005 (tp2) 0.9999 (tp3) 0.991 Any feedbacks are appreciated!
FX_IDC:USDCHF looks like its having difficulties breaking through the 50MA so it looks lika a good short opportunity. Entry: 1.0089 SL: 1.0105 TP: (tp1)1.005 (tp2)0.99997 (tp3) 0.991 Any feedbacks are appreciated!
After it broke and consolidated above 113, FX_IDC:USDJPY is looking to be another good long. Let's see if it can challenge the previous high at 114.8. Entry: 113.251 SL: 113.2 (Changed to break-even 113.3) TP: (tp1)113.9 (tp2)114.45 (tp3)114.8 Any feedbacks are appreciated!
FX_IDC:EURUSD broke through the daily support at 1.0587 with high volume so I suspect it might retest the previous low at 1.05474 before reversing or continuing its journey downwards. Entry: 1.0585 SL: 1.059 TP: 1.0548 Any feedbacks are appreciated!
FX_IDC:XAUUSD formed a double top and failed to retake the 1240 level after. Lets see how low can it go in the meantime. Entry: 1236.36 SL: 1238 TP: (tp1)1229 (tp2)1222 (tp3)1216-1214 Any feedbacks are appreciated!
After looking at the daily timeframe for quite sometime, I just noticed the possible Inverted Cup and Handle. Let's see how this forms
FX_IDC:USDJPY has been trying to break the previous support turned resistance at 113. As long as it consolidates in these levels then we can expect a continuation of its descent to at least 112.5-112.3 but if it manages to retake and hold above 113 then we can talk about possible long reversal. Entry: 112.95 SL: 113.1 TP: 112.5-112.3 Any feedbacks are appreciated!
FX_IDC:EURUSD broke out and held the new support line pretty well. Fresh for a long scalp Entry: 1.06733 SL: 1.066 TP: 1.0705 Any feedbacks are appreciated!
FX_IDC:NZDUSD forming a nice consolidation flag before IMO another continuation for a move up. Entry: 0.72051 SL: 0.7190 TP: 0.727 Any feedbacks are appreciated!
My first trade with the pair. GU broke a pennant and possibly retesting the move before moving down. Entry: 1.2465 SL: 1.2485 TP: 1.24
It is what it is. Long entry 0.763 sl 0.759 tp 0.774-0.7804 depending on your preference
After breaking down the 1235, FX_IDC:XAUUSD looks like its planning to go back up again. Long entry:1232 SL: 1299 (just below the left shoulder low) TP: 1250-1260 (A lot of resistance in this area) Any feedbacks are appreciated
FX:NZDUSD looks like it held well on the 0.719 support especially the possible crossover of the 50ma/200ma confirming the bottom. Will take a long position once markets open on Sunday night. Preferred Entry: 0.7190-.7195 SL: 0.717 TP: 0.723-0.729 Any feedbacks are appreciated
After breaking out of because of the "Trump Tax Plan" news, FX:USDJPY failed to follow up the bullish momentum and broke not just the 50ma but also the support level at 113.50. Short Entry: 113.494 SL: 113.6 TP: 113(possible the price will bounce off the 200ma)-112.470 Any feedbacks are appreciated