edumas2

edumas2

This could be a great spot for day traders or for a short term reaction 25-50 pips. Be careful as there is a lot of pressure down. However plenty will take profit and will be looking for a spot to do so. They had a huge short move. If I have the reaction, I will pocket my gains today as I am expecting the sell to resume based on the NZD news re. interests.

edumas2 Updated 

We might have a pullback here. Might tap into the diagonal line or turn around lower. I will more than likely take two trades on this one.

edumas2 Updated 

My undereducated guess tells me price could push up a bit more and reach (or quickly tag) the zone or areas near the first entry I put. Again, those are short sales. I also keep an eye for the second entry above. In my case this means I might take a position at entry one with zero care for candle patterns or rejection confirmation. Then take another shot...

edumas2 Updated 

I screwed my screen yesterday and ended up in a two screen view which looks crappy. This one is isolated. Of note, at the time I had two plans, one was to get long AFTER a tap on green pivot then go long. This occurred yesterday. I left the micro yellow arrow there for continuity but it is not much of an option at this point. if price drops to the green pivot...

edumas2

Though I expect a nice dump for many of the JPY pairs maybe this week, I would not be shocked to see a bit of upside left in this pair ... and a few other JPY pairs. They recovered well from their tiny pullbacks last week. This one as a couple of nice wicks. One is 76 pips and the other one 44 so there is some buying pressure. I would not be surprised to see a...

edumas2

I expect a push up for now... then a potential nice drop later this week potentially originating from the resistance zone above.

edumas2

I can see a couple of scenarios for this one. By humble guess is that 1.075 could be the rough area where we could see some reactions.

edumas2

I would not rule out a pop back up until it reaches 1.475 where there is a 50 MA on the daily. We could have a tap under this MA. This could be a great reaction point for those trading short term and looking for a short reaction. Sometimes we only see a 20-30 pips reaction then continuation the next day. However some folks can be happy with 30 pips, especially if...

edumas2

I would not be shocked to see price tap into the black line which is a continuation of the blue pivot. Often, when price is close to a pivot like this, it will often touch the level. This pair has been strong so I a close under the pivot with I show under with the yellow arrow but on a shorter time frame will be needed for me to go short. I am pretty sure we will...

edumas2 Updated 

I tend to believe that the JPY might go a bit lower before a reaction. I am watching this carefully for a potential dump in the other pairs like GBPJPY or NZDJPY for example. Sometimes the market tries to catch with early entries before on last push in the initial direction to trigger break out trades and trigger some stops as well. Then the real flush happens...

edumas2 Updated 

There was a nice push down on the shorter resistance line. I am no prophet but I think price might pop a bit higher. I am putting my entries about 10 pips below my real areas. I missed several short trades this week on my other set-ups but those were great reactions for day traders like 30 to 48 pips on the short side but they reversed shortly after. The good news...

edumas2 Updated 

Here is an interesting chart. I put a few options here. I usually don't trade figures like head and shoulders but there is something along those lines. It is also right on a pivot so there is a possibility of a reversal there. However, I am more interested in Entry 1 and 2. If the first one and the second ones are breached, I think entry 2 shows an area where...

edumas2

Note that many JPY pairs are in a similar scenario. I will only pick 2 of them in order to do some risk management.

edumas2 Updated 

If I were a betting man... the yellow circle area is where I would be waiting with a baseball bat for a mole to get out of its hole so I can whack it down. Long green candle closing near the top. There could be a bit of juice left in this small upside run. Those diagonals are often really good but this is one very steep. Don't like the angle. With and old...

edumas2 Updated 

Looking for a short near the yellow circle. Can be a good reversal area to work with for the intraday folks. I trade the daily.

edumas2

This is a bit unusual to get this level of compression. Look at all those micro doji-like candles back to back. Often times, those type of compression can result in a solid pop. I think we are almost due. I have ZERO clue where the pop will go. That being said I see a few lines there in black that are often tagged as support before a swing higher. Just an...

edumas2

I put it under the Short category but I see an area for an upside reaction. We are still in a downtrend however.

edumas2

Here are 3 options. The first one is smack on the diagonal. I will be more interested in the two above : Entry 1 and 2.