Critical zone of 1.25000 I had my analysis about GU about 10 days ago and expected its fall at Daily Supply zone(1.25400 to 1.25800). I entered the market yesterday. lets see what the market do.
If greenback remains as strong as it is currently, in just a couple of weeks we can see break out of 1.39000 (we touched this area 3 times before). Price probably meet 1.46000 and then a sell-off. I have already entered the market but had no time to share my opinion with you at the time. Enter small but keep the position open until it touches your TP.
I wanna buy GN this time. After few short intraday, chart is giving me some buy signal. I buy a little , lets see what happens.
I will short nikkei , That's it. chart Explains why...You do what u do...
Reason for entry : Weekly and Daily Supply area, I see potential for a minor retracement .DXY is showing signs of retracement too.
I move stop loss to breakeven. I am in profit . My entry size was small . I like to keep the position open to either hit SL or TP.
I took profit my previous positions. I will look for sell setups during US session . Trend Is Down. I am not buying GU.
Woke up for News. I move sl to breakeven and leave. already in profit.
Overall Trend is Bullish. We tend To buy Dollar In Long and mid term. swing traders are buyers of every rational buy signal. we are not here to go against the trend , we embrace the trend. But in the Mean Time we might have some counter trend opportunities . So I probably enter few small short positions.
I will enter small counter trend at daily demand area . we have got shadow of war. If it happens dollar with get stronger and also Gold will probably make new highs. Try to enter small positions. News destroys You. Stop loss and good positions sizing keeps you alive in the market. Good Luck,
War News probably blows Your account. I am gonna close trades and see what happens.
I had anticipated NU to reach Fib levels and then A BIG Drop after that. I tend to bet on a Short Position.
Try adding to your winning positions. Close your losing Positions As SOON As You CAN!!!
As I had explained on my previous analysis, We are trending up. The 151.9 Res is about to break. I want to be buyer before The BO.
We are going to place some sell limit orders at Fib 0.5 and 0.618 which overlaps with Daily and 4H Trendline. Trend is quite bearish. As long as a price below mentioned obstacles, no room for buy on daily trades.
My stop loss was triggered on my last position, I still want to sell Sterling against Dollar . Daily trend is down. as long as we are below Daily trend line and 4H Supply I will look to sell. That's it.
I am shorting GBPNZD. Daily supply worked properly , continuation is expected.
Technically we expect Us dollar strength over Australian dollar. we have multiple reasons to short Aussie (mentioned on the chart).