jtanum

jtanum

Hi Guys, I've been waiting for the NFP news to get over and now that is out of the way, we can see that the AUDUSD has broken thru the downward trend line. hence, it is a good opportunity to long this currency to the 0.618 position and take profit there before looking at the next trade. T/P at 0.7985 S/L at 0.7765 R:R 1.5 Please Don't trade more than 2% of...

jtanum Updated 

Hey Guys, As you can see, USDCAD has finally started to dip and as you can see, there is a strong resistance level at 1,3000 as it has hit the resistance level 3 times Hence, I think it is a good time to start to short this trade I would take some profit at the 0.168 level but my main target would be below the 0.5 level. T/P1 at 1.2715 T/P2 at 1.2615 S/L at...

jtanum Updated 

Hey Guys, Looking at this trade, at the 4H TF, it seems like the EURUSD has some rejection at the 1.2445 level followed by a downward trend and thus im entering this trade to short the EURUSD to below the 0.618 level. I would expect some retracement period between the 0.382 and 0.5 level before going down. So if you are happy with you profit, you can close some...

jtanum Updated 

Hi Traders, A quick look at this chart shows an upward trend: 1. RSI is pointing up 2. Resistance at the support level and a reversal 3. An upward trend to 0.618 Fib is quite possible T/P at 78.80 (0.618 Fib) S/L at 75.50 just below the support level incase of fake breakout or pullback R:R at 2.44 Expect some retracement period and if it all goes well, there's...

jtanum

Hi Guys, Looking at this chart and i found that there were a few things that supported my idea: 1. Support at 0.7245 and reversal has begun at the 4H TF 2. Previous support at 0.7146 was never achieved 3. RSI supports the upward trend I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here But my main target would be: T/P at...