Targeting ASIA high for rejection and continue downtrend
I took the GBPUSD after the rejection. Example on how to take after rejection on the candle stick. This will help you to avoid losing trade and get a better entry. Refer back my previous analysis in GBPUSD.
overall buy Trend for USDCAD based on previous trade as well. Still going uptrend with this trade. Targeting the low of Asia for entry.
Looking at the weekly in DXY ,looking for uptrend. The PL might work as the rejection, the H1 line which you can will act as a support/resistance when market approaching that level. If the market broke below the PL and H1 near PL. The market have shifted the direction to SELL. Remember US election just around the corner. Market will react to the economics...
Overall still Sell Trend. Taking a Sell now as the market testing the Asia High of Monday open.
Looking at both sell and buy for EURUSD. The overall direction for EU is Sell. During The buy Trade look for solid rejection before entry. If no rejection avoid the trade.
Overall Uptrend. Gave extra SL due to news later. The upside of this, this trade can play out pretty well but the risky part will be the news spread and slippage on your brokers.
Check in M5 for 3 bearish candle confirmation to enter this trade for early, if you don't want to miss out. Wait for the candle confirmation . Updating this now so later I can update again- Check the comments below for further update later.
Market is ranging in this area. Market failed to make a new higher but manage to make 2 lower low from Asia and London just now.Based on that we are going for sell now. We are targeting the PL as TP and the previous Asia high as stop loss area. Entering the trade early as there is less momentum at the moment. Once the momentum build up, will look for a...
this trade idea is simple. PL reversal for now. overall trend sell too.
Looking at GBPUSD ranging at this specific zone what makes it interesting . it wants to break the level and goes up but the market keep rejecting this zone. Already respected 3 times with overall 9 RR. I will taking it again this time as well since risking 1R out of 9RR is ok . If you are taking this trade alone, look for other confirmations as well. This...
Sell EURUSD at Psychology Line and along with Asia Low. Be mindful that their is news later in 3 hours plus. Even the Unemployment change have less reaction towards EU pair. Flash Manufacturing PMI later at 9:45pm will have a significant roles towards the market. If price still hanging round the entry area. Advice to close the trade and wait for a new...
Market been ranging in the same place its being indecisive. I am looking for continuous in the Trend towards the downside. Entering the trade based on the Previous Asia High and NY high. Market find it hard to break that level and my tp targeting the ASIA low. We are just taking opportunity in the ranging points here. Always do your own analysis.
Add another layer of Sell for GBPUSD. 1st trade already hit TP. We going to risk another 10pips SL for 50pips TP. Its quite far fetch in 1:5 RR. If you want you can close 1:3 RR. Always do your own analysis. NY session just opened ,I am thinking the market is going to continue the trend or I can be totally wrong . lol.
Overall direction is still downtrend for GU This week overall trend was predicted Yesterday. Attaching DXY too ,its played out pretty well too Expecting DXY to push further up ,so Gbpusd to downtrend.
Based on GU and UJ , forecasting sell for GJ here.
Expecting a Sell in EURUSD. I have marked the PL above too if this was a rejection.
Expecting this two trade to trigger later during the day maybe once London or NY open. Overall trend is UPTREND. You can check DXY and USDCAD have the similar movement in H4