Get started

Pricebehaviour

GBPJPY SHORT BELOW 143.55 [Momentum-High Reversal] The downtrend is strong and in place, we have seen a normal correction. Price is stuck between 50&61.8% retracement of the 2nd wave down, the option here is to short below 143.55. A very tight stop is required because if price trade above 144.15, a bullish run is possible. Having said that, the dominant force is the downtrend. SHORT:143.55 STOP: 143.95 TARGET 1:139.90 TARGET2:138.25 --------------------------------------- To achieve consistent results; as a Trader your Job is: You must have a well defined Rule-based methodology/strategy that works Minimum of 5 out of 10 times. Practice and understand your strategy. Analysis followed by Confirmation and lastly and the most crucial; Execution (Optimum Entry, Exit, Tp and SL). Keep it this simple and you will not Fail.
Short
by Charts247TradingAcademy
AUDUSD retest 0.7340 possible.A well beaten Aussie still sit just above the Bullish line, 0.7210 stand as a price structure that will dictate where price will end up in the short term. A violation is in place, we can expect a push to the upside to correct the violation, buyers may push price above the momentum high or just shy of the high. Entry Long: 0.7230 Target: 0.7343 StopL: 0.7160 ---------------------------------------- To achieve consistent results; as a Trader your Job is: You must have a well defined Rule-based methodology/strategy that works Minimum of 5 out of 10 times. Practice and understand your strategy. Analysis followed by Confirmation and lastly and the most crucial; Execution (Optimum Entry, Exit, Tp and SL). Keep it this simple and you will not Fail.
Long
by Charts247TradingAcademy
2
USDJPY SHORT BELOW 113.38 The Bullish run is losing its momentum, price currently sits above an important structure 113.38. A rollover below the structure will pose downside risk to the gains made by buyers. We are short below the 113.38 targeting 112.59 area. Stop above the current high 113.55. --------------------------------------- To achieve consistent results; as a Trader your Job is: You must have a well defined Rule-based methodology/strategy that works Minimum of 5 out of 10 times. Practice and understand your strategy. Analysis followed by Confirmation and lastly and the most crucial; Execution (Optimum Entry, Exit, Tp and SL). Keep it this simple and you will not Fail.
Short
by Charts247TradingAcademy