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MXNUSD BULLISHbased off of technical analysis my hypothesis is MXNUSD is bullish because the market has reached levels of supply and demand. we are also moving from a swing low to a possible swing high to the upside.Trading off of the bounces and using channel we have created a new level within the market. also we have found support in the areas identified on me TA.
USDJPYSunday analysis;
The USDJPY is a clear bearish trend on the weekly, daily chart. on the 4H chart however there is a possiblity to make a quick trade against the trend by buying at the breakout of the triangle.
BUY: Breakout traingle aim at previous high channel level.
SELL: Breakout traingle aim at previous low channel level.
Intraday accumulation phase in progressI found volume spike (selling climax) in an ultra high volume. The very next bar was up bar (reversal up-thrust) and it represents that demand overcame supply. Professionals are interested in buying EUR/USD. Later on, I found successful testing of supply in a low volume, which makes very good buying signal. Watch for buying opportunities on the dips. First take profit level is set at the price of 1.1400. Second take profit level is set at the price of 1.1460.
XAUUSD: POTENTIAL SHORT SPOTSXAUUSD has a Deep Crab Pattern; POTENTIAL REVERSAL ZONE arround @1116,50 - @118,50 with completion of XA + BCD projection
However , we can expect the price reverse @1113-14 level with completion of AB=CD
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EURUSD Daytrade TRADE UPDATE** Success! OVER 90 pips!Entered this trade just few hrs ago and the Target was hit just couple of mins ago!
Over 90 pips profit on this pair alone along with all the EUR based pairs i traded but didnt have time to post them up here b/c i was away from the screen and there wasnt any point posting them up b/c price was reaching their targets already.
Attached to this is original post which shows the analysis n the rationale behind the trade
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily.
I'm basing this trade based off of that momentum and on a simple trend-contination setup.
As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Short EURJPY on the breakdown of the SupportSame play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links)
Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days.
Expected price target for this play is 130.90