Fx
EUR/USD short position we are looking for a continuation with the downtrend pattern, looking for a possible entry on market open, 1.09401 is gonna be the breaking point to look for a continuation, this is a strong support that needs to be broken, as usual keep stop losses on and take profits tight too - profit is profit
USD/JPY Price Action Analysis | Waiting the RetestDollar has found a support at the Range Low against Japanese Yen. Although, it is still stuck between the Range and the OB. So, in order to get in a safe position, waiting for the breakout and longing the retest would be the wise thing to do.
Entry: 107.11
SL: 106.39
TP-1: 107.99
TP-2: 108.64
R/R: 2.13
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
AUDUSD on watchAussie dollar fell towards 0.6672 after rates cut, where it found strong support and closing above a significant level suggesting a possible validation of the ABCD. With the weakening of the US dollar and the market giving a 73% chance of rates cut at the end of the month we wouldn't be surprised to see the AUD rallying towards the 0.695 level. Something to keep on eye on is the US-China trade.
The AUDUSD bounced off the BidZone as expected...where to nowBuyers managed to lift the Aussie higher into previous resistance at 0.6780 off the BidZone around 0.6690 but they are now running out of steam. For continuation higher, price needs to clear out a few late buyers so we are watching for a shoulder sell entry setup for the squeeze lower.
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EUR/USD Price Action Analysis | The Right OpportunityEuro got back in the Trading Range against Dollar. A consolidation just above the Lower Range and then a touch to the Supply OB might cause the next downtrend. Until then, shorting seems as much risky as longing. Waiting for the right opportunity.
Entry: 1.0990
SL: 1.1031
TP-1: 1.0927
TP-2: 1.0876
R/R: 2.78
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup. You can also follow me from,
The ideas published here are not financial advices.