A quick update on the pairs we are looking today.
Today, we are looking at the EURJPY for continuation of its recovery from the Low of Friday. The first area of upside break is 120.21, above here we should expect correction followed by another wave of Buyers. The USDCAD last week has seen some Buyers however, the move prior to that was a very deep correction to the downside. It takes a great deal of time and...
NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
This two are similar in their movement. Aussie maybe slightly stronger. NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
Trend: Down Phase: corrective Trade: SELL NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
TREND: UPTREND PHASE: PRIMARY TREND TRADE: BUY AFTER CORRECTION NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
The Dollar Index is in a corrective Phase. WOS: Sell Trade: Wait !!! NOTE:Truths -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign your thinking in line with the truth about the market then you will win.
EDUCATION. CURRENCY PAIR: EURJPY TREND: UP-TREND PHASE: SECONDARY TREND/CORRECTIVE PHASE HIGH PROBABILITY TRADE: BUY WITH BUYERS NOTE:Truths about trading the Market -Traders will do the same thing over and over again. -In trading, no one to blame and no one to question what price did. -Price can break any low/High because anything can happen. If you fully allign...
A look at the hourly chart. This shows that the best trade to take in the EURJPY is a Buy trade. Buyers took price above the Sellers. We must now wait for an entry.
EDUCATIONAL
EDUCATION
Education Post: This is a Price Behaviour Methodology. You have to learn to interprete the waves/swings that price makes at any given time and location on the chart. Attach a true meaning to it and react according to the information you have been presented. As you may be aware, predicting is not going to make you money, but following the footsteps of those that...
FOR EDUCATION PURPOSE ONLY.
THIS IS FOR EDUCATION PURPOSE. - Methodology like this requires years of experience. - I will do the follow up video.
This is the first Valid buy in the USDCHF since the correction started last week. We are going long above 0.9700 Stop Loss @ 0.9683 Target @ 0.9778.
Yesterday we took a long in this pair expecting price to retest the Weekly structure at 1.0879 but price missed this target by few pips. The leg up was the last wave of correction so we are short again the EURUSD, expecting a break of the Momentum low. This is a continuation trade and we are targetting the T1 of the Fib retracement 0.618. Short Entry:...
This is a quick update on the Short Position we had on AUDJPY. Price took long to break out of the trading range below the Momentum low of 73.79. We finally had this break this morning. In order for further decline to be seen in the AUDJPY, price must remain below the momentum low and break 73.42 Low. Alternatively a break back above the 73.79 will trigger a...