Bias: Long Position Rationale: Based on the latest Commitment of Traders (COT) report, there is a notable shift in market sentiment: Decrease in USD Buying: The report indicates a reduction in USD buying activity against the Euro. Reduction in Euro Short Positions: There has been a significant unwinding of short positions on the Euro. These factors suggest a...
Bias: Long Position Rationale: Based on the latest Commitment of Traders (COT) reports, there is a positive shift in market sentiment: Increase in AUD Buying: The previous and current week's COT reports indicate an increase in AUD buying activity. Reduction in AUD Short Positions: There is a noticeable decrease in existing short positions on the AUD. These...
USDJPY may retrace to 109.05 before making a long position. I would standby at 109.05 level and see how the price react before making a long. Most likely a tight Stop loss of no more than 30pips.
Entry at 1.45316 SL at 1.44205 TP at 1.48580 You will most likely to see news on this pair that it has reach all year low and will test at 1.445 at support. Things to take note that this will be a counter trend trade and momentum of price movement will be the considering factor to enter to this trade or not.
Major trend is uptrend since 19 March 2020 Secular trend is downtrend since 1 September 2020 Trade will only be valid if no new low is created at 0.70541 Entry at 0.72900 SL at 0.73269 TP at 0.71815
For my recording purpose. GBPUSD Entry : 142.422 SL: 140.977 (44.5pips) TP: 142.729 (130.7pips) Below is my Demo account record. www.myfxbook.com
Entry 132.271 SL133.276 TP 129.346
This trade is an interesting finding. I had a huge dilemma as I have discover 2 AD=CD patterns. the TP actually creates Fibonacci congruent. So I decided to use Gartley to better determine this situation. It fulfill numerous requirement on Gartley pattern . For the SL I will be using the one that is identified from Purple AB=CD pattern. I sure hope there's...
Entry 148.403 SL 149.523 TP 145.156
Entry 1.61957 SL 1.63147 TP 1.58459 Limit order expire when price reach 1.64445
Entry 1.16825 SL 1.17029 TP 1.16230
Entry 1.32461 SL 1.32932 TP 1.31097
Entry 1.30938 SL 1.31346 TP 1.29763
Entry 0.88910 SL 0.88639 TP 0.89705 Despite that I'm aware that this going to contradict with other ideas previously posted I am still going to do this trade.
Entry 123.100 SL 121.721 TP 127.048