Hello my friends, Today is friday and we are going to trade lightly today. I found a good setup on CHFJPY pairs. This pair recently broken below the support of a triangle pattern which has formed since September till November. Yesterday it finally close below it and i think today is a retest of this broken support. We could expect downside to next support at...
Hello my friends, Another setup for today is USDJPY. Today JPY pairs offer us some interesting setup to trade so we will try to capitalize all the opportunity offered As you can see this recent movement could be marked with elliott wave marking. We already saw wave-1 to wave-4. I think we are going to see 1 more move to the downside which is wave-5. Remember...
Hello my friends, Today was such a good day, my trade managed to hit TP for 4.4R and i banked 8.8% profit. I started to get my edge back and i am going to post more positions for everyone to trade. My first setup for today is GBPJPY. To me, the recent sideways movement looks like a pennant / flag pattern and today i finally see price retest those broken...
Hello my friends, I took a sell position yesterday on XAUUSD but i didn't posted it here because i was busy yesterday. I am gonna share my analysis for XAUUSD and if you want to enter this trade you could set a sell limit pending order. As you can see, 2 days ago XAUUSD suddenly dropped by 300 pips and then retrace to recover its losses in a short...
Hello my friends, Today we are going to trade with EURUSD. As you can see price has been moving up respecting the ascending trendline for 1 week. Today price finally closed below it on a 4hr timeframe and it also looks like price making a small double top pattern. This could be a bearish reversal pattern so we are going to try selling EURUSD now. If you look at...
Hello my friends, Another trade setup coming for you, it's GBPAUD sell setup. If you find this post useful, please give me a like and follow me for the next update. As you can see recently GBPAUD tried to trade back above 1.8140 resistance but seems like it was short lived. Today priced drop again below it and breaking the ascending trend line. We could see...
Hello my friends, This is a new week and we are going to start it fresh. The last 4hr candle close of GBPUSD has catched my attention because it was rejected fiercely from the 61.8 fibonacci level and closed with a bearish engulfng candle. I could say that sellers was defending this area and we could see GBPUSD go lower as long as this area hold. We could also...
Hello my friends, Another setup for today is XAUUSD. Previously XAUUSD drop aggresively from 1960 to 1860 in just 1 day. That drop could be categorized as an impulse, and we could expect an ABC correction after that. Wave-A and Wave-B are completed and now we are on Wave-C. I saw that Wave-C could go up untl 1907-1911 area so we could try buying it here. Right...
Hello my friends, Second setup for today is German index which is known as DAX. Some brokers use DAX on it quotation, others use GER30 / DEU30. Anyway, they are the same indicies if i am not wrong. Feel free to correct me if i am wrong. There is a shooting star candle / bearish pinbar candle on the daily timeframe. It appeared exactly at horizontal...
Hello my friends, It's been 3 days since my last post. I was resting my mind from trading because i was on losing streak on Monday. Right now, i am feeling so fresh and ready to hit the market again. I got so many setups for you today and i will share it for you everyone. Please give me a thumbs up and follow me for my next update. First is GBPAUD pairs, as...
Hello my friends, I hoped you all are doing well with your trading. I myself am having a bad week as some positions hit stop loss. This week alone i got 4 positions hit stop loss and got 8% loss banked. Each trade was using 2% risk so in total it was 8%. Well thats not a problem because everybody will have a bad week or months in trading. Nothing to be a shamed...
Hello my friends, Another setup for you is GBPCHF pairs. This pair has moved in a sideways direction for the last 7 weeks since late September until now. There is no clear direction from this pair and i think we could finally see some strong movement soon. I am more bearish to this pair because the last 2 days, CHF was so strong. You could see after marking my...
Hello my friends, I hope you all enjoy your weekend and have a great trading week during this US Election week. I am gonna share some setup for you all but before i start, let's review the previous week performance. First position is GBPJPY sell at 136.45 which hit my SL for -70 pips. I lost 2% from this trade Second poisition is GBPAUD sell at 1.8300 which...
Hello my friends, Another setup coming today for you is AUDUSD pairs. As i was looking at this pair, i noticed that price has been moving up in an aggressive way. AUDUSD soars 280 pips from it lowest point this week which is 0.7000 to 0.7280. After a rally at this aggresive pace, it usually will be followed by some exhaustion. I am expecting price to retrace...
Hello my friends, For today, i am gonna trade GBPCAD again. Previously i took +170 pips profit banking 5.6% profit from a sell setup that i shared at November 4th. This setup gonna be a continuation of previous wave analysis that i shared at October 30th As you can see, i expect price to go down again because we still on the 4th wave right now. Price could...
Hello my friends, Another setup for you today is CADJPY pairs. It is making the same setup like CHFJPY pairs from previous post Check it out as well Price broken below the trend line and now retesting it at an area of confluences. This is the meeting point of horizonal resistance, EMA and trend line. It would take strong momentum from buyers to take out this...
Hello my friends, For today i am gonna trade JPY crosses pairs, as the US election could trigger risk-off sentiment. It looks like we could see it goes wild with current development. To keep it simple, we will only focus on the price action. Price already broken below the ascending trend line and now retesting it. I've marked the horizontal support and...
Hello my friends, Another setup for you is GBPCAD pairs. If you find this post useful, don't forget to give this post a like and follow me for my next update. As you can see there is a bearish engulfing rejection exactly at 1.7180 resistance. There is also descending trend line at this area so we could say this is an area of confluence. Previously i posted...