Hello my friends, It's been long since my last post. I stay away from the market the last 4 days because i got no proper setup to trade. Also there are a lot of fundamentals issue so it was quite dangerous to take a trade. For today i am gonna trade lightly with XAUSD. I got bored and try looking at lower timeframe for a trade setup. Incidentally i found an...
Hello my friends, I got another setup coming for you today. Another pair with JPY which is GBPJPY. I am using daily timeframe for this setup so don't expect price to move quickly along with our direction. Noticed that price already break below the ascending trendline with a solid candle close from previous candle. This upwards movement was only a retest of...
Hello my friends, Before i start my USDJPY analysis, i wanna update regarding my XAUUSD buy position which i posted yesterday. It is now floating +100 pips so better set your SL to entry now for a risk free position. Let's continue with today USDJPY entry. I am favoring USDJPY to go lower as price now below the kumo cloud on 4hr tf. All confirmations needed...
Hello my friends, It has been long since my last position in XAUUSD. Today i finally find a good setup to trade for XAUUSD. If you look at XAUUSD daily tf using line chart, it is very clear that they are making a falling wedge pattern. Price keep moving south but it was getting squeezed in the last 2months. Price finally get out of this wedge pattern and break to...
Hello my friends, Another nice setup come to my screener is EURNZD pairs. It looks like there is a SHS pattern forming and we could see price rotate lower soon. Price already broken below the neckline and we are now waiting for a bit retracement before selling this pair to the downside. Notice also price below the kumo cloud and it is red colored. Parabolic SAR...
Hello my friends, Another possible setup for GBP cross is GBPCAD pairs. I am looking for a sell position in this pair as my screener showing this pair could go lower. Some confirmations already met and we could try selling this pair on a retracement to 1.7100 area. Noticed also it looks like this pair making a double top pattern and i think price already...
Hello my friends, Yesterday i take a buy position on GBPAUD and it is has already hit TP1. I already take partial profit on it and set remaining position on breakeven for a risk free position. For today i am taking another buy position with GBP cross pairs. This time is GBPNZD. Noticed that price above the green kumo cloud on 4hr tf and parabolic SAR below the...
Hello my friends, For today i am taking a buy position for GBPAUD pairs. I found an inside bar pattern on the 4hr timeframe which usually a continuation pattern of current movement. This inside pattern looks like a bullish inside bar as it occurs exactly at EMA-200 support and it formed at the upper half of previous candle body. You could also see that price...
Hello my friends, Another trade to take for today is this EURCAD pairs. The setup looks like EURAUD and i am gonna take a sell position as well. All the requirement for selling this pair are also met on the 1hr chart so we will sell on a retracement of last 1hr candle close. Sell EURCAD 1.5530 Stop loss 1.5565 Take profit 1 @1.5495 Take profit 2 @1.5460 RR...
Hello my friends, This week is not a good week for me so i don't trade many positions. I also got some position taken out by SL or closed at entry. For today i only gonna trade lightly as the market going sideways and quite hard to follow. EURAUD on 1hr timeframe just fulfilled my sell setup requirement and i am gonna set a sell limit for this pair. I will wait...
Hello my friends, Today i got some of my positions hit stop loss. It is a bad day for me and i believe this is a good experience as well as no traders can get it 100% right all the time. The most important thing is to keep our risk management all the time. Here are some of my positions which hit SL GBPCHF pairs for -50 pips USDJPY pairs for -45 pips For...
Hello my friends, Another setup is GBPCHF pairs. I saw a potential for further upside as price just broken above the descending trendline. It is now retesting the trend line and EMA-200 also at the retested area. We could say that this is an area of confluences. All the confirmations needed are also fulfilled so i am taking a buy position on this pair as...
Hello everyone, I hope you all enjoy your weekend. Today is a new week and i hope we gonna get a great trading week. My first trading plan and setup for this week is GBPAUD pairs. I saw a potential for this pair to move higher once again as all the confirmation needed for this pair to go up is fulfilled. 1st confirmation is price above the kumo cloud 2nd...
Hello my friends, Today is such a good day. It is very nice that before weekend i got my positions hit take profit. Before starting with today USDJPY setup, i am gonna post my XAUUSD setup which i posted at 30 September 2020 just hit my take profit. I posted to buy XAUUSD at 1889 and take profit was set at 1916. Price hit TP today, i booked +270pips and banking...
Hello my friends, Another trade coming for everyone is AUDJPY pair. I am also using Elliott Wave theory to trade this pair and it moves exactly like AUDUSD which i posted earlier. So we will be using Wave-1 area as the stop loss to invalidate our sell setup. If you find this post useful please drop a like to this post and my previous post as well. Also follow...
Hello my friends, This is the first day of October and i hope everyone gonna have a good trading month. The first trade i took for October is selling AUDUSD. I used Elliott Wave analyis for this trade and taking sell position as i found that price already finished moving with wave-4. Wave-5 gonna be anoter downward movement so we will ride it. Wave-4 rule is it...
Hello my friends, Another buy setup coming for you. This is one of the signal we are waiting for. All the 3 confirmations needed in 1hr chart are fulfilled. 1st confirmation is price above the kumo cloud 2nd confirmation is kumo cloud color are green 3rd confirmation is parabolic SAR below the price indicating buy pressure Buy XAUUSD 1889 Stop loss 1880 Take...
Hello my friends, Another setup i took today is GBPUSD. Based on the 2hr chart i found that confirmations needed are all fulfilled. 1st confirmation is price above the kumo cloud 2nd confirmation is kumo cloud color are green 3rd confirmation is parabolic SAR below the price indicating buying pressure Buy GBPUSD 1.2850 Stop loss 1.2800 Take profit 1...