Hello my friends, Today i am gonna update some of my live positions. First is this GBPCHF pair which i took yesterdat and already posted it since 30th August 2020. Buy order activated at Monday 31st August 2020 and today it hit TP 1. I took the profit here for 170 pips and closed all GBPCHF buy position. Congrats to everyone taking this position with me
Hello my friends, Today is the last day of August. I am taking it slowly since it is the monthly closing candle. Today i am going to analyze XAUUSD as it has been long since my last trade with XAUUSD. I haven't found a good setup to trade yet so i didn't trade this pair. What come to my mind after seeing the 4hr chart of XAUUSD at a glance are: 1. Price above...
Hello everyone, I am updating my recent USDJPY position taken at 106.40. I took my first sell position at 25th August 2020 and price just start going my way at Friday. It first went against my position but luckily it never hit my SL so i am still safe. I've taken partial profit as price hit 105.40 which is +100 pips profit. Stop loss already moved to entry and...
Hello my friends, I hope you all enjoyed weekend. I just checked some pairs for September trading plan and this pair looks very interesting to me. This pair not yet filtered by my screener but i think it will soon come to my sell position screener. What i am waiting for now, is a confirmation that price break below the ascending support line with a solid candle...
Hello my friends, Another pair come to my screener and this one is one of the good pair to trade. I got some confirmations for GBPCAD to take buy position. 1st confirmation is price breaking above the bullish flag resistane 2nd confirmation is price bouncing of conversion and base line of ichimoku 3rd confirmation is ichimoku cloud is green indicating bulls are...
Hello my friends, This pair come into my forex screener and i saw a promising setup to it. A double top pattern on the 4hr timeframe, price also already broken below the neckline and retested it. I got another confirmation from the ichimoku as price also broken below he bullish cloud. It also show sign that price could continue it declines as the cloud start...
Hello my friends, I am updating my previos post about this pair. I took buy position since 0.9500 as i spotted bullish divergence exactly at support and now this trade is going my way floating +90 pips. Noted this pair also moving above the kumo cloud so it got bullish energy in it, hence taking long position is more favorable. Partial profits taken here and...
Hello my friends, There is a bullish divergence on AUDCAD pair and i've spotted this divergence since 2 days ago. It finally materialized as price also broken above the descending trend line. Noticed also price above the support i marked and ichimoku cloud so this pair is bullish in general. I am currently buying AUDCAD from 0.9500 as per this writing. Buy...
Hello everyone, This is another signal i got from my screener setting from tradingview. I also analyzed it further and i think it is worth the try, there is a potential that USDJPY making shoulders head pattern on daily timeframe. This pair also bearish as it is moving below the red cloud. Sell USDJPY 106.40 Stop loss 107.20 Take profit 1 @105.60 Take profit 2...
Hello my friends, I sometimes switch to line chart for a better perspective in drawing lines. It eliminate many noises and only focusing on candle close. EURCAD making a nice falling wedge / wolfe wave pattern at daily timeframe in my opinion right now. Price are bullish and moving inside the line i marked. Yesterday candle / friday candle closing below it which...
Hello my friends, I am currently testing a new interesting screening method for charting and trading. This is the first trade i took with this methods and I am currently testing it to see the performance. I already tried some backtesting so i am gonna try putting it to real trades now. I am going to use the combination of Parabolic SAR and Ichimoku. Sell...
Hello my friends, Previously XAUUSD closed with a solid big bearish candle on daily timeframe during Wednesday. After that, it consolidated inside marked zone for whole day at Thursday. It actually looked like an inside bar which is a continuation pattern to the downside for me. It also break below the ascending trendline so i think the short term trend is...
Hello my friends, I found something interesing in CADJPY pair just now. It looks like this pair forming a small bear flag inside a descending channel on 4hr timeframe. Previously i took a buy position on this pair but i closed it on entry as it is going sideways for some time and no power in going up. Price already broken below the channel with a solid candle in...
Hell my friends, Today there is a nice setup on USDCAD which took my interest. It is forming a wolfe wave pattern / falling wedge pattern, both are bullish reversal pattern. I am buying USDCAD as it is now retesting broken resistance. Buy USDCAD 1.3175 Stop loss 1.3120 Take profit 1 @1.3230 Take profit 2 @1.3285 Use proper risk management Only risk 1-2% of...
Hello my friends, GBPNZD currently very interesting as price broken below the short term trend line. Also noticed that the last 2 candles on this chart looks like a bearish pinbar / shooting star candle. I tried selling GBPNZD on the retest of broken zone of previous double top pattern. Sell GBPNZD 1.9960 Stop loss 2.0035 Take profit 1 @ 1.9860 Take profit 2 @...
Hello my friends, Another interesting setup for today is EURNZD. Price made a double top previously and go down for 110 pips since it broken through the support. This support now turned into resistance and price currently retesting it. EURNZD also has broken below the trend line, so I could say the short term trend is now bearish. Sell EURNZD 1.8055 Stop loss...
Hello my friends, I previosly posted about the chance of GBPJPY making a broadening wedge pattern. Looking at the previous daily candle of all GBP pairs, i could say that most of the pairs making a bearish reversal candle so there is possibility GBPJPY could turn lower as well. I am closing my previous buy and cut my losses at138.90 for -20 pips. At the same...
Hello my friends, Another trade ideas for currency pair with JPY in it. This time is GBPJPY. Previously i posted about selling this pair on the rejection of EMA-50 at 1hr timeframe. Unfortunately, I got my stop loss hit and booked -40 pips loss. After analyzing it once again, i found that price actualy making a broadening wedge pattern on 2hr timeframe and it...