Jacques2803

Jacques2803

still sticking to my last usdjpy analysis chart. currently about 50 pips in profit and have another 200 to go.

Jacques2803

took this trade based off the ichimoku rules. price failed to close above the kijun-sen line meaning a strong point of resistance. currently in about 240 pips and have another 138 pips to go. happy trading people

Jacques2803

price is approaching our upper channel trendline. will price break or bounce??? my bias is that price will break through so I will be looking for longs in the upcoming days. reasons for this. 1- price is above my kumo cloud 2- my future cloud shows bullish 3- dollar index is bearish any comments are welcome and that is what makes the market such a beautiful...

Jacques2803

yesterday we had a break through of our trendline. so lets see how this plays out. happy trading peeps

Jacques2803

we can clearly see a double top and a break through of the trendline. a classic example of pas support becomes future resistance. price is also under our kumo cloud and the future cloud is bearish. always remember RISK MANAGEMENT

Jacques2803

with the Canadian interest rate yesterday we can see a bullish engulfing candle of the last 2 days. we will have to wait and see what price does over the next couple of days.

Jacques2803

will be waiting for a higher low to form to go long. my bias is that I think there is still some upside to this pair as price is above the cloud and the future cloud is showing bullish

Jacques2803

we have a simple scenario here...price will either break or bounce if price bounces then we have a case of a double top

Jacques2803

here Is a good short setup providing us with 3 confirmations 1-double top 2-price closing with a bearish pin bar (sellers in control) 3-false breakout

Jacques2803

we can see a breakout of the trendline, a trendline that has started in 2015

Jacques2803

will have to wait and see what happens with price at the decending trendline. if it breaks, my bias is that it will go up to daily res at 0.74600. if it does not break then my bias is that is will go down to support.

Jacques2803

is at the acending trendline. price is also under the kumo cloud with a breakout of the cloud. if price breaks through trendline we can open a sell position

Jacques2803

i hope you are all doing well. here we have a break of the acending trend line with price also below the kumo cloud. will be looking to enter short on the pull back.

Jacques2803

will be monitoring this pair closely on the 4h timeframe. we can see price bouncing off the acending trend line and yesterdays close was a good indication this pair might go up... there is still a lot of indecision with this pair...if you are a ichimoku trader its a good setup to go short as price broke the cloud

Jacques2803

here was a good trade setup...even though price consolidated, target will hopefully be reach one thing that I am learning is that you need to take pride in your chart work. its a skill and a art.

Jacques2803

this is a good example of what trading should be like. planed my trade and traded my plan.

Jacques2803

I will wait for a pull back on the 4h timeframe to enter into this pair. our next level will be resistance level of 0.90500.

Jacques2803

refer back to my previous GBP/NZD post fro yesterday...patience is key in this game called forex trading...waited for the pull back and entered using price action. always remember, plan your trade and trade your plan