MunkhtsatsraltBaasanjav

MunkhtsatsraltBaasanjav

On a Weekly timeframe. This pair is forming downtrend. Lower Lows and Lower Highs have been established. and im currently waiting for AUDUSD to form Lower High around the Weekly resistance area of 0.7600. Previously it had broken Uptrend that sustained for 2 years. So I expect this downtrend move to last from 6 month to 16 month (depending on the fundamental and...

MunkhtsatsraltBaasanjav

Now the pair is range it will go into trending sometime soon, if price is below 1.3160 im bearish on this pair. if above 1.3160 im bullish. doing scalp trades on the highs and lows on smaller timeframes. Going long for 50 pips if it breaks 1.3300 Going short for 50 pips if it breaks 1.3050

MunkhtsatsraltBaasanjav

Reversal candle on Daily time frame. As long as we don't breach 0.740 support. im bullish on this pair. I have set orders on 0.7495 for long with stops at 0.7360 and take profit at 0.790. R:R = 3 .

MunkhtsatsraltBaasanjav Updated 

111.700 to 112.200 are the prices im looking for entry for short. Trendlines and psychological level and fibbonacci levels are alligning there must mean it has to be important level. The price still has power to go up as the volume is increasing 111.700 will be my initial entry. Though with high volume it can still go up to 112.200 to reverse. Thoughts on...

MunkhtsatsraltBaasanjav Updated 

Selling euro-yen. for about 40 pips potential downside movement.

MunkhtsatsraltBaasanjav Updated 

REVERSAL TRADE! The chart speaks for itself, Enter on Green, TP on Blue SL on red

MunkhtsatsraltBaasanjav

keeping track of my positions

MunkhtsatsraltBaasanjav

keeping track of my trades

MunkhtsatsraltBaasanjav Updated 

Pound/yen looks like forming down channel, before going long look for nice bullish confirmation on 1H chart. like bullish engulfing candle hanging man etc. or better look for candlestick formation withing 15 min candle to go long. The BIAS is long on pound/yen because pound/us dollar is showing nice rejection at support too. Happy trading, 100pipFX

MunkhtsatsraltBaasanjav

Price clearly tells us that chfjpy is going down. long fast bearish candles indicating that the bears are still on the strong, I would put order below the support 15 pips apart from it with targets at 109.700 and 109.000 and 108.800 TRADE EP- 110.115 Tp1 - 109.700 (45pip) Risk reward ratio - 1.2:1 tp2-109.000 (115pip) Risk reward ratio - 3:1 tp3-...

MunkhtsatsraltBaasanjav

Im biased to go long on audusd (xau/usd correlation is high) refer to gold analysis. will be looking closely at 1.7560 level for long entry. Will be updated Happy trading, 100pipFX

MunkhtsatsraltBaasanjav

Very nice 1H falling wedge has breached its resistance now is to retest back and go long until 1333 NOTE! dont go for buy when its touching the retest area, ALWAYS wait for confirmaion to happen (bullish confirmation on 15 min and 1 Hour chart) Next week keep an eye on XAU/USD and AUD/USD. these are closely correlated pairs. Happy trading, 100pipFX

MunkhtsatsraltBaasanjav

Nice rejection at support, we can go long now, EP- 1.3780 TP- 1.3900 (120pip) SL - 1.3730 (50pip) Risk ration 2.2:1 Happy Trading! 100pipFX

MunkhtsatsraltBaasanjav

broke the big up trend support, then formed rising wedge. 2 confirmation to go short

MunkhtsatsraltBaasanjav

formation broken. to shoot up wards. but first must retest the support to shoot higher.

MunkhtsatsraltBaasanjav

the indecision doji candle says it all now its time to sell

MunkhtsatsraltBaasanjav

the price picked up its ammo from supply area to go up to the 1.272 retracement. now it should correct to 78.6 to continue its move.

MunkhtsatsraltBaasanjav

Series of bearish engulfing candles showing up indicating strong bearish move is coming up, daily uptrend support has been broken (refer to related ideas) correction and retest of the resistance(past up trend support) must happen before continuing bearish movement. 1.3990 support will be major signal for break or bounce. in the short term i see GBPUSD will go...