TraderMichealB

TraderMichealB

keeping track of my trades

TraderMichealB 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

TraderMichealB

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-...

TraderMichealB

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

TraderMichealB

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

TraderMichealB

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

TraderMichealB

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

TraderMichealB

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

TraderMichealB

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

TraderMichealB

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.

TraderMichealB

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...

TraderMichealB

Fibbo 61.8% rejected the price go down after breaking its uptrend support. short term analysis showing strong bearish signals. looking close at 61.8% PA shows that price can go both ways so waiting for confirmation for short is breaking 61.8% in the next 2-3 candles. confirmation for long is breaking of 1.4100 resistance. (this analysis is also a outlook...

TraderMichealB

EURUSD Symmetrical triangle support has been broken. now it shall do retest around 1.2290 area. (showing in horizanal level analysis) and then it will be bearish until 1.2160 area.

TraderMichealB

if broken 1.2260 level the price shall fall down to 1.2160 area go shor. retest back to 1.2290 and then fall down perfectly.

TraderMichealB

On this daily chart of USDJPY. the price tried to break and did false breakout of the of the horizantal level. In the past the horizantal level had been broke and the movement kept going, but this time the movement is consolidating. +there is 2 big bullish engulfing candles showing signals to go long. then the next 3 bearish candles are slow moving. Price...

TraderMichealB

USDJPY is still in its downtrend area but i see price action showing strong reversals on very strong level, supply area. The price has dipped in once and started moving higher. but there is still 3 levels of Fibonacci resistance (which are shown in red) to prove further long term bullish movement. The candle at 4/2 20:00 EST time is the indecision candle and...

TraderMichealB

refer to monthly chart analysis below. long term investment entry.

TraderMichealB

CADCHF Wedge formation has broken its resistance now it must retest its support and shoot back up. following the rule of the chart pattern. 3800 pips are on the eye in the next 4-8 years. It's a real long investment plan but its worth it. enter 10 positions.