Simple analysis using S&R and Price Action
Last analysis for the weekend... :) Another Daily engulfing candle formed and pierced 30SMA on the upside.. **notice that TP1 and R61 are almost on the same zone, so we have higher odds of it getting hit... For TP2, better to move it closer to R78 instead..
same analysis for GBP pair published previously..
Time to sell AUDNZD too having many confluences factor such as bearish pin bar on Weekly While we are focused of course on Daily's Bearish engulfing bar.
Lovely Engulfing Candle on Weekly Chart of AUDJPY... Take note this is WEEKLY, so we should give this trade time to workout and still go with risking 1% only...
Since it's the holiday and liquidity is low, I decided to just look at the higher time frame and trade it with lowest possible lot size. Still same structure and trade setups on the things I'm looking for a valid trade. Good luck and don't forget to manage your risk! Happy Holidays!
Since it's the holiday and liquidity is low, I decided to just look at the higher time frame and trade it with lowest possible lot size. Still same structure and trade setups on the things I'm looking for a valid trade. Good luck and don't forget to manage your risk! Happy Holidays!
Another simple analysis on 4H chart for this 1:1 ratio.
Simple Daily Analysis on this pair just zoomed in on 4H chart to have better view.
This trade has been analyzed from Daily Chart and was just zoomed in on 4 Hour Timeframe. We ride the trend going down with Aussie. Don't forget to just risk 1% of your equity and divide your positions into two to have two target profits and move your SL once the 1st target has been reached to protect your profits.... Good luck!
Simple analysis of Trend Continuation. Expecting more seller on USD
Expecting More strength for Gold today for trend continuation trend.