UnknownUnicorn6441570

UnknownUnicorn6441570

GBPCHF nice area's of interest again to look for. After some euro/gbp news today it saw the pound gain some strength which played out nicely into this area. You can see recently some movement has occurred in this little zone so we will take an entry here with a RR of 43 pip SL and a final TP of around 185 pips. First take profit zone is around 90 pips away. Any...

UnknownUnicorn6441570

We posted earlier about the nice levels of CHFJPY and it is playing into our hands :)

UnknownUnicorn6441570

Look at this simple setup, bullish trend which broke and now we are getting the retest. This aligned with these key levels marked in blue should see the price pull down. As it is Monday don't risk too much keep it safe.

UnknownUnicorn6441570

As expected we saw price push up from this area of interest. Take profit 1 of 50 pips secured this morning with our stop loss now at entry price to make the rest of our trade risk free. Hope some of you got in on this.

UnknownUnicorn6441570

As you can see, chart may look a bit more 'messy' in terms of how we normally chart but this is to show you a bit more behind the trade. We have a daily bullish and bearish trend here, the more recent daily bullish you can see broke out a little while ago whilst the bearish (down trend) is still currently respecting. However on recent meetings to the trendline...

UnknownUnicorn6441570

So we can clearly see this pair is currently bearish. It has been for sometime now. We have also broken out of a daily key level of 0.64973. The only other time this pair has been under this level was March this year when price came down then. Now, we will leave this alone until one of two things happen. 1) the price continues to fall and we will enter a long...

UnknownUnicorn6441570

I have outlined in my chart what I expect to happen with this pair so it will be a case of a sensible lot size due to it being market open and observing the trade throughout Monday. Nice RR as we normally wait for the pair to reach the TL before entering. However, as you can see there has been a nice reaction off this level here so it is worth a punt. If price...

UnknownUnicorn6441570

As you can see from the analysis here. NZDJPY respects the daily level of70.036 very well. I have marked these areas out in yellow where price has reacted purely off these. If you look at the trendline we currently have we can see that the pair was on the rise. You can see where the red box is where we lost the trade as we expected more upward movement. With...

UnknownUnicorn6441570

We can now look to start taking sells on this pair. We took this trade out at 17365 level as it was a nice place for us to enter. A retest of the trend line and also a test of a daily support level. A nice RR trade this with only a 25 pip SL to ensure we do not risk too much on the trade.

UnknownUnicorn6441570

GBPCHF, we can see price has clearly broken the bearish trendline and now we are just waiting for price to drop ever so slightly down so that we can gt the touch of our trendline and look to get into a buy position. Struggling to understand charts? drop me a message let's see if I can help you out.

UnknownUnicorn6441570

In all fairness it doesn't take much to be longer than my little stub of a penis. You could put a nail next to it and that will be longer! as the saying goes though, it's not the size of the ship, it's the motion in the ocean. And I've got some good motion ;) Now, GBPJPY. We can see that this pair has broke out of the bearish trend which has been respecting for...

UnknownUnicorn6441570

Looking at the chart we can see two possibilities with this pairing. One being we come down a bit more and look to get into a buy position on touch of the trendline, or, price continues to push on and we can look to get into a sell position on the 3rd touch of the bearish trend. At the moment it is in the middle of the market so nothing to do just yet. Be patient.

UnknownUnicorn6441570

NZDUSD - You can see how well this pair has shaped up to be. We have a nice daily support line which lines up perfectly with our trendline. If we take a look at the stochastic we can see it isn't really showing that we are over bought or over sold (which would normally be a good indication of where price should move next) but that's why you do not trade purely...

UnknownUnicorn6441570

Yes. To everyone's delight we are back! Stonier than Eminems return ;) Lovely simple setup here on NU. Wait for price to reach the trendline and then we buy

UnknownUnicorn6441570

Chart says all you need to know with this pair... let's go ;) Free trade...

UnknownUnicorn6441570

EURJPY... we have witnessed the breakout of this pair and as you can see price has now had the momentum back up to the trendline. We can now expect a rejection of this trend and see price drop back down. Sensible risk management whilst remembering this is the daily chart. Let's see how we get on! If you are struggling with your trading just drop me a message :)

UnknownUnicorn6441570

If you've ever watched that Netflix series about Jeffery Epstein then my god you'll know what I'm getting it! Now this trade is as obvious as that speculation. Take a look back at our previous chart on this pair and what we said would happen. Now price is in the perfect area for us to sell, we took a trade out on Friday and as you can see we are now slightly in...

UnknownUnicorn6441570

Just like my days at the moment, and the current market. Slow and painful haha. We are still making money but not as quickly as we are used to with Forex! Anyway, as you can see with EU, price is still in a bearish trend which we expect to continue for a little longer. As you may already be aware by our charts we use a nice 3 touch method. From the chart you can...