UnknownUnicorn8714085

UnknownUnicorn8714085 Updated 

USDJPY - 50% Fib Rejection, 1:10 RR! After monitoring price action on this pair and conducting top down, multi timeframe analysis, I have noticed that price has rejected the key 50% Fibonacci Retracement several times and I believe that a strong push to the upside is due. With this being said, I have entered a long position with a great R:R of 1:10. I will...

UnknownUnicorn8714085 Updated 

EURJPY - Long Continuation & 0.618% Rejection! After monotiring price action on this pair, we can see that price has rejected the 0.618 & 0.5 key levels of the Fibonacci Retracement. I have now entered a long position with a great R:R of 1:7 and if the analysis is correct, it will result in +171 pips. I will monitor the trade closely and consider taking partial...

UnknownUnicorn8714085 Updated 

GOLD - Ascending Wedge Long! After price has been forming an ascending wedge formation over the last 3/4 days, and price has failed to break and close below the bottom of the wedge, I am taking a long position with a great R:R of 1:5 and if successful, the trade would result in +210 pips.

UnknownUnicorn8714085 Updated 

AUDUSD - 50% Fib Rejection. The recent uptrend structure on AUDUSD had formed a great opportunity to utilise the Fibonacci Retracement tool. After dragging the tool from the swing low to the swing high, we can see that price is now rejecting from the key 50% level which could act as a strong injection of bullish momentum. With this being said, I am entering a long...

UnknownUnicorn8714085 Updated 

AUDUSD - 1500 Pip Bullish Run Is Over! After a 3 month/1500 pip bullish run from the 0.5500 area. Price has been moving in a sidewards direction for one month (since 10th June). Price has broken and retested a short term trend line and I am now taking a short position with two TP targets. If price can reach my key weekly level (0.67000) it will result in +250 pips...

UnknownUnicorn8714085 Updated 

GBPJPY - Break, Retest, 61.8% Rejection! Price has broken the ascending trend line and created a pullback, now rejecting as a double top with wick rejection. With this being said, I am taking a short position on this pair with the TP at the -61.8% Fibonacci level. This results in a great R:R of 1:4 and +170 pips.

UnknownUnicorn8714085 Updated 

NZDJPY - Break & Retest Short! After analysing the NZDJPY on the 4H timeframe, I have noticed that price has failed to break above the 70.700 level many times. Price has broken my trend line, a small retest occurred and I can now see that price is retesting previous structure. When looking at lower timeframes (15MIN), I can already see a break of structure and I...

UnknownUnicorn8714085 Updated 

EURJPY - Channel Break & Retest! During the last 3 weeks, EURJPY has been moving in an ascending channel formation. Price has now broken this channel and retested a key level of previous support, now resistance. With this being said, I have entered a short trade with a great R:R of 1:5. If price can reach this area, it will result in +100 pips.

UnknownUnicorn8714085 Updated 

GBPCAD - Rejection At Resistance! After catching a 260 pip move to the upside on this pair, I am now taking a short position to a mid-level which would equate to +115 pips. Price has reached a key level of resistance and failed to break through. On lower timeframes I have seen various candlestick patterns that indicate that this pair will reverse. With a tight SL...

UnknownUnicorn8714085 Updated 

GBPCAD - 4H Double Bottom Long! Price has formed a double bottom on the 4H timeframe and then broke the bearish trend line through previous resistance. Price has now retested this zone and I have therefor taken a long trade with a great R:R of 1:6. Time will tell if this pair can push to my TP of 260+ pips.

UnknownUnicorn8714085 Updated 

GBPNZD - Break & Retest Long! I am taking a long position with a 100 pip TP (R:R 1:5) after a simple break and retest of structure has occurred on the 1H timeframe. Price is forming higher highs and has reacted to previous structure with wick rejection.

UnknownUnicorn8714085 Updated 

GBPUSD - Short Position, R:R 1:5. I am taking a short trade on GBPUSD after price has shown rejection on lower timeframes (15M & 1H) and is respecting the descending trend line. My target is the next key level at 1.21700 which gives me a great R:R of 1:5. When applying the Fibonacci Retracement tool, price is also showing rejection at the 61.8% level which gives...

UnknownUnicorn8714085 Updated 

GBPCAD - Ascending Channel. I am taking a long trade on this pair with a great R:R of 1:7. After I have seen confirmation of reversal on lower timeframes (15 & 30 Minute) and price has failed to break the channel, I strongly believe that this pair will push to the upside towards my TP at 1.71900 level.

UnknownUnicorn8714085 Updated 

GBPAUD - Long Position, Still Holding! Currently sat at +160 pips on this long position and continuing to hold & monitor. A great entry at 1.81281 with very little drawdown. I can see this pair pushing up further to my TP target at a key Daily resistance level (1.87000) which would be +570 pips. Time will tell!

UnknownUnicorn8714085

EURJPY - Looking For Long Positions. Price has formed a double bottom structure on the weekly timeframe . The closing candle on June 5th is a bullish engulfing candle showing potential momentum to the upside. I will monitor price action and scale onto the 4H & Daily timeframes to look for a corrective structure prior to taking a long position.