Xanny

Xanny

Price just broke out of a descending trend line, we expect price to make a little retest of the broken level. We can enter a nice long trade with a good risk reward when we get confirmation after price retested the zone. Nice possibility to complete a full Ellioth Wave.

Xanny

It seems like price is rejecting the level of resistance, we will look for sell power and enter a short position when we get confirmation on the hourly chart.

Xanny

If we see USDCAD rejecting the resistance zone on the 4h chart, we can look for short entry confirmations on the hourly chart.

Xanny

Last week, this pair moved in an ascending parallel channel. We expect the bearish trend to continue towards the bottom of the channel and support zone. Once reached this area, we will look for buy opportunities.

Xanny

Before we go long on this pair, we want to see a break of the previous high in order to confirm the bullish run at the end of previous week. We will buy on a retest of this zone with entry confirmation on the hourly chart.

Xanny

Price broke trough descending trend line and has potential to make a big upwards move.

Xanny

Here is my analysis on the USD/JPY. I will look for a buy opportunity when it will bounce up at support level but for the moment I will wait some days to open a position on this pair. What are your thoughts on this? Do you have any advice for me as a young trader (17 years old) ? Contact me ; )

Xanny

Hi traders, This is my very first idea published so lets introduce myself quickly. I am a 17 year old boy from Belguim that is obsessed by trading since I was 12 years old. Last year I started to show more interest in forex after getting with it in touch on Youtube and past year I spend endless time on reading forex books and trading demo accounts. Since a few...