benjaminhay

benjaminhay

Price did pullback on support 91.47 and shows many rejections and pin bars, price action signal I like to trade. Trend is bullish on daily chart and fundamental too. (All red lines are daily levels) Stop below pin bar and TP 1.5R Trading journal

benjaminhay Updated 

GBP is performing good these last days (good PMI data yesterday) and a good opportunity could present next days. I'm monitoring this pullback on the support and wait for a price action signal to enter long. The target is the next resistance zone or it could also be the next daily level 165.2

benjaminhay Updated 

This resistance zone has a lot of selling pressure and a double top pattern is forming with lower high and a nice pin bar . I have no biais on this pair because the market is ranging since october 2022. I'll see how it perform. Not a big risk reward but it's enough. Stop above the pin bar and target at 1.5R

benjaminhay Updated 

A rising wedge has formed on AUDNZD and price is about to retest the support trendline. This pair could plummet if price hold under the resistance 1.1030

benjaminhay Updated 

I have short biais on this pair since mid january. bearish structure and the pair has reached a nice resistance area. Many confluences and nice price action signal I keep my trading simple, no indicator, only price action and fundamental analysis! I trade major key levels with price action strategy. Trades on 4h chart with 1.5R, no need to do more. You can check...

benjaminhay Updated 

A lot of AUD and NZD weakness since US NFP because it means a hawkish FED and a weakness in stocks martket and numerous US data came out lately very good for currency so AUD and NZD are very correlated to stocks market (risk-on assets)

benjaminhay Updated 

A triangle formed on AUDCHF which has been broken and retested on the 4h chart. Fundamental is also important here, AUS inflation still growing and RBA mentionned in its last report that they will keep increasing rates.

benjaminhay Updated 

the pair just retested its previous range zone, has rejected 0.618 fibo level and the 0.885 support. Engulfing candle signal for a buy entry.

benjaminhay Updated 

This morning, UK GDP came out bad and USD is regaining some strength after powell speech. Got nice signal on the 1h and the 4h timeframe looks bearish too. Next support is around 1.1905

benjaminhay Updated 

Here is a trade I took this afternoon just before Canada labor news. Market was already bearish and no buy pressure. Data helped too push CAD higher. EURCAD was even better to trade with better signal

benjaminhay Updated 

After Powell speech, he is still very hawkish and mentionned that if labor keep tightening, he will continue to increase rates. Also ECB will continue to raise rate by 50bps at its next meeting. Technically, a higher low formed after the NFP pump last week so im entering long. And we still have big imbalance. I chose EURJPY over USDJPY because I have preferences...

benjaminhay Updated 

EUR weakness on the weekly timeframe and sell pressure since two weeks let's see where it goes, selling to 1.41

benjaminhay

Last week USDJPY broke 130.60 resistance and is now retesting it. I am waiting for a signal

benjaminhay Updated 

There is gap not entirely filled on this pair and price is moving in a descending channel Every JPY pair is down except AUDJPY because of the RBA statement last night but, it's good quick short opportunity I think. Aggressive managment

benjaminhay Updated 

today after US NFP, the support 1.0875 has been rejected again. Pin bar on the 4h timeframe and daily. The trend is still bullish.

benjaminhay Updated 

Long entry this morning on this pin on the 4h, maybe a bit early but we can see reactions near the support. The daily trend is still bullish. SL under the 50% fibo level and target is the next daily resistance.

benjaminhay Updated 

Lately, GBP data came out bad and I think CAD index reached its bottom and will start to gain. Also WTI oil is showing some strength and is close to break $82 resistance. Shorting GBPCAD to the next support, 2R

benjaminhay Updated 

I am still bullish on the AUD and NZD with china economy reopening. Australia commodities exports to china should also improve. And today BoC did not raise interest rate so, FED could be influenced too and not raise interest rate as well. It could be bullish for stocks then AUD and NZD. I am taking advantage of this correction to take a buy 1R, to the next...