mryoung

mryoung Updated  Jan 3, 2018

This is what we are seeing at the moment for EURUSD pair. We are currently holding short position for shorter term with TP at 1.194. If bulls show presence in S1 area we will be looking for long positions with 2 TP areas : - R1 area : 1.206 - 1.209 - 1.225 area If we see a break above 1.225 area, then we will enter another long position for retest of a monthly...

mryoung Updated  Jan 3, 2018

If we see AUD breaking and closing above downtrend resistance on Daily, we should have a nice LONG Setup to 1.11 resistance zone. In this zone we could be seeking either another bullish opportunities to retest 1.25 highs or trend change and drop to 1.1 area again or potentially lower.

mryoung Updated  Jan 3, 2018

We’we been continuosly following Cryptocurrencies and they all tend to follow rise&fall of BTC (as you might as well noticed). This time we‘re expecting BTC to fall down around 2.000$ by the end of the month -> for more detailed info check this : Every BTC drop will be followed by other Cryptos, so you will have BUY chances for all of them as BTC is expecting...

mryoung Nov 15, 2017

Price has landed nicely in our desired buying zone. This is a strong support zone and we should look for bullish events here to make an entry for long. Ideally, we should wait for retest of this zone and enter long position. TP1 : 1.003 TP2 : 1.007

mryoung Updated  Nov 8, 2017

We see that trend continuation pattern has been broken and we also got some confirmation of the price action with bearsih engulfing for going short on this pair to it‘s previous lows by the end of the week. TP2 could be sitting on 1.62 on longer term period. Let‘s see how it goes :) Good Luck!

mryoung Updated  Nov 8, 2017

If the market pulls back in 1.6648 zone, we should be looking for bullish confirmations and go LONG. First TP should be in area of previous lows (1.68665-1.689). TP2 could be in previous highs in 1.78-1.179 area. Good Luck!

mryoung Updated  Nov 7, 2017

Price landed perfectly after a pullback in our desired BUY zone for this week. It's time to go LONG. Aim for previous lows or previous highs : TP1 : 1.486 TP2 : 1.5 Good Luck

mryoung Updated  Nov 7, 2017

On the chart you can clearly see that long term support is broken. Also downtrend is in play since last couple of weeks - 2 trends are forming nice simetrical triangle. My bias is short here. A lot of traders are waiting for confirmation on daily to enter short now. Let's just wait for confirmation and see if the trendline starts acting as resistance (personally...

mryoung Updated  Nov 7, 2017

We have 2 uptrend support lines broken and spike up during BoJ news, then during the day price dropped down to the support area of 113.84 The price should continue going down, if you're in from the top good for you, if not - wait until the support line becomes resistance, since we're in strong downtrend I am not sure if the resistance will be restested a lot, so...

mryoung Updated  Nov 3, 2017

We are shorting from 1.166 on the sign of engulfing candle on H1 (also confirmed on H4 and on daily for now). Right now it is in this blue zone which looks like short term (this week's) support on the pair. Next move is pretty simple. If the support holds, we should have small retracement to the 1.163-1.164 zone, which gives you nice opportunity to entry Short...

mryoung Updated  Nov 2, 2017

We saw bullish candle was rejected on the neckline of H&S, it's time to retrace now. Wait and see how last candle closes. If it forms nice engulfing candle, you could enter short position with TP on 40pips (2:1 risk reward ratio) to the support zone which is clearly visible on H1. If that support zone breaks we could see further downtrend.