pure_technical

pure_technical Feb 27, 2020

the price touches the d completion (upper red dot line), also the previous support. Then the powerful cypther pattern formed. We are targeting the 0.382 retracements, not gonna be greedy.

pure_technical Feb 27, 2020

touching the upper part of the channel, as well as retesting the resistance. 5 min chart engulfing candle. Good opportunity to join the downtrend of AUDJPY

pure_technical Feb 26, 2020

As expected the price triggered the close

pure_technical Feb 26, 2020

as mentioned, the candle closed below the neckline, this is where we entered the market.

pure_technical Feb 26, 2020

As expected the price touched the upper line of the trading channel. There will be an opportunity of trading the downtrend as the overall trend is going downward

pure_technical Feb 26, 2020

As expected, we closed our trade at the upper line of the trading channel

pure_technical Feb 26, 2020

traders who trade a longer timeframe can consider trading the breakout of the channel. for trading 15 min i target the upper line of the trading channel

pure_technical Feb 26, 2020

trading from the lower line of the uptrend trading channel.

pure_technical Feb 22, 2020

As mentioned in the graph, the price is at the upper line of the trading channel, if you see closely in the 1-hour chart you can see it has been retesting to the previous level (relatively strong)/retracing to the 0.5 level several times. We are only targetting to the previous swing low as our risk and reward ratio is still decent even playing this conservative.

pure_technical Feb 19, 2020

Double bottom on the hourly chart and a bullish signal on the 15min chart (breaking and retesting the previous level

pure_technical Updated  Feb 18, 2020

Here we have a similar scenario with EURJPY but in this case, we have a support level underneath. So I suggest closing half of the volume when it hit the first target, and leaving another half to hopefully run through the support.

pure_technical Feb 18, 2020

Nice double top touching the upper line of the trading channel. Also, EUR and JPY are showing to be weakening and strengthening respectively by reading other currency pairs. We are not targeting down to the lower line of the trading channel as we do not want to expose too long and get involved in the data release of JPY, which will be in 8 hours later.

pure_technical Feb 17, 2020

We are looking for a confirmation of a breakout ( most likely a pullback) right now in order to go long. The strong go long bais consists of 1) breakout of the channel which had been forming in the past 3 days. 2) high potential of the breakout of the consolidation (the rectangular box). 3) AUDJPY has a strong sell signal (mainly because of the bearish AUD) *see...

pure_technical Feb 17, 2020

Sometimes looking at other currency pairs may help. Here the EURAUD is breaking the trading channel, showing a buying signal. Also what I read is the currency strength indicator and other EUR related pairs showing that EUR is not having a bullish trend itself. So it is more likely related to the bearish trend of AUD. Moreover, if EURAUD is really gonna go rocket...

pure_technical Feb 17, 2020

On an hourly chart, there is a double top pattern processing and bouncing off from the upper key level so that there is a high probability of dropping further. And on the 15min chart, we see a double top again. If your leverage is high I recommend only trading in the trading channel like me. But if you are a relatively long term trading (like trading hourly chart)...

pure_technical Feb 16, 2020

So the price hit our target, as well as the resistance. I recommend closing right there in order to stick with our strategy.

pure_technical Feb 16, 2020

On the hourly chart, it is still a valid downtrend. (dropped below the swing low and swing high) Combining the analysis on a 15min chart we are looking forward to a break out of the descending triangle and then a pullback to the previous level. Of course, the pullback may not exist. If it is like so we should dive deeper in to confirm if it is a breakout or not.

pure_technical Feb 16, 2020

ONLY consider going long when the price breaks the neck of the head and shoulder pattern and is above the previous swing high. The risk to reward ratio is 11:16