We will look at a few currencies today, talking about our open and closed positions. At the moment, we are long EURNZD and EURAUD while shorting XAUUSD. Our USDJPY has been closed with +67pips.
We went long USDJPY after identifying bullish candlestick pattern at 123.6 level. At 123.2, there is considerable buying interest as well. We went long with stop loss placed at 123.25 with take profit at 124.35. The take profit level is where previous high was. This trade was closed with +66pips profit.
As for EURNZD, we can see that SMA200 line is still supporting EURNZD and bullish pinbar signals are observed. We are in favor of price moving up with next immediate support at 1.68, which is our take profit level. At the moment, our stop loss level is at 1.635.
We can observe that 1105 is a strong level for a resistance since price moved lower upon reaching that level. We are short against that level and will be taking profit at 1077, which is the next support level.
Price is supported at 1.5 and broke above short term trend retracement with a high probability of it moving higher. We will take profit at immediate resistance level which is at 1.525. Stop loss is placed right below 1.5 level.
The future belongs to those who believe in the beauty of their dreams.