Near term support is at 95.73, we took a long near that level but got stopped out. Subsequently, price went back in our favor. We still remain bullish bias on AUDJPY, however, it will be good to see price break above the high of last week.
0 Comments
We went long after detecting a bullish candlestick but price reached 140 level, a strong resistance, and retraced. Hence, we got stopped out at 139.1.
We went long at 1.9232 after we noticed a bullish candlestick pattern close to support 1.92 level. However, 1.92 level was not strong, hence the level was breached.
Our EURNZD position got stopped out marginally but we still maintain bullish bias on this pair. Suggested articles:
Have you paid to attend forex courses before? - Read our article on "How much are you willing to pay for forex courses" How to manage your risk in FX trading - Read our article on "Risk management in FX Trading" Anyone wants to be a proprietary trader? - Read our article on "Do you want to work as a proprietary trader" Trade got stopped out at 95.5 as price was not able to breach 96 level which is near to the high of last week.
Price consolidated within a triangular pattern. In 4h, we observed a bullish candlestick pattern supported by upward trend line. In 30mins, price also broke above downward trend line. Hence, we were short term bullish bias at 1.1258 with stop loss 1.123 and take profit 1.1325. However, our position got stopped out at 1.123 shortly after entry. Suggested articles:
Have you paid to attend forex courses before? - Read our article on "How much are you willing to pay for forex courses" How to manage your risk in FX trading - Read our article on "Risk management in FX Trading" Anyone wants to be a proprietary trader? - Read our article on "Do you want to work as a proprietary trader" 30mins USDJPY broke above short term downward trend line and slightly making higher high. USDJPY is seemingly making 5th wave. Hence, i went long USDJPY at 123.61. However, position got stopped out. Suggested articles:
Have you paid to attend forex courses before? - Read our article on "How much are you willing to pay for forex courses" How to manage your risk in FX trading - Read our article on "Risk management in FX Trading" Anyone wants to be a proprietary trader? - Read our article on "Do you want to work as a proprietary trader" We have identified 24h AUDJPY pin bar signal which led to our bullish bias. In addition, 4h AUDJPY has a pin bar signal with support at 94.68 while 30mins chart has shown us that price broke above short term downward trend line with support at 95.5. We were bullish above 95.5 with stop loss right below 95.5.
However, our position got stopped out since 95.5 level did not provide us with a strong trade set up to go long. Nonetheless, we still remain our bullish bias with take profit target at 97. |
The future belongs to those who believe in the beauty of their dreams. Archives
November 2017
Categories
All
|