Here is the NZDJPY setup I tweeted this morning. It is one of my favorite setups. There’s confluence of support level, Fib levels, and channel bottom. It is a bullish harmonic setup.
Here is the chart to confuse you.
Trade well.
Here is the NZDJPY setup I tweeted this morning. It is one of my favorite setups. There’s confluence of support level, Fib levels, and channel bottom. It is a bullish harmonic setup.
Here is the chart to confuse you.
Trade well.
We have a gap up during Monday Asian morning. I have two levels in my radar for potential short position. It is the confluence of resistance level, Fib extensions and channel median line.
[tab: Setup]
Here is the CHART to confuse you.
[tab: Update 24 Nov 2010]
This type of ‘fast-and-furious’ sell off does not happen very often, but I try to make sure I am in the market when it happens. Last piece of EURJPY short was closed few hours ago. Market seems to be a little messy now. I have no position at the moment, prefer to watch and wait for the market to settle for now.
Here is the CHART
I recently received some emails asking about signal service. Here is just a small clarification to my new readers. I am not a trading signal provider or trading educator. I occasionally tweet my trades on twitter, and share some interesting setups/charts on this blog. These are all I am offering.
So, no paid service here. Well, at least for now 🙂 I don’t have any plan to offer any, yet. If you are interested in reading my charts or my rant, follow me on twitter, and read this blog.
Trade well.
I tweeted this yesterday, I thought the video is interesting, and it is worth sharing again here.
Here is the $AUDJPY chart I mentioned earlier on. I am holding long position, with some profit booked, and stop is now at break even. This is a text book 5-0 formation where all fib levels are nicely respected.
[tab: Setup]
Here is the chart to confuse you.
Have a great weekend!
[tab: Update 18 Nov 2010]
The pattern works now nicely. With the weakness of JPY at the moment, and AUD gaining some strength, the pair might stretch further. But, there is also a possibility of forming triple tops, and now it is trading at the top of channel as well…so..
Here is the updated chart.
Here is the USDJPY chart. I am looking at 83 area for potential short trade. There are confluences of Fib extensions, harmonic patterns formation, and price resistance area.
Here is the chart to confuse you.