At the end of Tuesday U.S session, I saw a nice short setup in USDJPY. Classical text-book pattern to me, and offered me 1:2 R/R.
Short position was established, profit target was achieved at the mid day of Asian session. Not too bad with +2R gain.
Here is the…CHART! Well, forget about the MACD, I was just too lazy to remove it.
Firstly, the NZDUSD pattern failed last night, so, no trade was taken. Dollar had a good day, and it actually brought EURUSD back to daily support zone. I see opportunities to get in some Long positions. Orders are pending now, waiting for entry setup. Let’s see how it goes. 1:3 R/R setup.
Anyway, here is what I see. Here ……….CHART!
Here is a Free/Fatal trading idea. I am looking at NZDUSD, and I am seeing opportunity to establish Long position soon at around 0.5685 zone. This is a swing trading idea 1st target is around 0.584-ish while final target is around 0.599-ish zone. It looks delicious to me. Let’s see how it works out later.
Here is the…..Chart!
This is to show you the chart of AUDUSD trade which I mentioned in Twitter yesterday. I would not disagree if you are considering taking some profit off the table. I see 0.73 is a good spot to unload some.
Here is the….CHART!
A busy week for me. Enough stress and frustrations at my work place. I am trying to keep my head cool, and ignore the nonsense after leaving office. Since I am not in good mental and physical states, I did not make short term trade this week. Instead, I have been watching AUDUSD for 2 weeks. Some of my favourite patterns are back. I would probably trade more next week.
A long Easter weekend. My family is visiting me in Melbourne. It is always great to see them around. But the departure later is always bad. That’s life.
Cold weather starts moving into Melbourne. I am loving it.
Just some quick update.
Happy Easter.
After briefly approached 0.71 vicinity, AUDUSD pulls back to 0.69 area. Is that a pull back, or we are again heading back to southern hemisphere? I have no idea. My take is , we have a chance to stay above 0.68 and looking at 0.72-ish level as next target. Play with care, that’s the plan. This is my two-cent worth analysis.
Here is the….CHART! (click to view full chart)
And here is some technical statistics
In addition, let’s have a look at Dollar Index chart.
Both trend score and new charting service are now available for free trial. I use it. I’d recommend you to give it a try. Here is a short video about the charting service.
