Despite its continued rampage in the currency markets, reaching quarter-century highs against the Yen, I am of the opinion that we might be witnessing a temporary retracement in the coming week in anticipation of a trend continuation in the nearest future. This video explains how I intend to take advantage of this opportunity.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
As I mentioned in the video, I had an opening position over the weekend hence in 48 pips running in profit. Let's see if we are going to witness a retest of the neckline with the hope of a reversal pattern within this area to join a potential decline.Good morning
Note
and a breakdown/retest of the trendline should signal a bearish momentumTrade active
We are still very patient as we anticipate two scenarios to occur before we are triggered for a trend continuation.Trade closed: target reached
My first position hits TP as a bearish signal is confirmed in the form of a breakdown/retest of the bullish trendlineGood morning
Trade active
Close to take profit target... I am actually out at this pointTrade active
After taking 80pips in our recent trade; a breakdown/retest of 138 level could welcome another bearish momentum, stay tuned in!Good night
Note
The most important structure any where now is a reversal pattern to give us a signalNote
Trade active
Price action continues to respect the supply zone at 138.350 areaGood morning
Note
All selling set-up is negated at this point.Stay tuned in for updates.
Good morning
Trade active
With the appearance of a strong reversal pattern in the form of an inverse head and shoulder pattern on the lower time frame; our perspective will be shifting to identifying buying opportunities at the breakout/retest of the neckline at the 138.400 zone.It appears the neckline has been broken hence I want to see a retest of the structure to join the potential rally.
Note
Video on a follow-up details here:
Trade smart. Trade consciously
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade smart. Trade consciously
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.