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Short Entry Approaching?Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. ********* UJ has entered my entry zone at current 4 hour structure. Seeing that bears enter the market here in London/US we should see price head back down to key level 109.000 at least. After 109 is of course structure, then the -27 extension. Price always has room to retrace up to 100% structure, so that's why I have included the zone of allowed retrace room. If this zone is passed we should not only look to get out of sells but to also expect trend change. However, I don't see that happening quite yet. Short for the Dollar vs Jappy tonight with 60+ pips in sight. Always wait for multiple confirmations before entering into trades. The market will show you momentum of buyers & sellers, patience is the key, Sundays are usually slower. Good Luck to all traders and will update you on targets or if I momentum switch.
Short
by draked11
AUDJPY BUY setupThe trade is based on the retest of the blue trendline. So, we have a nice setup here, like I said before the trade is based on the retest of the blue trendline, to support our swing their is a nice zone of support, the 38.2% fibs of the last uptrend, the 23.6% fibs of the last 2years and to add more confirmation to the setup, their is a strong uptrend trendline. For now on i'm not sure if I will take it or not, I will see how it goes for the next fews days. when the Tp1 is hit I ALWAYS put my SL breakeven. I don't usally trade big timeframes like that so let's see! Go check out my profile to more ideas like that! enjoy :) EP---86.4348 SL---85.6190 (81pips) TP1---87.4772 (breakeven) TP2---88.5197 TP3---89.6528
Long
by ATMmachine
1
EURJPY BUY IDEAThis trade is based on the retest of the blue channel. We have the 61.80% fibs of the last retracement, the uptrend channel in yellow of two trendlines, and in our entry point their is a major supply&demand zone and this give us a major support for our little swing. EURXXX is very strong this last few weeks so we trade with the trend and we only buy a retracement of the big move. Enjoy:) and go check out my profile for more ideas! EP---130.4340 SL---130.1843 (25pips) TP1---130.6147 (breakeven) TP2---130.9429 TP3---131.3222 TP4---131.8243
Long
by ATMmachine
1