ANALYSIS UPDATEInteresting week ahead of us, many analyses played out already and some unfortunately not. However it is still only Tuesday, just wanted to post a video to get through the charts with you and share my thoughts.
Have a good day ahead and trading week, will update you at the end of the week and in the mean time I will be monitoring the positions.
T
Forex-analysis
AUD/JPY Near Important Level.price has reached near previous 25 days high, at an important level of 90.15 , if this level is broken than the price can go upto a target of 90.900 and then 91.33. price is above 200 moving average right now if it shows weakness and closes below 200 MA than a short trade can be taken below 89.5 and target of 88.65 can be achieved .
note- trade must be taken only after an 1 hr candle close below/above the level.
EUR/JPY trade idea you can further extend the target to a higher timeframe OB. but because there was a 1h demand below so be careful, the market could reverse from any point to fill that demand below, then look for 1m confirmation to enter the trade as there was an extreme demand was below there which was untested.
I hope you have a profitable week ..
EUR USD 4 H EUR USD still in sell zone in this indicator strategy using we can avoid false buy and sell signals so that we can relax about that. From this strategy i am using HEIKEN ASHI chart combination of moving averages , volume and some personal strategy. IF EUR USD gives closing below the lowest point in 4 H then take strong sell entry.
USDCHF Short Setup [4H]FX:USDCHF has been forming an uptrend on 4h and our expectation of a reversal is from 0.99500 with SL at 0.99820 and three potential targets.
The stronger the move to the zone, more likely for a quick reversal in achieving minimum 2:1
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly