KingWenz84

KingWenz84

So on this pair I am short for now. We have broken out of the trend and are now pulling back. We have pretty much reached the 0.618 so this is my entry for the short. Once this has completed I will be looking at taking this long using the same Fib strategy but on a higher time Frame. But lets see how it looks closer to the time.

KingWenz84

So this is similar to the idea I just posted on EURNZD albeit we have a large double bottom on this one and no Fib confluence. So again I will wait for a touch of the neckline and a entry candle. Then I will open the long as shown. I will be trading this along side GBPNZD, both at 50% lot size.

KingWenz84

So I have seen this lovely little trade on this pair. We have an Inverted Heads & Shoulders pattern which we have broken the neckline and are close to re-testing. Upon touching the neckline I will wait for an entry candle (Bullish Engulfing, Bullish Pin bar, or a 3 candle reversal). I have extended my TP to meet the -0.272 on the Fib in line with the fib strategy...

KingWenz84

So in addition to the post just released on the lower time frame, this is my idea for a longer trade. I will obviously be using smaller lots in line with my risk strategy. As mentioned in my last post the entry and SL for both trades will be the same.

KingWenz84

So JPY looks to be gaining some strength over the end of 2023 and this looks to be continuing over the start of 2024. I will be placing 2 trades on this pair at the shown level. One as shown on this chart and another on the higher time frame which I will also post separately. With this trade you can see we have broken the trend line and are now re-tracing. I...

KingWenz84 Updated 

So I have taken another look at this pair and have identified an area of interest below. This will be the re-test of the broken trend line as well as a 4hr Order Block. I will be entering a 2nd small lot at this point if we get there with a SL in the same place as my 1st trade.

KingWenz84 Updated 

So I have a Buy Limit at the shown level based on my Fib strategy looks like we may hit it today. but given volume will be dropping out over the next day or so I may have to hold this into the New year. Tiny lots

KingWenz84

So my first trade is moving well, we seem to be re-tracing a little, if we reach the level shown then I will enter another position.

KingWenz84

Just as a follow up to my Long which I have just posted this chart shows the rough movement I am looking at for this pair over the coming weeks into the New Year.

KingWenz84

So this trade will be a slightly longer term trade but as per the Fib strategy I will be taking this long with a target of 1.12564. This will be with a small lot due to the size of the SL.

KingWenz84

So following on from my last idea which is still open and looking good, I will be adding another trade as shown using the same strategy.

KingWenz84

So once again using my Fib I am buying this pair based off the 0.618 with a TP of 0.65338

KingWenz84

So I am short on this pair. As most of my posts recently this is based on my fib strategy bouncing off the 0.618 level for a short trade.

KingWenz84

So this is another idea based on my Fib Strategy. JPY pairs have been regaining some ground recently and I see further moves down in the near future. I am taking this trade from the 0.618 as normal with my Stop above the high and TP at 103.835

KingWenz84

So based on my new Fib strategy I am long on this pair after a bounce of the 0.618 level and planning on taking this up to 0.86577

KingWenz84

So I have been practising using a new strategy based on the Fib. Using my new strategy I have come up with this idea.

KingWenz84

So this is what I am thinking for AUDJPY. If it works out I'll reveal why, but I'm pretty confident. :-)

KingWenz84

So this is my idea for this pair. Can you guess why I have plotted the path which I have? Let me know. Later I'll post the zones which I have based the idea on.