My output of the week. The reasoning of this trading is based of multiple confluences. Goodluck and Manage risk
Due to the weekly support coming in .. if we dont break this we are going to test the high ... i see this going up further more due to structure .. we are going to hit major demand zone and see where this goes.
SUPPLY AND DEMAND ZONES. WAITING FOR CONFIRMATION BASED OF PRICE ACTION. THIS ARE CRITICAL LEVEL POINTS.. AND BEST POINT TO PLACE A CERTAIN BUY POSITIOn. WHY? BECAUSE THIS IS WHERE THE INSTITUTIONAL ARE WATCHING. CRITICAL POINT IN THE ECONOMY.
THIS IS WHAT THE MARKET INFORMATION IM GETTING FROM GBP/JPY . GOODLUCK EVERYONE
SIMPLE PRICE ACTION ANALYSIS.. UNDERSTAND THE MARKET MOVEMENTS . UPDATED VERSION OF MY PREVIOUS POST
ACT UPON ON WHAT PRICE GIVES US>. I DONT PREDICT THE MARKET >> I ACT UPON ON WHAT IT GIVES> STUDY MORE AND BE PATIENT PLEASE>> GOOD LUCK
THIS IS WHAT I DO .. ANALYZE THE MARKET BUT IM A SCALPER :D
TRADE WHAT YOU SEE .. THIS IS WHAT I SEE AND PLANNING TO TRADE. PATIENCE AND WAIT FOR PRICE ACTION TO DO ITS MOVEMENT AND REACT. I WILL REACT LONG IF PRICE GOES BREAK TO THE UPSIDE WITH.. PRICE CAN DO WHATEVER BUT REACT TO WHAT IT GIVES YOU.. ENJOY EVERYONE
THIS IS WHAT I SEE.. STUDY MORE AND TRADE LESS. I HAVE PLAN BOTH SIDES... SHORT OR LONG.. WAITING FOR MASSIVE CONFIRMATION>> SEE YALL
RESISTANCE AREA AND SUPPLY ZONE. VERY INTERESTING COMING FROM A STRONG DOWNTREND MOMENTUM. I WOULD SHORT ON THE BREAK RETEST ! SCALP . IF IT BREAKS UP AND RETEST WE HAVE A LONG OPPORTUNITY. WAIT FOR CANDLE CLOSE OUTSIDE ! AND RETEST!
I am currently short in UJ, We are in a supply level . Gathering more orders. I expect this to move on Tuesday. I got my plans in what will price give me.. GOODLUCK EVERYONE.. SHORT TERM SETUP.. MY WEEKLY SETUP IS STILL GOING ..
I KEEP IT SIMPLE, UJ AND GOLD MOVE OPPOSITE SO .. UJ DOWN ... GOLD UP ..
GJ SHORT. LETS SEE IF THIS PLAYS OUT WELL> AS LONG THIS THIS DOWNTREND STAND IM EXPECTING THIS TO HAPPEN> IF PRICE CLOSE 141.000 PRETTY GOOD CONFIRMATION THAT THIS CAN HAPPEN.. VERY INTERESTING
THIS IS WHAT I SEE IN THE FEW MONTHS. FUNDAMENTAL AND TECHNICAL ARE SAYING THAT US CURRENCY IS ABOUT TO DROP.