Will the price reach the low of January 2012 (1.2600/20). If the Eur/Usd breaks this area, we can go for the 1.2550 support for now. If you have short trades running, stay short with at least a small part of your position. In case the price bounces in the 1.2600 area and the pair moves [...]
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EUR/JPY Outlook for May 7-11
Eur/Jpy Our swing short setup worked fine and I am about 100 pips in profit now (4H entry 105.50).I leave my stop at 106.30 for now but took already some profits at 104.50. I will trail my stop after a new confirmed setup on the 4H chart. Next target is the 103.30 area. Good [...]
EUR/USD Outlook for April 30 to May 4
Swing traders should wait for some good support and resistance area breaks, before they can enter new positions!
XAU/USD (Gold) Swing trading setup soon?
Gold is ranging for many weeks now. The price has created a wedge, and it looks like we will see a break out of this formation soon. It can still take a couple of weeks, but a break here would open the way for new swing trading setups. Patience now! Remember…You don’t want to decide [...]
EUR/JPY Swing Trading Outlook for April 23 to 27
Price has broken the resistance line on the 4H chart. I will wait for a good 123 setup on the 4 h chart to trade long. This could be a swing trade position, if the setup looks good.
Intraday & Scalping (Trading Tip for April 18)
Usd/jpy moved up to our EMA 200 resistance area. Switch to lower time frames like the 1 min/5 min chart and look for some intraday short setups with target the 81.00 area! In case the price breaks the 81.50 area, try to look for long setups and target the 81.80-82.00 area for no. Don’t [...]
Update for EUR/JPY Swing Traders
The bounce on resistance did not happen, so we did not have any chance to trade short yet in terms of swing trading. We need to wait for a higher low for long setups or a clear lower low to look for short setups.
Today’s Trading Tip Eur/jpy 4 H chart
Eur/jpy 4 H chart 1.Wait for the price to retrace back close to the orange trendline. 2. Wait for a bounce and a red candle (4H). 3. Go short with target the 103.70 area and a stop over the orange trend line.
