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1 DEC 16 | USDJPY TURNING DOWN

killer195175 Updated 1 Dec.  in #Trader's blog #Price Action #Support Area
Hello fellow traders,
USDJPY seems to be losing steam near highs of Feb and Mar this year near 114.50 level. I expect the price to correct to 111.50 levels
before resuming uptrend. The idea isnot to sell here but to wait for the pullback to the area shown by the coloured rectangle in the chart
and look for a decent bullish price action to enter the trend. If you don't know how to enter a trend then read my article about …
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TInna avatar
TInna 9 Dec.

good done!

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21 NOV 16 GBPJPY MEETS PREVIOUS HIGH

killer195175 Posted 21 Nov.  in #Trader's blog #Resistance #Price Action #Reversal #Gbpusd #Horizontal
Hello fellow traders,
GBPJPY along with other majors have beaten yen down and reached previous high of 138.77 zone. Here we may see supply and price may fall but seeing the huge momentum nothing can be said for sure. More aggressive traders may sell here with stop above 139.50 and may target 132.50. But till the time of writing this post there was no sign of any price action in favour of sell. So wait and let the candlesticks to confirm a sell. if the price is able to break above this zone then …
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19 NOV 16 USDJPY SELL SETUP

killer195175 Posted 19 Nov.  in #Trader's blog #Usdjpy #Price Action #Confluence #Fibonacci Level #Short Trade #Horizontal Resistance
Hello fellow traders,
Today I have spotted a probable sell setup forming in USDJPY at the confluence of the 61.8% retracement of the fall from the high of 17 Nov 15 and low of 24 Jun 16 and the horizontal support at 114.30 levels which is likely to turn into good resistance level. So here we may see some price action and a sell set up may form. But i will look for a very strong bearish engulfing or the pinbar candle to enter a trade as the ongoing momentum on the upside is huge.
As of now there …
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NZDUSD

killer195175 Posted 24 Sep.  in #Support #Resistance #Price Action #Traders Contest #Fomc #Retest #Trendline Break
The NZDUSD has dropped from its recent highs following Wednesday’s dovish hints from the FOMC. We can clearly see that bids are decreasing now.So now what?The .7200 level is the one to watch as we head into a next week. If it fails to hold then we can see 0.6967.Event risk for the US dollar next week is speeche from FOMC members on Wednesday followed by GDP of third-quarter on Thursday at 8:30 am EST.
Safe Trading
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