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NZDUSD analysis

jacoblnrgn Posted 23 Mar  in #Technical
Last week i took a buy trade on the NZD after the initial retracement because i missed the first swing after the AB-CD retracement down. But i was able to get 160 pips out of it. THe currency still looks interesting so i'll be looking into it this week as well.
The current picture looks tricky because the monthly and weekly timeframe is still buying and market just bouced off the 38% retracement on monthly timeframe while the daily showing a change in trend to buy and 4hours still holding the bu…
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800 pips banked on GBPUSD

jacoblnrgn Posted 14 Mar  in #Technical #Gbpusd #Inspiration
Closed my long term position on the GBPUSD yesterday with an 800 pips on my GBP analysis which i posted a month ago. I believe we might be getting a retracement from here on out. It's better to be on the same side. Keeping your profit by not trading is also a good strategy to success in forex. Congratulations to all my followers!!! Happy pip fishing!
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Trade updates

jacoblnrgn Updated 16 Feb  in #Technical
Taking half my profit at 100 pips on the GBPUSD and moving my stop loss to break even... A new count of profit days!
but on Nzdusd, i'm still at break even. I could have been stopped out but my stop loss was 100 points away from my entry because of the NZD news that came out positive this morning! I hope to be in profit here too by tomorrow! happy pip fishing and Peace out!
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The unbelievable about GBPUSD

jacoblnrgn Posted 14 Feb  in #Technical #Gbpusd
Trend is bearish here, but GBP is not at oversold. Right now market has reached strong support area, Yearly Pivot support 1 and major monthly Fib level. Monthly chart give us just single AB-CD pattern with nearest target at 0.618 extension – 1.3088. Currently 1.30-1.31 area looks unbelievable, but if we would suggest parity on EUR/USD and starting rate hiking cycle in US – why not? Still, this is very long-term picture and right now we’re mostly interested in reaction of the market on current su…
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Going long on USDJPY

jacoblnrgn Posted 13 Feb  in #Usdjpy #Technical
I went long on USDJPY at 118.50 which was a previous support and 61% fib level with sl at 117.9 and tp at 121.50.
I have believe that there will be more strength coming into the greenback in the coming days and we can see a retest of the december high
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