Hello my dear fellow community members, USDJPY seems good to buy above 114.04 level. I have already placed my buy stop orders above 114.10 levels. Here is the chart showing the setup. USDJPY DAILY CHART
Any comments or suggestions about the setup are welcome. Happy trading.
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GBPUSD has finally broken after consolidation. The next level can be seen as the target of the rectangle pattern which is the height of the rectangle. The falling trend line however will oppose any up move in the price. I am already short in the pair from 1.28440 levels with stop at 1.30000 and take profit at 1.27000 The idea is to sell near the trend line and keep a stop loss on the upper side of the trend line. Please leave your valuable comments in connection with this trade setup. Happy Trad…
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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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