Блог tdurai84

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Tdurai84 has published strategy MINMAX

simple price action strategy with the use of hourly, 15 mins and 5
mins price action. 5 mins time period is used for executing the orders
with comparison to higher time frames.
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Great opportunity to go Long EURJPY

Dear Friends,
I think this is going to be a good trade.
Here are the reasons that why I like this trade..
Euro Weighted average daily- Euro 0.47% is bearish but look at this Long term blue wedge . I think it should visit the upper band of the wedge and then continuation.
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Is there a possibility of going down 1.15000?


I think that it is difficult in the short term.
Because there are MPP (S1) 1.15111 and YPP (P) 1.14786 near 1.15000.
Although We can see a state of attacking 1.15000 in May and June, it was impossible to touch.
It seems that the barrier is still thick.
However, it is a position that can not be denied that there is a possibility of going down under 1.05000 by political or social factors.
Furthermore, if it goes, it will be a big chance that space will continue to 1.05000.
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USD/JPY Technical analysis


From our analysis, It seems the pair attempts to breach its long term resistance repeatedly and is finally a D candle closed above 4/1 Gann Fan resistance. we expect the pair might reach new higher highs after this and would reach the expected target.
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EURJPY short, price action

EURJPY broke a 1 month+ old bullish trendline and support level , can be sold. On the H4 last hour closed with a Bearish Outside Reversal Bar pattern, indicating break of the 131.6 support. Support also is on the .5 fibonacci level, I'll be targeting the .5 fib level for TP. MACD and RSI indicating overbought, also crossing VWAP downward on the H1.
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EURUSD has made a major breakout, prepare for a drop

EURUSD has finally broken a very strong support level , opening a potentially mega drop from here.
Sell below 1.2223. Stop loss at 1.2371. Take profit at 1.1940.
Reason for the trading strategy (technically):
Price has finally broken a major support level at 1.2223 ( Fibonacci retracement , horizontal swing low support) after breaking our long term ascending support-turned-resistance line. This has triggered a strong bearish exit from here that is likely to push price down towards 1.1940 support…
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Expecting next USDJPY drop

Expecting next drop of USDJPY to next major support which is around 108. Price action on short time frame is showing signs of getting near resistance and signs of consistent swelling pressure and intermittent buying pressure, a recipe for a price fall.
To build up your position it's important to wait until a clear strong trend has developed, so look for a series of lower highs and look at volume for large speculators to jump in. You can test the strength of the trend with small trades of for exa…
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USDJPY SELL SETUP

Head and shoulders pattern on the daily chart with double bottom on the right shoulder.
Trade triggers with pending order (sell stop) at (112.05).
Stop loss 20 pips above yesterday's closing price (112.465).
If it doesn't reach the entry price the order is cancelled.
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AUDCAD Buy Setup

AUDCAD is seeing major support above our 0.9782 zone ( Fibonacci retracement , Fibonacci extension , horizontal overlap support) and a strong bounce could occur above this level to push price up to major resistance at 0.9876 ( Fibonacci extension , horizontal swing high resistance). We are seeing intermediate resistance with our descending resistance line and price would need to break past that level to gain furtherbullish momentum.
Stochastic (34,5,3) is seeing major support above 1.7% support …
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EURSEK BUY SETUP

Traders, we have a set up on EUR/SEK on the 3H chart, with a cycle pattern buy. (Three drivers pattern).
When analyzing this chart, I discovered that price appears to be moving in patterns. Price has an impulse leg, and then has a corrective leg, and then has a new impulse leg that measures the same size as the previous one.
When analyzing the chart, I started by measuring the first impulse, I discovered that the price correction seemed to hit a Fibonacci retracement , there was a new impulse le…
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