Hi
In order to disiplen my self , and also so that others can perphaps benefit from my analysis I will attempt to post my trades every day by about 1-2 AM EST with corrections No later than 4 AM EST.
Euro/USD:
Buy @ 1.1863
SL @ 1.1835
Target @ 1.1917
Reason, :
On the daily chart:
See a positive Divergence on the daily chart on MACD. Price very close to a Trnd line support level of 1.1852
On the hourly chart
We have a down trend, however the Down trend trendline resistance is at about 1.1920 at the momnt, Hence I would like to exit before a break / bounce of the trend line.
If it breaks the TD resistance will attempt to go long again, If its a bounce will attempt to go short.
On the 15 Mint chart
We have Macd Poistive divergence.
Euro/JPY
Buy @ 139.68
SL @ 139.19
Target @ 140.35
Based on :
TD break on the hour chart
+ Macd Div on 15 mint
TD break on 15 mint.
Entry is based on retest of the broken trendline, which should now act like support.
SL is based on 10 pips below the next piviot point
Target is based on Trend line break price projection .
USD/JPY
Sell @ 117.80
SL 118.21
Target 117.08
Reason:
Very near a restant point on the daily chart
Double top on the hourly and the 15 mit chart.
entry of 117.80 will be at the (3) point when the price will attempt to make a 1-2-3 top after a double top.
In order to disiplen my self , and also so that others can perphaps benefit from my analysis I will attempt to post my trades every day by about 1-2 AM EST with corrections No later than 4 AM EST.
Euro/USD:
Buy @ 1.1863
SL @ 1.1835
Target @ 1.1917
Reason, :
On the daily chart:
See a positive Divergence on the daily chart on MACD. Price very close to a Trnd line support level of 1.1852
On the hourly chart
We have a down trend, however the Down trend trendline resistance is at about 1.1920 at the momnt, Hence I would like to exit before a break / bounce of the trend line.
If it breaks the TD resistance will attempt to go long again, If its a bounce will attempt to go short.
On the 15 Mint chart
We have Macd Poistive divergence.
Euro/JPY
Buy @ 139.68
SL @ 139.19
Target @ 140.35
Based on :
TD break on the hour chart
+ Macd Div on 15 mint
TD break on 15 mint.
Entry is based on retest of the broken trendline, which should now act like support.
SL is based on 10 pips below the next piviot point
Target is based on Trend line break price projection .
USD/JPY
Sell @ 117.80
SL 118.21
Target 117.08
Reason:
Very near a restant point on the daily chart
Double top on the hourly and the 15 mit chart.
entry of 117.80 will be at the (3) point when the price will attempt to make a 1-2-3 top after a double top.