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Thursday, February 25, 2016

USDJPY EURUSD & EURAUD Forex Trading Technical Analysis

EURUSD

  • Monthly - Consolidation -  looks like Bearish trend continuation
  • Weekly - Consolidation - expecting trend reversal from bearish to Bullish
  • Daily - At the trend line support Pin Bar, expecting bullish trend to shown support level & stop loss would be  1.9550
  • Below level of 1.9550 it will be downtrend  


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After 2 days



     EURUSD Didn't went as per plan - I came out on H4 Chart as below

H4 chart it formed rising wage patter & I was expecting it go bullish but didn't happen so... :(  Came out of trade --





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 USDJPY

  • Monthly - Bearish Trend
  • Weekly - Bearish, resting at 1st support level
  • Daily - Pin Bar rejection to previous level
  • Expecting up trend till the shown level 115.90 stop loss is @ 111.00
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USDJPY Trade is still open it is going as Per Plan

For those who are in the trade - Trade is still open and showing a strong retrace move till 116.30

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EURAUD

  • Monthly  - Consolidation, looks like resistance to the bullish trend and looking for strong reversal pattern
  • Weekly -  from the current scenario looks like it will form double top 
  • Daily - retrace move, it will test the level 1.55 & then possibility is for bearish continuation 
  • H4 - Bullish Channel 
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FxTradingForLiving

On Friday after consolidation near support level it has formed bullish pattern for Daily Traders - So as of now this pair is not of my interest --




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