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Sunday, February 28, 2016

The promising Signal I am looking for is GBPNZD bullish engulfing

GBPNZD 


  • Monthly - Bearish move Now testing the support line of monthly ascending triangle
  • Weekly - Bearish Candle formed after last Monday break out.  
  • Daily -  Bullish Engulfing & I am expecting it will sustain the bullish trend for reasonable time as depicted in the image below
  • H4 - Bullish Engulfing covering last 5-6 candles I am expecting continuation of bullish trend or ELSE reversal if it goes below the daily close of Friday - Lets see :) 


GBP NZD -> 



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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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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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Thursday, February 18, 2016

Fwd: [Forex Trading For Living] GBP_USD 17-feb-2016 Doulbe bottom & Head and shoulder pattern



---------- Forwarded message ----------
From: Blogger <no-reply@blogger.com>
Date: Thu, Feb 18, 2016 at 8:03 AM
Subject: [Forex Trading For Living] GBP_USD 17-feb-2016 Doulbe bottom & Head and shoulder pattern
To: avinashsawant@gmail.com



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--
Posted By Blogger to Forex Trading For Living at 2/18/2016 08:03:00 AM

Fwd: [Forex Trading For Living] USDJPY 18-Feb-2015 Cotninuation of USD downtrend after Fomc news





---------- Forwarded message ----------
From: Blogger <no-reply@blogger.com>
Date: Thu, Feb 18, 2016 at 8:05 AM
Subject: [Forex Trading For Living] USDJPY 18-Feb-2015 Cotninuation of USD downtrend after Fomc news
To: avinashsawant@gmail.com


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Changed the order Run time  with a loss of -15$ because

-> Daily Time frame it is bullish trend
-> H4 it is pin bar found at exactly 61% retrace move
-> H1 it is also going bullish
-> So decided instead of understanding what FOMC is saying its better to understand what chart is saying. (don't have gut feelings just understand what market it and follow the trend)
-> So changed the sell To Buy at Run time.. let's see how it goes..
-> Best Wishes to you All !!


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--
Posted By Blogger to Forex Trading For Living at 2/18/2016 08:05:00 AM

USDJPY 18-Feb-2015 Cotninuation of USD downtrend after Fomc news

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GBP_USD 17-feb-2016 Doulbe bottom & Head and shoulder pattern


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We Are Happy To Help You making Money #FxTradingForLiving