Daily Forex trading with Price action strategies, pivots,fibos & supply and demand zones - Continue

[robertrfx]

Hi Robert,


Very nice thread. So many valuable trades and analysis here. Will keep in touch.

Thanks for you good comments mate. Feel free to add anything here.

 

[robertrfx]

Next week is the last week of this month. Let see what we can do. Have a nice weekend everyone.

 

[Marketjoy Trader]

Can the current closing price be considered a break below this channel? Thank you for your contribution.

Nice channel on EU Daily chart. Seems like this area will hold for a while. However break below this area will open to minimum 1.3000.

View attachment 8420

 

[robertrfx]

Can the current closing price be considered a break below this channel? Thank you for your contribution.

Hello Ayoayo,

Sorry I was away yesterday and missed very good setups yesterday. Please check below analysis to get some idea.

 

[robertrfx]

Hello Ayoayo,

As you can see on this graph price failed to broke above the 200 ema and also the near resistance level at 1.3308. Bearish candles with upper wicks confirmed to reversal.


Channel broke with a large bearish candle which confirmed the 1.3000 level. Pending sell stop order below 1.3160 was a better option yesterday. However I also missed that.

 

[robertrfx]

EU Current Analysis

EU just broke below 200ema on daily TF. However Long picture still depicts that the pair in a uptrend. I am looking for safe long opportunities till 1.2985. Break below 1.2985 will open door to 1.29 - 1.28.

 

[robertrfx]

Took a small short trade in Gold with a small pin bar.

 

[robertrfx]

UJ rejected to break below 200ema with a nice long wick pinbar. However the candles followed by the pinbar still not confirmed the upside. However I am waiting to get a better short entry around 92.50 to ride this pair till 87.

 

[perryfx]

UJ rejected to break below 200ema with a nice long wick pinbar. However the candles followed by the pinbar still not confirmed the upside. However I am waiting to get a better short entry around 92.50 to ride this pair till 87.





View attachment 8446

Hope you are doing good, Most of the yen pairs in a strong bearish run and I alse have the same level on UJ to sell the rallies.

 

[perryfx]

Took a small short trade in Gold with a small pin bar.

View attachment 8445

Looks like Gold try to take stops with spikes.