"I do it for a while and that should be the last update of trade setup for this month. Because feeling very stress and tired after back to back day night updates of the charts".
All the updates of the charts I posted during last week.
Let's take it one by one with the charts I posted last Week !!
First of all take a look at the chart Eur/usd
The chart of euro I posted last week and I told you when price fall of a strong trend, and the follow through does not seems encouraging then price use to find a first bottom and reaction from that bottom is quick enough to give you Idea of the "context" and that time it was correctional bottom and break out "Area of Protection" and finally It become a rotation center and that rally today had a good strong solid breakout to test at-least 1.3890 area.
Reaction time was minimal so we should have been ready with limit buy orders to pick such strong strengths and get out quickly if momentum fades out.
Secondly, take look at the chart Eur/CAD !!
I post that chart as My favourable chart of the week last week as I fetch good pips with a trade and that rally from the balance area was bouncing so strongly and finally it give another entry today at 1.5270 and ready to cover quickly or book some profits or take that momentum till the end of the day.
Next one of real interest is Eur/Nzd
Eur/nzd set up was strong and that setup had strong accumulation area and then breakout which did not had a follow through but downside rally was very slow and keep bouncing out of a new low on hourly and create another opportunity for balance market to get through that protection area strongly and If that type of momentum had to fade out then they should have reason of failure, otherwise you should keep buying on shorter-time frames.
Here is the update gbp/chf
Suddenly, a strong pair to watch as It is still not confirmed that trend is matured trend and ready to reverse on medium term. "Strong" rally after the top is seen, but that protection area giving support to the pair regularly, and Now it would interesting to watch how shorts follows up. I would remain short with small stops and if I am stop out then I would look at the bullish bar that reverse from here, And If it was another liquidate trap then it give us better opportunity to short at higher prices.
Eur/jpy trade update
The setup I mentioned, last Friday worked very nicely although there was a new low found but it was for a very short period but reading the context and taking low risk reward opportunity, should be the plan and when You read the complete chart and logic then you would found it useful to enter as I have found price "breaking the floor" and all the liquidate bullish engulfing trap succeed and Place a new low.
Price rebound, but rally from that low was fading so I expected a new low and that what it did. Though, I had to cover quickly as bullish engulfing from low was about to test the area again, though book the profit at 141.16
