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Sunday, November 26, 2017
Eur/jpy is the pair to taget for sells @132.90
Stop @133.20
Target first 132.00
Target second 131.50
Trade closed with +70 pips at 10:00 p.m. (GMT +5:30)
Eur/jpy is the pair to taget for sells @132.90
Target first 132.00
Target second 131.50
Forex signal for Eur/usd 27/11/2017 03:00 AM UTC
Target 1.1940
Target hit 1.1940 + 25 pips.trade close @ 2P.M (+5:30 GMT)
Forex trading signals for 27/11/2017 +2:30 GMT
Sell usd/cad @1.2722
stop 1.2738
target 1.2692
Target hit trade close at +30 pips 2P.M (+5:30 GMT)
wait for this cap to hold the price above 1.2680
Note :-- Price capped around this area bullish move from 1.2715 can extend for stop hunting but will be limited to 1.2730 and that is protective stops are around 1.2735
Target 1.2690 is set to the origin of up move and first engulf of price action zone.
Saturday, November 25, 2017
Euro usd might face rejection near 1.2036 Banks & institutions capped rallies & drops
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I would like to see more Price action to unfold if we see a test of 1.2040 as failure. Price really capped between two zones 1.1650 to 1.2040 & if get entries both ways then I would surely look to post an update.Price action zones and swings are very clear
Thursday, November 23, 2017
Forex patterns & principles to profit from Market
Tuesday, November 21, 2017
Understand the Forex market profile & its structure
For me, As a scalper m5 chart is as important as trading monthly chart. Trading in the zone tells the story that you need to be good enough to match synchronzation in between time frames. Monthly rejections or trend can set limits for weeks and even months but as there are mostly consolidation after big moves you need to fine tune lower time frames for better understanding.
Same can be said for hourly and m5 time frames and if you know where institutions and banks put their limit orders on then probably you don't need any other hint to trade in the zone.
One best thing you can do is to stay versatile and don't ever look to trade same pairs over a period of time as banks and institutions target different pairs everyday. If there is a strong sell-off seen in yen today, then probably they can target franc or canadian dollar as they don't ever put easy money on table.
As of 21st November, I've witness strong selling of franc after japanese yen buying seen on friday & Draghi drama on Monday, Markets have taken a breather and look to continue with different choice and manipulation can be seen in franc crosses specially in Gbp/chf.
If you understand the market profile & behavior and struggle with direction bias in Forex trading, then I would recommend you to leave the chart reading for few days & start looking to prepare notes on different market behaviours on different crosses.
Starting from Asian session to London close note down activity for couple of weeks on which pairs follow the trend that started on Asian and how many times you see market continue the trend on the following day
Leave you with the thoughts of.buying gbp/chf around 1.3140 and carry the trade till close and if you missed it somehow, then wait for new york trappers to try and reverse it at yesterday's high and buy the patterns after rejections or look for counter trade on other franc crosses.
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