I normally dont trade this pair but yesterday while studying charts I saw a shorting opportunity and took a small position, was surprise to see a 200 pip move. Closed the trade at 100EMA support. Will look at this pair from here on.
Anyone else trade this pair?
EJ looks like a good buy anywhere between 123.70-124.20 coz of fib level and support line. will keep a close eye on this one. Anyone share same thoughts?
Looking at PA I added short on GJ at 142.66 near the 100 EMA on Hourly chart, targeting 141.70 area.
On longer term if 141.50 is broken then 139.90 is next and may be 137 based on fib calculation but that will take time.
Closed my shorts, was worried of surprise upward movement like yesterday. If it breaks 141.50 will add again.
Nzd/Usd
Short term trade-setup
Eur/Usd
Good Night
As mentioned yesterday 123.70 was a good buy area , I am long from 123.72 targeting 124.60-70 area 124.80 is EMA100 resistance on H4.
142.40 to 142.70 will be good area to short GJ with stops around 143.00.
Closed EJ longs at 124.62 at 90 pips in profit. Looking for another trade setup.
Shorted at 142.52 targeting 141.10 for 1st target. Tentative SL is 142.90
Good chart your target was almost reached.
Ok so yesterdays shorts got stopped out. Still +ve for week, no trades today.
See u all next week.
I have short on GJ from 143.55 and EJ from 127.20, not sure abt targets for now but will update as we move.
Closed both the shorts, GJ at 142.30 for 125 pips total and EJ at 126.00 for 120 pips. It recovered fridays loss plus gave big profit. Hope to get more such good trades this week.
Just shorted EJ at 126.87 SL is if the price opens above the resistance line on 1H chart max 30 pips.
126.30 area is 1st target and 125.30 is next.
Gj also looks good short in this region 143.30 to 143.45. SL is around 143.75.
1st Target 142.50 area, if that breaks, we have 141.10 area.
Closed both shorts, price open above resis line on H1 chart. For GJ it looks like it is targeting 144.35. Will see.
Shorted GJ from 144.35. If EJ open below 127.18 at noon then i think it will be a good short too.
Ok so yesterday closed both Shorts for 100 pips in profit. Did not stoppeed out GJ even it touched 145 as volume was extremely low.
Took another short today at 144.35 again based on fib level. Hopefully will be another successful trade.
