Unfortunately, I wasn’t able to update about the trade , but I’m super happy to share that we finally got a win after a losing streak!
Looking at this now, I wish I set my TP much higher so I could’ve bagged more pips. But, a win is a win!
And I’m just glad I was able to grab a good number of pips with this trade. I hope you guys also had winning trades last week!
Helloooo! I’m back! The past few days have been kinda busy.
But, we have a holiday this week so I’m thinking I can also use that day to sit back and watch my charts while chilling in the beach.
Last week was a good week so I’m excited to try MA ribbons again this week! Good luck to us.
Let me grab my coffee before I check out my charts!
USDJPY looking extremely bearish on the hourly with this bearish crossover on my MA ribbons and RSI going dropping below 50. I’ll also check out how we’re looking on the higher timeframes.
What do you guys think?
The crossover doesn’t look as clear on the 4H and on the daily. But both RSIs have dropped below 50.
Right now, I’m thinking about getting on in a quick short trade and setting my TP around the 141.584 area. The signs are all there, but what’s stopping me from getting in on this trade is the thought that I just found it a bit too fast?
And since I did find it too fast, it seems too good to be true. But at the same time, I also don’t want to miss out on the pips I’d get if I open a position now.
I’ll wait until the close of the current candle before opening a trade! I guess I’ll check my EURUSD chart for now.
Hmmm. EURUSD seems to be ranging, but leaning towards the bullish side.
The RSI also went beyond 50 on the hourly chart.
Hmmm. It’s looking a bit more unclear on the 4H and daily charts.
I’m not even sure why I can’t seem to see the past candlesticks on my daily chart. I’m not sure if this is just a problem with my internet connection.
It seems as though the RSI is about to drop below 50 for this pair.
Even with the RSI beyond 50 on the hourly, this pair looks more ranging. I think there’s a clearer direction for the USDJPY pair.
I’m thinking of also checking TV trade ideas to see how people are interpreting this.
Back to my USDJPY pair, I’ve decided to open a quick short position and set my TP and SL around these areas. I’ll still be on for a couple more hours so I’ll also try to monitor this trade until before I go to bed!
Anyone else short on USDJPY?
Good luck to us this week!