Hi!
This is my analysis for today
Today I have lots of negative trades, while the total pip value is positive, the net cash value is negative because first trades are very small, as you can see here.
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[li]NZDJPY bias long. Closed at the previous resistance. That is a little scary! The candle is a small doji. I think Iām going to analyze other yen pairs to decide if move my stop or not.[/li][li]AUDJPY bias long. Closed down but the signals are not enough to make me move my stop[/li][li]USDJPY bias long. Closed green, opened with a gap up, not made any bearish pattern, but it is on a strong resistance, the 100 level. Not moving my stop.[/li][li]AUDUSD bias long. I made a typo on previous post, what it made is a double BOTTOM, not top.[/li][li]CADJPY bias long, the same as USDJPY. I want to see a break above the 100 level on USDJPY and above 99 level on CADJPY. If it makes it, I think the trade will go my way fast and furious.[/li][li]GBPJPY bias long, I placed a trade on Sundayās open. Made a new high, thats good for me. It is far from the next resistance and it is above previous resistance, now support, it should be tested once or twice to declare a winning support.[/li][li]NZDCAD bias long. is wondering where to go. Meanwhile the price is flirting with the S/R, the trend line is approaching. I think that, if the uptrend stays, in a couple of days the price will be near enough to the trend line to be rejected and make itās way up.[/li][li]AUDCAD bias long. Made a big drop yesterday, but has not been below the low of the pinbar that triggered my entry decision. Holding my stop where it is now.[/li][li]GBPCAD bias long. it is making what I see as a head and shoulders pattern, it s short term one, but enough to drop about 150 pips. My entry has not been triggered, so I donāt worry about it.[/li][li]AUDCHF bias long. Previous candle is inside / bearish harami, but for me it is not in a resistance, so it is not very meaning and Iām not moving my stop.[/li][li]NZDCHF bias long. It is showing some resistance but it managed to close above the level. It is hard to see what is going to happen next, but the current market structure shows higher low after a higher high, so this could be a continuation. Not changing anything.[/li][li]GBPNZD is becoming more and more attractive for long bias. Iām going to place my entry on close above previous resistance at 1.8372.[/li][li]GBPAUD bias long. Placing an entry order at 1.5168[/li][li]CADCHF bias short. Current price has been trending up for 3 days, so Iām feeling that this could be a reversal. Iām moving my stop barely above previous strong resistance level, adding at much 22 pips more risk.[/li][li]GBPCHF bias long. Any signal here.[/li][li]EURJPY,CHFJPY bias long. Waiting for my entry.[/li][li]EURAUD bias long. made a higher low, waiting to see if it can do a higher high![/li][li]EURGBP bias short. Strong support found. I need a break below current support![/li][li]GBPUSD bias long. Support is holding. It could be making a H&S pattern in 1H/4H time frame with a target of 60 pips to 1.5460, that is a good level of support. Will see, not doing anything.[/li][li]AUDNZD bias short. continued down! It is a pity that this beautiful trade has too little volume for me well, waiting to see what happens next, it made a new lower low, so I continue with my short here[/li][li]EURNZD bias long. It is showing some support at this level, will see in some days, maybe 2 or 3.[/li][li]USDCHF bias short. In a retracement. I have an entry on close below 0.9939.[/li][li]EURCAD bias long. Iām going to buy it at 1.3235[/li][li]NZDUSD bias long. Waiting to see if it follows my idea or reject it.[/li][li]USDCAD biasā¦ maybe long. Waiting for clearer signal. It is holding on the support, and very well could be bouncing on it to continue the previous uptrend, or maybe only bounce to a new lower high, only time will tell.[/li][li]EURUSD bias long. It is on the bottom of itās channel and it could be in the process of making a cypher harmonic pattern (ignore this if you donāt know about harmonics! Iām only trying to incorporate harmonic trading to price action). It is also on a lower time frame up trend line, if it closes below that line, it could drop up to 1.29, before bouncing, or it could be worse and become a bear trend.[/li][li]GOLD bias short. Currently in a range that has not been broken yet.[/li][/ul]
Based on correlation with other pairs, and with news for the AUD I think Iām going to stay where I am on NZDJPY. If the trade balance news from the AUD is good enough it could move the aussie up, and could make the yen down and the kiwi stay where it is. If the news are bad, the aussie could drop, pushing yen up and dragging the kiwi down, but only a little. The market expects a better value than previous report. Will see in a couple hours.
See you!