[Read this trading setup: EURGBP] A quick update on EURGBP short position. Got stopped when the price hit the stop loss level on Monday. UK Prime Minister speech on Sunday brings a huge effect on what happened with the poundsterling in recent days. Advertisements

Price has broken through an interesting level on AUDCAD. As you can see on the picture below, AUDCAD move higher and push the price higher. The level that I talking about been respected several times in the past and now become the new support level on the daily chart.

I’ve been posted my position on EURGBP earlier on Twitter and Facebook. I will explain the reason behind my decision to go short on this pair.

Price on GBPJPY has moving downside at the moment, after formed a Pin Bar on December 12th, 2016. Yesterday, price broke through below the support level on daily chart. This level has been respected as support and resistance in recent times as you can see on the daily chart below. This support level now acts […]

[Read this trading setup: EURUSD] Yesterday price on EURUSD reach my 2nd target at 1.0350 and I managed to get 285 pips. The total profit that I booked from this short trade is 402 pips.

Driven by the Federal Reserve decision to raise their interest rate from 0.50% to 0.75% and hawkish comment from the Federal Reserve which plans to continue raising their interest rate in 2017, the US dollar rises again other currency, including the Australian dollar (AUD). 

[Read this trading setup: EURUSD] As I write this post, The Fed already raise their interest rate and price on EURUSD move lower. As I mention earlier in this blog, I was taking two (2) short trade at 1.0635 and targeting the 1.0518 and 1.0350. I was taking it because I see an obvious Bearish […]

Price had been moving higher since my last blog post on USDJPY (read here). Recently, price on USDJPY broke through another important resistance level on daily.