₦airaland Forum

The week is closing on a good note. I remember saying something about EA last week or thereabout. Well we've arrive at the point.. we have a confluence on which we can make bias with the price approaching the multi year trendline and weekly support at . 5337 I'll be watching to go long when the 4hr candle has given "green light" otherwise we see if the trend holds.

Karleb:
The red candle is already forming shadows, with what I'm seeing now the pair might buy.

You think it'll get to .87? Wow! Let's see.

What's your take on GBPJPY and GBPUSD, do you think they are approaching resistants?

Frankly, I don't trade GU but almost at the end of last week, GJ broke a weekly downtrend line... So I think an overall bias may be bullish infact some Japanese pairs on my Outlook were were supposed to be bullish this week.... Cadjpy, UJ, AJ, GJ... But I usually take Mondays off.. so I'll see their performance today before any further analysis

Karleb:
Traders, what's your view on selling this pair?

I don't think you should sell yet, it could be retesting an interesting area of resistance... I think it may yet approach the . 87** area... I could be wrong but I'm not taking any trade today

The week has been wonderful;

-The AUD/NZD went as projected though i didn't follow through completely due to emotional judgement (remains a work in progress)

-The EA still remains at a decisive area

My Outlook for next week remains on the AUD pairs, cadjpy and GJ and UJ

Shout out to the bosses in the house, y'all have great influence on the way I view the charts, though two months old I'm sure it will only get better

I may think this pair will be bullish next week

Karleb:
What Timeframe are you on?

1hr and 4hr tfs

Karleb:
If you really study the patterns you'd have studied the exit and entry point as well.
They teach everything together.

Ah...I guess the spreads maybe the factors. Thank you

Please bosses in the house help me here;

I've been training my eyes to spot patterns on the charts and I've been making progress but my setback has been on entering the trade after analysis, some times I enter too early and sometimes I'm just too late.

How do you do it?

highcurrent:
EA possible long setup at 5600 zone.

Exactly boss. short term could buy to the trendline but long term could wait for the break

The EU/AUD pair seems to be approaching a decisive point. Having been on an uptrend since 2012, a break in the daily trendline may be a confirmation to continue the trend. A very profitable trade for whoever trades live..make I continue to dey add to my two month old newbie experience �

I see a possible HNS before rally to the green lines above

I believe the pair to be making a retest in the 30 mins and 1hr tfs...I hope my limit order to be in the right spot

blackman007:
Its a strong bearish Market, I can bet one of my Balls bro, but I think it will play with trader's emotion before it finally nosedives...

I think to the contrary sir.. I see all AUD pairs trending upwards lately and given that the pair looks to be obeying an uptrend since March of last year with the last candle expressing rejection I think it will go up yet. I stand humbly corrected though, here to learn from you bosses

charly20:
I'd love the idea of going long on this pair...

No confirmation to go long today unfortunately, but if the day closes with the bullish engulfing candle I see at the daily tf already and a break in the trendline in the 4hr tf, I'll buy the pair

I'd love the idea of going long on this pair...