₦airaland Forum

EURUSD VERDICT
RETEST OF BROKEN SUPPORT
NEW RESISTANCE ZONE
Im expecting price to form a new low
im expecting price to retest the newly formed resistance so as to have a low sl

EURJPY VERDICT
SUPPORT ZONE
RETEST OF BROKEN SUPPORT
RETEST OF BROKEN TRENDLINE
RETEST OF BROKEN NECKLINE OF W FORMATION

There are 2 support zone on this and price has turned after testing the support zone the second time and for those of us who did not get in at the first turning point with my view of things i think price is giving out a second chance to catch the buy

100 pip is my target on this

there suppose to be a regulatory body monitoring all this men in black
there is nod discipline in the force anymore
they act like we are still in the medieval ages

rip
i can relate bro
it isn't easy to move on for some
it takes God intervention to be normal for those whose heart were broken

kasala don burst
this protest isn't about sars anymore it has escalated
the story will change from now to #ENDCORRUPTION
we are in for a revolution
now u will see graduate carrying placard around shouting
#ENDUNEMPLOYMENT
the north will also protest about there state of insecurity
it will now be each region protesting for what is affecting them
we are in for a whole lot of saga in the coming week
i know this protest isn't ending any time from now
i wonder what will be going through the mind of buhari right now

the cameramen in the first picture kinda makes me laugh hard
their facial expression

saxy4c:
Brother, you have done all the work with your charting. Are you now ready to put your money where your eyes are

the sl is too wide
30 pips sl is too tight on it and i dont want to risk much
had to show u so as to have a 2nd opinion

saxy4c:
Reentry on Cable given 4R. Covered initial 1R loss and likely to hit at least 20R with this setup. All the best to us.

Boss this is what i'm seeing on the gbpjpy
Bullish divergence
support zone
extended W
trendline

na dangote trailer go destroy all the tree with yeye accident

forendals:
i have said that i love your analysis and setups but remove emotional words from your explanation. i'm short on this too but am not hoping it goes my way, i just want a result in the shortest possible time. SL or profits fullstop

okay bro thanks
i will take heed of the correction

Mrbillionaire:
Seconded selling too SL above the trendline

hidden divergence is even there
i hope it goes well cos all it is showing is sell

VERDICT:
resistance point
retest of broken support
Trendline resistance
price rejection
im watching how the zone will play out
ive entered
hoping it goes well and if it goes wrong
there is always another time

fortz007:
Yes

okay thanks bro

forendals:
currently eye EURCAD for a possible buy up to the broken level.
1st pics D1: seems to find support at support way back in july.
2nd pics H4: broken leve, price looks to go there for a possible retest

i dont think buyers are ready yet with the way the pair is doing bro

im selling EUR/GBP

forendals:
you are not lucky, leave the idea you are lucky else you get used to putting luck in front of trading.

take it as a result of what you did not luck

Thanks man

EURJPY
AUDCAD
GBPUSD
AUDJPY
they all went well and still going well
i think im lucky they went the way i stated cos im still a learner for this trading of a thing
i no know anything
i did not enter the GBPCHF cos the trade was giving me confusion
i wont be posting result so as not to be derailing the thread and loading it with unnecessary trade result
i will only be posting the trade before i enter and if there is any error or any reason that will make the trade not go as stated, all the bosses in the building will call me to attention asap

all the trade i posted yesterday are all in profit but some are giving me hbp
i will have to close some of it...
im still a learner i dont have the heart to hold trade like my boss saxy4c
the usdcad i posted last week is still crashing down but closed it at 70 pips and as it mean i held i will still be picking pips but i know with time i willget there

i'm looking at this pair
all my bias is indicating sell
i suppose to enter at the close of that bullish candle so as to use 20-25 pip sl but missed it
the volume didnt validate the close of the two bullish candle
im hoping the price will reverse from that point or move further up to retest again so as to form a double top or na M formation dem dey call am

price closed as a rejection as stated on the GBPUSD and we are going to definitely see a reaction at 1.29905 if price get there but im hoping it breaks the channel and move downward

WallStreetfx:
I think it is retracing because USd is very weak but I may be wrong

i saw this so had to post it maybe someone trading the daily time frame can see what im seeing
the sell will only be invalidated if it takes out or close at 0.67647

bird dey enter our house got trapped many times

Mrbillionaire:
Take a look at the daily timeframe, there was a rejection down there and is wave 2 and we are currently riding the third wave which is expected to shatter 1895.

thanks bro but the thing still looks somehow to me maybe i will have to sit it out and observe how it will break it and by so doing learn some thing

Mrbillionaire:
it's broken out 27 pips already

it closed outta it but the price rejection is a problem

i was thinking if it will break out of the triangle and take out the 1.18871 or close at the same level but instead only rejected that point
now the way im anticipating it, it is either it closed at the .18871 to validate my buy option or it moves to close inside the triangle again
i think i will sit it out for now cos it seems more like a 50/50 chance to me right now
whats ur opinion bro

Mrbillionaire:
it's broken out 27 pips already

yeah bro but i will wait till price close at 6 cos the first bullish candle close with a high volume and low price and with the way im seeing it,it may be a rejection tryna form cos the first bull candle closing as an invalid candle may be a trap
i will be buying by 6 if it happens it close above it

abi which kind kasala be this shey dem never end sars ni
na policebrutality they should be protesting against

NZDUSD sell will give a good RRR for those who trade the daily TF

Mrbillionaire:
I I were to draw it, it is a symmetrical triangle and it could break either sided. I think it will break out to the north. TP 1935 buy 1854

symmetrical triangle is differ from ascend and descent. note

my bad i mean symmetrical triangle
wasnt aware i wrote ascending triangle
anywhere it breaks i will be waiting for it to do break out

looking at this GBPCHF there is a symmetrical triangle in there in which it is still playing inside the triangle
i use to think that since it is an ascending symmetrical triangle it will be breaking up and if it is a descending symmetrical triangle it will be breaking down based on what i read in books but i later realize that both the ascending symmetrical triangle and the descending symmetrical triangle can break anywhere they like
and another way i use to assume where the triangle will break is to know the side receiving the pressure
looking at this chart i realized that it is likely to break downward based on the fact the downward trend line is the side receiving the pressure though it is an ascending triangle
how is it receiving the pressure?
the price broke out of the triangle and some traders would have added position thinking the downward movement will continue but the price turned back and came to close as a price rejection which would have taken out there stops and by closing as a price rejection reading meaning to it means that sellers try to push the market out but met a resistance by the buyer who pushed it back up
The sellers will go backup to add more fire power so as to break out of that zone and the more the pressure the more the buyers become weak and later give in to the sellers.
either way the price will break it must invalidate the lower high and higher low on the chart
please im posting this so as to checkmate what I've learnt for some time and keeping a diary for myself
abeg im in for correction
If the price did not go as stated dont use me laugh oo cos im still a learner
im targeting 130 pips on this after break out

WallStreetfx:
We don't mind sir as long we can learn

bro im just a learner,learning from all the bosses here.