On the 30th of May, 2013, I gave a mandate to short the USDJPY and I had the opportunity to short at 2 levels. One at 100.74 and the other at 101.00 which I posted on 01.06.2013. The target I gave was 99.93 and the second level target at 97.87. To refer to the old ...…
As mentioned in my post dated 30.05.2013, I was looking for a sell trade in USDJPY. I sold at 100.74 and 101.00. Price has closed below 100.66 and this move is following according to plan. I will follow my trading plan where my first target is 99.93 and second level target at 97.87. With the ...…
Based on my Outlook posting on AUDUSD on 30.05.2013, I was looking for a buy in AUDUSD. I took a trade at 0.9598 and when price went to 0.9690, I shifted my trade to plus one pip profit which simply means no matter what, the worse case scenario is an one pip profit. Price came ...…
From my last posting on the GBPUSD dated 30.05.2013 I mentioned that I was looking for a buy on the GBPUSD. I was not able to take the trade as the risk and reward was not feasible for me. Price did not pull back and went to hit 1.5216 which was given in my earlier ...…
The USDJPY finally found resistance at 103.04 and from there USDJPY suffered a 200 pips drop. Price then found support at the 101.02 level and has been trading at that level for 4 trading days. Recent price action has shown a potential bearish move coming. I would like to see today’s closing move for confirmation. ...…