MN SBR tested, potential for another buyer rejection.

6 Sep

When the 1st SBR tested, it shows strong rejection (bullish pinbar). Currently price are going below the Support level in W1 chart. Because of the buyer interest, also potential of fakeout related to pinbar, here is my idea to trade for current situation. I am not expecting to exit on HH, rather than from Low to High only. Still good RR.

6 Sep

Komentar

Stoploss are lower than Low price because pinbar has higher possibility for fakeout at High / Low price.

6 Sep

Komentar

I also use EURJPY to look for negative correlation with XAUUSD (Gold) pair. On my monitoring in M15, EURJPY can have strong negative correlation with Gold; if EURJPY Buy, then XAUUSD Sell.

17 Sep

Komentar

Now seems like there is upward movement. So I think its time to buy EURJPY and sell Gold.