Updates on trades taken in July

GBPJPY Long: Trade in play.

GBPJPY Short: Trade in play. Price currently at 172.501, and looks all set to hit 172.288 target level, moving stops to BE. New long positions from here will add more strength to the previous long trade idea posted.

NZDUSD Short: Trade closed. Entry was at 0.8698 with a profit of 208 Pips and this was a few hours before the RBNZ interest rate hike release.

NZDUSD - Short Trade Result

There was also a short on NZDJPY targeting 86.9 selling at 88.4, this gave a very decent 1.5 Pips (or about 150 pips).

EURCAD Short: Trade waiting to be triggered.

EURUSD: Price has started its rally so waiting for the short orders to be triggered.

GBPAUD: Trade is continuing to play out. Will make a fresh update on this.

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GBPJPY - Short Term high probability trade

Short GBPJPY at market, targeting 172.288. Add a new long position at the target, to exit at 174.788. This is in addition to my previous GBPJPY trade posted here.

In other news, NZDUSD moved like a stallion as expected. 0.858 isn't too far away. There was also a good shorting opportunity on NZDJPY, targeting 86.9. But it would be a bit too late to sell now, unless there is a significant pullback.

Sorry no charts on these posts.

GBPJPY Long. Trade of the month

I'd put this GBPJPY trade into my 'trade of the month' category. With price breaking out of an ascending triangle and currently retracing the breakout level of 172.788, the upside target is 180.788.

GBPJPY - Renko Trade Idea

The stops for this long position comes in at 170.288. Mind you, this trade will take months to be cleared, so unless you have patience, do not even think about this trade. Its one of those 'set it and forget it' trade ideas.

GBPJPY - Inverse H&S with Asccending Triangle

In this chart, the inverse head and shoulders hints to a continuation pattern combined along with an ascending triangle just to the right shoulder.

GBPJPY - Inverse H&S + Ascending Triangle

From the chart, with the ascending triangle, the target comes in at 175.368 with stops at 168.94 followed by the larger H&S target of 179.45.

A pending buy order at 172.1 or 171.288 could be ideal.

GBPJPY - Trade Idea, 14/04

Pound Yen seems to be at a cross-roads with no clear direction at the moment. The chart with notes present a short and long opportunity. Patience is key!!

GBPJPY - Trade Idea, 14/04