Thread: Which pairs are you selling and why?

GbpUsd price is at the SNR level, awaiting for a Daily rejection for now closing. Enter a short entry.

XAUUSD has breached a support trendline I was watching about the tf and now I have entered a trade below it.

KP

The GU is just another pair I am monitoring for a trade that is sell. The technical structure is bearish but there's no momentum and atm sideways.

Trade thrive and safe.

KP

Originally Posted by ;

GbpUsd price is currently at the SNR level, looking forward for a Daily rejection for today closing. Already enter a brief entry.

I am holding a bearish technical bias on NZDUSD. The weekly and monthly tfs on the pair are all technically synced for a bearish disposition. Price action on the weekly tf is working in a wide horizontal channel (magenta colored in attached D1 chart) and disposed southward, possibly with bears being attracted to the channel support. A support trendline (black) has been breached by price action.

I might be wrong. Trade safe and prosper.

KP

I concur. I have a series on this trade just playing against a long term support/resistance area. I will remain alert.

AB

Originally Posted by ;

Trade protected. Going against the major trend will mean you do not linger in the market. KP quote

Shorting pound Jpy throughout the past ten minutes of the day as from here, 152.430 it is sure to go down for long enough before it can be expected to rise. I seldom get to take part in the actual struggles. Right before the end of the afternoon am here, things pick up as people try to find the pair a tiny bit higher so as to not enroll. And I just happen to be at the pc. I see wait until the last burst, and after that short. This should last for a few hours. Later in the week comes the crunch to get someone in this time zone and I'll be trading it with limit orders: occasion risk for pound late on Thursday night, and 4 AM Friday morning with Mark Carney's address. I think what I am doing here is currently paying attention to liquidity; by now I know early to mid Asia well. For me, it is 'boring' but it fits my needs and that I don't actually need to touch it, except to shut the commerce at profit before the real action starts much later.

GS, happy to learn that you're experiencing success. Looks like you are using a viable egy for your trading sessions.

Trade safe and prosper.

KP

Originally Posted by ;

Shorting pound Jpy during the past ten minutes of this day as of this, 152.430 it's sure to return for long before it could be expected to rise. I rarely if ever get to take part in the struggles. Right before the end of the day, 11 am here, things pick up as people attempt to get the pair just a little bit higher in order to not register. And I just happen to also be at the pc. I watch for a while, wait until the last burst, and after that short. This should continue for a few...

Keeping pound Jpy brief at 152.430 while a bit higher high was achieved in Asia. On the Weekly the 78.6 fib degree from a 144.959 reduced to the 156.600 high reaches 154.050 where I have many limit orders. Looking at my RSI 3, there appears to be a divergence on the Daily; price action is appearing to be slower increase and looks mashed down at the present time, however Asia can be misleading to rely on; nevertheless I am keeping the position because of curiosity and ability to deal with the size, that can be little. My preference of course is to sell greater; I'm still waiting for the opportunity and still think pound will slow up and has another autumn in shop until a greater. Perhaps Brexit will appear less No-exit then. . . .and my opinion is the fact that it is priced into the pound and will help it if it happens.

What happens round the 154.930/156.850 zone should be of interest to get a sell swing trade. The zone is bound by coloured lines in the chart.

Trade safe and prosper.

KP

Originally Posted by ;

Maintaining pound Jpy brief at 152.430 While a bit higher high was attained in Asia. On the Weekly the 78.6 fib level from a 144.959 reduced to the 156.600 high reaches 154.050 where I have several limit orders. Considering my RSI 3, there appears to be a divergence on the Daily; price action is looking to be slower increase and looks mashed down at the moment, however Asia can be deceptive to rely upon; nonetheless I'm keeping the position because of curiosity and capacity to deal with the size, which can be small. My preference of course would be to sell higher; I am...

We could observe a rejection on each week, Daily , H4 and H1 too . I shall hold my position that is short on GbpUsd.