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EURJPY

BenAqiba Posted 30 June as Analysis on EUR/JPY, Target: 80, Date: 1st of August, 12:00 GMT  in #Technical analysis #EUR/JPY
It is always a great pleasure or me to look how liquid couples behave ,like EURJPY.Fluctuations are big.
I will start here with daily chart.
On the chart bellow you can see when the big money entered on the market.The market created too strong Piercing line pattern which is one on mine favorite patterns.That was the sign for me that Bulls wants to take control over the market.
Daily chart
On weekly chart the same patter was detected as pin bar, although with a small Bearish body. Usually I wai…
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USDJPY

BenAqiba Posted 30 June as Analysis on USD/JPY, Target: 80.0426, Date: 1st of August, 12:00 GMT  in #Technical analysis #USD/JPY
Monthly chart
I will start with Monthly time frame,we had here uptrend in previous structure,and the price is now in the symmetrical triangle.This could be the beginning o the wave three .
Weekly Chart
It seems that e have the same triangle on the Weekly time frame ,which give the more power in triangle.To enter in long position we can wait for resistance breakout.
Daily Chart
On Daily chart we have some little …
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BenAqiba 7 July

People often ask me does  some line is valid or not ,and I answer them "I don't know".Only the market have that power to answer to us on this question!

It seems that resistance line is valid on this pair,because the market failed to break above.
It is the candlestick below red arrow.Now I know  that line is valid!

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GBPCAD

BenAqiba Updated 1 July  in #Forex
This was one trade with higher risk because I usually waiting confirmation candlestick but this one was strong with shadow on the bottom side.But I entered because this setup is in the line with downtrend . After a while the setup moved into my direction
Picture 1
My second reason was weekly chart,because the price was bellow middle band and middle band could be strong sometimes.
Picture 2
The most important reason …
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Gold

BenAqiba Updated 30 June  in #Forex Ea
Double top is one of my favorite pattern,just because of one reason.It is strong pattern,and I made a lot of money with this pattern.
Picture 1
The reason behind is are simple.Humans. we all are looking in the same graph.Also some big players are not ready to allow to gold to go much more up an we just need to follow them.MY 1. target w 1:5 which is about on 261.8 level on Fibonacci scale.
Next target is about 1:10 which is on next Fibonacci level
One more reason is why I enter in this trade.Tha…
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It Is Easy To Trade On Forex

BenAqiba Updated 9 May  in #Forex #Trade #Pairs
As you can see from the title,trading on Forex market is easy if you have a good strategy and if you are loyal to her hole time.
I will show you some trades ,active trades.I have deleted only my size of position.They are still open , and I am in good profit.
I have take all pictures when I have write this article,which means in real time. Good luck
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BenAqiba 9 May

Also,here is my  real account statement !

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BenAqiba 16 May

Here is a one setup on EURUSD pair.I am using Bollinger band lines,and middle band is  20 day average price in 20 last days,which is 20 last closed candlesticks. I like trades around this band.As you can see from the chart,above read arrow Bullish candlestick has engulfed three last close candlesticks above middle band,which is for me  sign that Bulls will push the price higher.
My target is about 1:5 of my R:R.

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NZDCHF

BenAqiba Updated 18 Mar.  in #Trading #Forex #Currency
NZDCHF
I like to trade setups formed around support/resistance zone or level or even line.
Because even weak setup are much stronger below resistance zone.
From the chart above you can see how the market is react on resistance zone and it is formed two strong setups.
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BenAqiba 18 Mar.

First setup is formed below first red arrow and it is strong Bearish engulfing pattern,Second setup is not that strong but it is formed below valid resistance line which can negate all weakness of candlestick.

We have third setup on the same chart,and it is the setup when the candlestick is break support line,and retested her.

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BenAqiba 24 Mar.

As I said,the line ,the angle is shallow,and in that case the line in most cases is not trustable.
In this case,when the price is back and violet  broken line,I move that line from my chart .

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