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CADJPY


CADJPY is nicely retracing after hitting 4hour 200EMA. I missed this trade and not planning to jump in now as the possibility is high for a retrace back to 4H 200EMA and may be break it to upside. Waiting for another opportunity in this pair.
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Sach999 has taken 18th place in Trader Contest Dec 2017

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USDZAR broke weekly EMA

As we can clearly see from the picture, the USDZAR pair is continuing it's down trend and now it has clearly broken the weekly 200 EMA. I was planning to enter into a short trade but missed the optimal point to enter. Now waiting for a retrace towards the weekly 200 EMA (Or at least the 15Min EMA) to enter into a short trade.
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CADJPY Bounced off

CADJPY bounced off nicely from 15Min 200EMA. At the moment the pair is trading above all the major 200EMAs, i.e 1Month, 1Week, 4H and 1 Hour EMAs. Therefore the upside momentum is very high. Since it's Christmas today, expecting a bullish movement tomorrow.
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USDJPY hesitant to go up

Entered into a long position on USDJPY pair. The pair is trading above 15Min, 5 Min and 1Min 200 EMAs. But it is also hesitant to go up. Hoping for an eventually rally up today or in the first few days of the next week.
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USDZAR found support

USDZAR found support at Daily 200EMA. At the moment it's not perfectly clear whether the pair would respect the 200 Daily EMA support or not, but the possibility is higher for the pair to rally up. Last time the pair hit 200 Daily EMA in June and bounced back up nicely. Hoping for the same result this time as well.
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GBPAUD falling


Just like expected yesterday, GBPAUD fell back below 4H 200EMA in the very next candle after penetrating the said EMA. The 5Min chart is proof that the pair is struggling to rally back up and it is getting rejected at 4H EMA. Expecting to drop further down.
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GBPAUD Rallies


Expected resistance for GBPAUD at the 4H 200EMA but it was broken as the pair rallied unexpectedly in the New York session. Still there is a chance for the pair to drop back below the 200EMA in the next candle. The overall trend is anyway downwards as the pair found resistance at weekly 200EMA.
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