Profit Taking On EurGbp


The above Chart(MT4) is an update of the price achieved for EurGbp Which was Shared on 22 Feb 2017 https://tradesnprofits.com/2017/02/22/view-on-eurgbp-on-weekly-time-frame/. Today, exactly 2 weeks later we have achieved our profit target level with approx 300% return. 59 more words

Trade Ideas

NZD/CAD and AUD/JPY Seen Uptrend

Plotted MA 20 50 and 100 on weekly for NZDCAD and daily on AudJpy. Bullish trend and price playing slightly above support level, taking this trade and targeting about 250% return on risk. 39 more words

Trade Ideas

Breakdown of AUD

(Photo Credit: http://kingofwallpapers.com/australian-dollar/australian-dollar-005.jpg)

Today was the day many traders were waiting for, including myself.

AUD/USD finally broke out to the downside (mentioned in “There is a time to go long. 55 more words

"There is a time to go long. There is a time to go short. And there is a time to go fishing." - Jesse Livermore

Markets currently still unwilling to move; lots of indecision trading – possibly awaiting Trump’s speech at 10:00AM Singapore time.

Meanwhile, AUD is still on track to crumble – can see the cracks appearing in both AUD/USD and AUD/JPY. 52 more words

Yen Pairs Update

Over the last couple of days, we have seen some volatility on most of yen pairs. Our trades on ChfJpy and EurJpy managed to achieve at least 200%. 40 more words

Trade Ideas

AUD/JPY poised for a bullish breakout

Price action since mid-January

The cross has been restricted to a 200-pip range of 85.00-87.00. The 50-DMA has acted as a strong support since January 31. 264 more words


AUDJPY: Towards Bottom of Major Sideways Consolidation, 2nd wave Retracement in Progress

We have both the bigger timeframe and the smaller timeframe pointing to the same direction which is downwards.

The D1 chart is showing major sideways consolidation and the price is falling from the top towards the bottom while the H1 chart has shown a new downtrend and the price has already begun its retracement. 29 more words