Keep on selling USD/JPY; This time 79.60

USD/JPY Daily

This cross has just too much pressure to the downside. The massive line which could mean upside potential is 85.00. Current 2 Sell positions are at 79.60, resistance and doji candle are the reasons. TP and contemplation of Buy orders waiting at 78.25. Price below 76.00 - risk for further downside.

Selling EUR/USD on the bounce at 1.3100

EUR/USD Daily

It is obviously clear that EUR/USD is under the pressure for months. Besides, no positive signs on the fundamentals. Opened 2 Sell positions at resistance at 1.3100, falling star (black arrow). How we can see, had some movement up, but now falling down for the 5 straight days. TP1 - 200 pips, TP2 - 1.2600.

Open Sell positions on USD/CHF; Managing losses (Done)

USD/CHF Daily

Here is our current view on USD/CHF Daily chart. As you can see, we have 4 Sell positions and obviously in a loss and now trying to manage it as better as we can. Last post about USD/CHF here where we opened first two positions at 0.8900. Cross went straight upwards but we did not closed on loss.

Why Forex is being traded and is so popular? Great for those passionate about Business

Why Forex trading is so popular around the world? There is no owner of the Forex. It did get popular by himself. It attracts potencial traders and investors for high profit possibilities. Besides, it carries a high level of risk. However, Forex is very attractive for home-based workers, small speculators, investors with a business degree background, investment funds, financial institutions.

Sell signal on USD/CHF around 0.8900

USD/CHF Daily

Been a long time we had no positions, the last one was on USD/CAD, where we banked +585 pips. Daily chart of USD/CHF formed some kind a head & shoulder formation and broke down the neckline. We hold some Sell Limits at 0.8897 at previous support, possible resistance. Process will be updated.

EUR/JPY Short trade at 106.95

EUR/JPY Daily

Short trade at 106.95 with Stop Loss at 107.45 (50 pips) and Take Profit at 105.05 (190 pips). R:R - 1:4. Trade based on previous strong support of 107.00 handle, 61.8% Fibo retracement near this level at 107.24. Plus, approaching falling trendline. Some Short orders could be expected near 108.00 too.
Update: SL moved to BE, TP removed.
Update: SL hit. Should have close half on some profit.

Short trade on USD/CAD from 1.0613

USD/CAD Weekly

This trade was opened last week on Tuesday (4 of October). Had a busy week, so publishing this trade just now, but who wouldn't agree that to manage the trade is as important as to open it. Trade based on overbought conditions, resistance and supposed bearish channel on weekly chart.