Midweek Analysis – USDJPY, NZDJPY & Major Forex100 Announcements

Hi Everyone,

Just wanted to make sure that you caught my last post on how & when to stretch your trading targets. If you missed it, CLICK HERE, to read it.  It worked out perfectly on the USDJPY trade. Let’s have a look at the charts to see how it turned out.

What happened? you might be wondering.  We were short the USDJPY after a formation of a bearish Bar Pattern. Placed a stretched target to take profit at the completion of the bullish Gartley and it closed with 130pips profits. The Bullish Gartley too generated a nice profit of +85pips at TP2. Now We are holding a short position at the completion of the Deep Gartley pattern. Closed half this position as it hit TP1 again (+44pips).  So far it has been an amazing ride for us.

 

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More trade ideas on the USDJPY.  If this pair goes back to up test the bearish Deep Gartley pattern, it gives us another opportunity to take a short trade.  If this plays out as our trade plan,  USDJPY could easily be a candidate for our favourite “Trade of the Year”. Let’s track this closely together.

Potential Bat Pattern on the NZDJPY H1 : For those who just learn the Bat pattern from me during the 3hr Workshop, you should easily be able to spot this pattern. Measure correctly and get your sell zone plotted out on the charts. This might be a trade for the end of the week or maybe even next week.


ANNOUNCEMENTS :

Trade Ideas LIVE in HCM, Vietnam

We at Forex100 Academy are going places.  In our new collaboration with our major sponsor FxPro, we will be heading to Ho Chi Minh to run our amazing new program “Trade Ideas LIVE”. A 12-hr program where you will be learning and trading with us the whole entire time.

Be fresh, be ready to absorb the knowledge and open yourself to our guidance.  You can register via the LINK HERE.

 

 

Next workshop in Singapore – (Become a Profitable trader in 23days)

This is a 3hr-Classroom workshop in Singapore where we will show you the dos and don’ts in trading and how you can be developed into a profitable trader even if you do not have any financial background.

Date & Time : 17th Sept 2018 (7pm-10.30pm)

Please RSVP as we have to prepare the necessary logistics.  Book your seats via this LINK HERE.