See USDjpy The Bulls Are Winning

Hi Everyone
The Forex Mechanics are back again . We just want you to see what USDjpy is doing now.
Since we are risk takers we have entered the trade at 113.612. But we are advising anyone who wants to trade this pair to wait till tomorrow . The issue is we don't know if its going to close above 113.460 Price Level . This is because we are expecting a pull back to that price level before pulling the trigger. But if it closes below the 113.460 Level then we play the waiting game again.

But The Forex Mechanics think the price will close above that Price Level and hit 113.767 today or tomorrow.

See Daily Chart below

 Shalom

USDjpy Still Under Watch

Hi Everyone

We are still watching USDjpy The Price is still being held at 113.437. Buyers have been trying to break that price Level but the Sellers are saying enough. At the Forex Mechanic Workshop we are watching to see who wins at the end of the day.
We will not interfere in the battle until we see a winner, and as soon as that happens we will let you know so that we can ride on the back of the winner to the North together .

See The Chart Below Daily T.F

GBPusd Up North over 100 Pips

Hi Everyone,

The Forex Mechanics are temporarily buying GBPusd. As you can see on the Chart below we are already over 100 Pips since 12th Dec, 2018.
We saw a Hammer formed on the Weekly Time Frame right at the support Level .

And at that point the Candle formed another Bullish Engulfing Pattern on Daily Time Frame . That gave us the confirmation to go immediately go long and this we did .
We hope the price will get to  1.27082 which is the next Resistance Level on Daily Time Frame.

All things being equal we hope to get back to you as soon as possible for further analysis on this pair

Thanks

GBPusd Broke South

Hi Everyone

Like we said again yesterday. GBPusd has broken the Support Level 1.25592 . We are expecting it to hit the next Support Level at 1.23700 once it hits that Price Level we will take decision as to where the next trend will head . All we know is the pair will head South for the Month. The Forex Mechanics cannot say precisely when it will turn back, but we will not turn away our search light.
And will get back to you as soon we see something happening.

See what is happening in the Chart below

Over 40 Pips in USDjpy

Hi Everyone,

The Forex Mechanics wants you to get ready for a great break out of USDjpy to the North. We posted that we will take a decision when the  Price gets to 113.816 and now the price has hit the Price Level . So we are still waiting to see what the closing candle will say at the close of today.

Now check the Chart below and compare with what our post yesterday

We are still in the trade, although with 10 Pips of the table .

See You Later

GBPusd 100pips

Hi Everyone
GBPusd
See What Patience can do in Forex Trading. The Forex Mechanics waited for the the Price Level 1.27082 to be broken to the South. Please refer to our last post to see the analysis.. We are out of this trade temporarily.
The Forex Mechanics feel the Market will hover between 1.27028 and 1.26352 and might  only come back after retesting 1.27028.
Again we are going to play the waiting game here. . Once it retests 1.27028 which was the Support Level We will wait to see the Candle it will form before taking Decision.

See The Daily and Weekly Chart below:

We have not forgotten that we also mentioned USDjpy . This is still Under the Radar of the Forex Mechanics. We are still expecting it to break to the North for the month. But the Resistance Level  113.814 is yet to be broken. The Price Dipped to a Support level At 112.533 and could not break it to the South. We are expecting the price to go back to 113.816 Resistance Level before we decide on what to do. You can see we are in the Trade to the North already.

See Chart Below

GBPusd Shorting

Hi Everyone,
We hope your weekend was cool?
Just like we promised that henceforth we will only be releasing a pair on monthly basis . For instance we will focus on a particular pair and post to let you know where it will travel for the month and when it is likely to turn back
And this will be the pair we will post on daily to give details of its reactions on daily basis. The reason for daily analysis  is because  the fact that we mentioned monthly does not mean the trend will not change sometimes on daily basis.
But the Forex Mechanics will view  and let you know whether it will be a turning point or temporary retracement .
Our focus for this month is going to be GBPusd. The Forex Mechanics will be going short on this pair for the month until we see that it is about to  change movement.

Enter  At                    1.26284
Take   Profit               1.22085

We will however wait for 1.27082 Price Level to be broken before we make an informed decision.
All these on Daily Time Frame

If you check the Chart properly you will see we have placed trade for today at 1.27183 we will take 10 Pips first and take final profit at the Support Level 1.27082


 Check Out The Details Below:

See the inverted Hammer that couldn't break the Trend Line to the Up? The moment it breaks the \Support Level of 1.27082 then we are good to go

Again USDjpy will be for Buy for the Month this analysis will be given later.