Shorting GBPjpy

Hi Everyone

The Forex Mechanics are shorting on GBPjpy . We think this pair will go South for the rest of the week.
But if our target is hit before  Friday we will take profit

Sell Stop:                   141.965
Take Profit:               141.130

That is like 100 Pips . However we are going to be using 10 Pips as our Stop Loss meaning take we will take 10 pips first and allow the remaining to run. 

This is not an advice for you to trade it is just for educational Purpose only.

Thanks

EXIT EURusd NOW 26 Pips

Hi Everyone,

The Forex Mechanics have exited EURusd after hitting the Resistance At 1.13994 That is about 26 Pips.
Good for a day trader.
Check what is happening on the  Daily Chart Below: Remember we entered at 1.13755. we are watching whether to re-enter into the market or wait. We are not greedy afterall.

Thanks

Buying EURusd

Hi Everyone
This Morning The Forex Mechanics are buying EURusd.
Bought At 1.13755
Exit not Take Profit At 1.14220

That is about 60 pips. We will be taking 10 Pips to serve as our Stop Loss

Thanks

35 Pips Taken

Hi Everyone

The Forex Mechanics have decided to close the trade after taking 35 Pips off the table on EURnzd. We will wait for the 1.67042 resistance level to be broke before we re-enter the market

We will let the market decide the next move for us .

Thanks

Longing On Eurnzd

Hi Everyone

We are long on EURnzd for the week  we will be taking profit At 1.67024 That is about 57 Pips from 1.66586 where we entered the Market. That is the next Support Level  anyway . The Forex Mechanics will be explaining this later.

Check the weekly Time Frame Below:

Peace

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