SHORT ON ERUusd TOMORROW

My view on EURusd . The pair may want to rest tomorrow. It may go down south , so if am going to do anything at all for tomorrow . I will go south with what i have observed with 4HR T.F.

This is not a recommendation for you to trade  this is purely my opinion which  is not cast in iron.

Just be careful.

STILL ON EURusd

We are still studying EURusd because we have been waiting for the pair to breakout to the North knowing that once it breaks out we are in for a very long haul So let's go to the Daily chart to see what its doing.

Now look at what it did today. the price went with such a force to break 23.6 fib level , But it couldn't.
Now two things may happen tomorrow. The fib level may become a resistance and the price may return and pull back to1.36380 to gather momentum to break that resistance. So until it does that we have to wait not minding my indicator  So we are not predicting anything. until tomorrow. Again we have to be patient.

Tomorrow we are going to be analysing another currency. So until then

I will wait to see you at the TOP. See you there

MY FX MECHANICH WORKSHOP

I just feel like letting you see what is happening in my Forex workshop this morning .No comment
All the Forex mechanics are shoe on both EURjpy and usdJPY although we have started trailing the stop.

Just a quick one. see you latter

FOREX STRATEGY

While waiting for EURusd to wake up from its slumber let me quickly explain one of the best strategies you can use to make millions of dollars in Forex. Without wasting your time  let's ride on.

Always look for a pair of currency that is going up on one currency and  going down against another.
For example if EURusd is bullish and EURjpy is bearish on either of the Time Frames for instance on daily T.F. The best way to trade this is to go short on USDjpy, WHY? 
Let's see it this way EUR is very powerful  but inspite  of its power, it can still be beaten up by JPY, then JPY must be so powerful to beat both EUR and usd. But then the easiet one to handle or beat is the USD which is the weakest so for JPY to win the battle easily he will go for usd. That is the simplest way to win 90 % of the time in Forex.

Check Examples below
This is eur going down against JPY

This EUR going up against usd.

Because JPY is powerful that both usd is down against JPY. (Ou rbest  trade)

 

 

 Check what USDjpy has been doing since since yesterday. It has moved beyond 30 pips

I like working with Daily charts. I have been on that trade EURjpy and am still in it.
The above is my demo on live an on both USD.EUR/jpy

Oh Shit.
I just discovered i have revealing my trading secrete  to you. Anyway That is my gift for the readers of my blog. You can as well drop a comment if you have one.

Best of luck and See You At The Next Level.
 

FOREX CALCULATION

Did you read my last article. In the article I told you there was  the likelihood that EURusd will retrace and i remember i also told you where to take profit just in case you went long. Anyway make sure you read the last article before reading the latest one. Now let's see what is happening. This Morning we will look at the 4Hr Time  Frame to get a smaller Picture of what is happening.

In the chart above you will see that the price is pulling back to retest the trend line, it has already started retracing . So again we have to wait to see the reaction of the price aroung the trend line to know where we are going. So you need to be patient again. OH did i hear you say not again, oh yes you have to wait one more time.QED

Wishing you a profitable day.

Hope to see you at the NEXT LEVEL

MR. FOREX HAS CHANGED HIS MIND ON EURusd

Let me quickly bring the chart of EURusd below so you can see what is happening.

Have you seen what is happening our patience is really paying.  The price has decided to jump out of the trend line. Well for me it is not yet uhuru . Why ? O.K Let read the mind of Mr Market now, The price might go up to 1.36403 and comback to re text the trend line before deciding top break the resistance. So if you are long on this trade just take 50 pips and wait for the next reaction. For me am still waitng. This is purely price action and am sure the sharks are also waiting for the kill.
So continue to be patient until the right time.

See You At The Next Level.

MY EURusd CONCERN

Perhaps you have been asking yourself a very important question. What is this guy's business with EUR?
Now let me tell you . You see when Eur is not moving. It will affect the movement of every other currency.
You will observe that from the beginning of the week every currency has been consolidating. Why becausee EURusd is key to the movement of every pair.

Now let me tell you a little secret. Whatever affects EUR will affect every pair with CHF 95 % percent of the time. Please take note of this. Now for the EURusd i told you to be careful yesterday because of the trend line. Again we have to wait till tomorrow to see whether the trend line will be broken.  Otherwise stay away from that pair.
The thing is Forex is fashioned in a way that EURusd is the propeller that moves other currencies. And until it moves i might not be trading any other pair for today. Just check the daily T.F to see what its doing today.