I hope that you guys have made a good profits from the analysis I have done for you for the USDJPY in my previous blog post as the price has moved 90 pips in profits after the entry I told you to enter.
I have received a lot of emails from readers telling me how excited they are about the profits.
In fact, we have made 5 consecutive winning trades yesterday which is what I have been telling my trade copier users to be patient. Once the price starts to trend, you will see more such consecutive profits in your account.
For the USDJPY, it has hit the 400 EMA on the Daily chart which is a strong S&R level.
On the Weekly chart, the price has hit the 100 and 200 EMA which is also a strong resistance level.
However on the 15 minutes chart, the price has started to trend which makes the USDJPY a very hard pair to trade for these few days due to contradicting trend on the higher and lower time frame.
I will recommend you to avoid this pair first.
For the EURUSD, it has started to trend downward as the weekly, daily, 4 hourly and hourly chart are all showing strong down trend.
If the price breaks below the 1.09905 support, you can look to enter a SELL trade on the EURUSD to ride the down trend.
If you are interested in my trade copier service, please email me as there is a 30 to 90 days trial to my trade copier where you can test out my trade copier service at no risk.