Posts Tagged Trade Idea
USD/JPY – June 12th Trade Idea
By – Forex District USD/JPY Open 97.65 High 98.43 Low 97.35 Close 97.61 Dollar/Yen made an insignificant downward movement yesterday. This confirms the consolidation phase of the currency couple and the unclear movement direction, till trading range is within the triangle formation on the 1 hour chart. Immediate support is 97.25, followed by 96.00. The [...]
EUR/USD – Short Term Trade Idea
EUR/USD has created one of our favored chart patterns. In the below 30 minute timeframe chart, EUR/USD has created a false break out (See previous post regarding EUR/CAD) on the lower Bollinger Band. It has since revisited that level and held. We feel that the 1.4195 – 1.4200 level is a short-term support level. We [...]
