EURUSD- holding long position

Using the Guppy Multiple moving average I've entered into long position on the EURUSD pair at h4 time frame. Kept the position open with a plan for trailing stop.

Price is facing difficulty in crossing the 1.12673 level and now price is retracing back. Lower time frame band of GMMA has condensed into the higher time frame MA group.

Price is creating higher highs and lower lows. Now it's on the way to creating another higher low. So until it breaks the previous low to create lower low followed by a lower high, I'll remain bullish in this pair. The yellow line remains a strong support for this pair and next the blue rectangle will be the area of probable reversal point.

If price tries to reach the lower part of the rectangle, my position will hit stop loss. But if price reverses back then I'll go long again.

Currency pairs to follow on 18th May 2017

BUY:
EURJPY, D
USDCAD, D
EURAUD, D

SELL:
AUDUSD, D
AUDJPY, D

I'm following above mentioned pairs for the coming days until the trade opportunity fades away.

Trying to show you one little technique to identify trend of a pair-

Look, two cross pairs- EURJPY is in uptrend and AUDJPY is in down trend by creating lower high and lower lows. If we relate these two pairs and remove JPY, we get EURAUD pair. Logically it should be in an uptrend as EUR is stronger than JPY and AUD are weaker than JPY.

And EURAUD really is in an uptrend. I've kept it on the BUY trade list.

So you can use such technique for confirmation of your analysis. If you can compare two currencies of a pair with another common currency, you'll get the direction of movement of the primary pairs. Here if I want to elaborate this with the above-mentioned example-

Currency pair in question - EURAUD
The strength of both the pair against JPY, you're going to get an easy and clear picture.

EURUSD, EURCAD buy trade running

I was following EURUSD from 10th May 2017. I've entered long on 15th May 2017 @ 1.09334. Now it's 192 pips positive and I'm trailing it by 80 pips SL.

I'm using Guppy MMA method with a 200 SMA filter with it.

I was also following EURCAD from 12th May 2017 and I've entered long on 16th May 2017 @ 1.50622 and now my SL is at breakeven with having +70 pips gain.

Here also I'm using Guppy MMA method with a 200 SMA filter with it.

Currency list to follow on 12th May 2017

Following the currency pairs using Guppy Multiple Moving Averages for entry....
Buy:
EURCAD, D
USDJPY, D
EURJPY, D
GBPUSD, D
EURAUD, D
GBPAUD, D
USDCAD, D


Sell:
AUDUSD, D
EURGBP, D

Check list on 10th May 2017

I'm keeping an eye on following currency pairs:
AUDUSD, H4
EURCAD, D
EURUSD, D
EURAUD, D
USDCAD, D

Trading Strategy: Guppy Multiple Moving Average
All three are creating squeeze in the lower MA band. I'm waiting for the price to came out of the squeeze and move along the trend. As long as I get the signal, I'll take the trade and post a screenshot of the post.

I'm filtering all my trade with 200 MA. No buy below the 200 MA and vice versa.

EURGBP daily- Sold at 0.84365

I've entered the trade yesterday when the price came out of the squeeze of lower time frame band.

Price is creating lower lows and lower highs and also crossed below the 200 MA line. The squeeze started on the 24th April 2017 with a gap up during the French Election. Now the squeeze of lower MA is widening creating a probable trade setup for me. Let's see what happens.

My SL is at 0.8525 and I'll trail my stop with 80 pips and allow the market to take me out of the market.

May 7-13- High Impact News

Next two days of the week will remain busy with some high impact news involving GBP, NZD and USD. I'll remain careful with trading pairs having these currencies. As I'm not interested in News Time Trading.