PIPNEST TRADE DAILY
Official Trade Journal
Tuesday, February 4, 2025
Tuesday, February 4, 2025
Market Analysis
The Forex market is showing mixed signals today. Several pairs are exhibiting bearish tendencies, while GBPAUD is showing some bullish momentum. We will remain cautious and look for clear confirmations before entering any new positions. Remember, the PIPNEST strategy emphasizes discipline and patience. We wait for the right opportunities and manage risk carefully.Open Trades Overview
TRADE# | DATE | PAIR | TYPE | SIZE | ENTRY PRICE | STOP LOSS | OPEN P/L |
99750799 | 2025.01.29 | USDJPY | Sell | 0.02 | 155.25 | 156.71 | $5.78 |
100018620 | 2025.02.03 | GBPUSD | Sell | 0.01 | 1.22829 | 1.24711 | $-16.33 |
The AUDJPY Report
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Trend Status:
• TwinMA: Crossed-Down
• RSI: 40.21
• ADX: 75.75
• Overall Status: Trend Down
DATE | OPEN | HIGH | LOW | CLOSE | RSI | ADX |
2025.02.04 | 96.239 | 96.239 | 96.239 | 96.239 | 40.21 | 75.75 |
AUDJPY is currently in a strong downtrend, as indicated by the TwinMA crossover and RSI value below 50. The ADX is high, confirming the strength of the trend. We will wait for a potential pullback or consolidation before considering any short positions. Patience is key.
The AUDUSD Report
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Trend Status:
• TwinMA: Crossed-Down
• RSI: 58.77
• ADX: 71.78
• Overall Status: Trend Down
DATE | OPEN | HIGH | LOW | CLOSE | RSI | ADX |
2025.02.04 | 0.62224 | 0.62224 | 1.21589 | 0.62213 | 58.77 | 71.78 |
AUDUSD is showing a strong downtrend, with the TwinMA crossed down and the RSI below 50. The ADX is high, confirming the strength of the trend. We will watch for potential shorting opportunities on any pullbacks, but patience is crucial, as always.
The EURGBP Report
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Trend Status:
• TwinMA: Crossed-Down
• RSI: 54.93
• ADX: 95.42
• Overall Status: Trend Down
DATE | OPEN | HIGH | LOW | CLOSE | RSI | ADX |
2025.02.04 | 0.83224 | 0.83587 | 0.82904 | 0.83045 | 54.93 | 95.42 |
EURGBP is showing a strong downtrend, with the TwinMA crossed down and the RSI below 50. The ADX is high, confirming the strength of the trend. We will watch for further confirmation before considering any positions.
The GBPAUD Report
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Trend Status:
• TwinMA: Crossed-Up
• RSI: 76.21
• ADX: 50.69
• Overall Status: Trend Up
DATE | OPEN | HIGH | LOW | CLOSE | RSI | ADX |
2025.02.04 | 1.99702 | 2.01491 | 1.99509 | 1.99875 | 76.21 | 50.69 |
GBPAUD is showing a clear uptrend, with the TwinMA crossed up and the RSI well above 50. The ADX is also relatively strong, indicating a sustained trend. We will look for buying opportunities on any pullbacks, keeping in mind the overall market conditions.
The GBPUSD Report
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Trend Status:
• TwinMA: Crossed-Up
• RSI: 60.78
• ADX: Below 25 Level
• Overall Status: Trend Sideways
DATE | OPEN | HIGH | LOW | CLOSE | RSI | ADX |
2025.02.04 | 1.23053 | 1.24545 | 1.22486 | 1.24436 | 60.78 | Below 25 Level |
GBPUSD is showing some signs of potential upside movement, with the TwinMA crossed up and the RSI above 50. However, the ADX is weak, suggesting the trend is not very strong yet. We will monitor this pair closely for further confirmation before considering any positions.
The USDJPY Report
Click to view full-size chart
Trend Status:
• TwinMA: Crossed-Down
• RSI: 42.07
• ADX: Below 25 Level
• Overall Status: Trend Down
DATE | OPEN | HIGH | LOW | CLOSE | RSI | ADX |
2025.02.04 | 154.882 | 155.779 | 153.999 | 154.742 | 42.07 | Below 25 Level |
USDJPY is showing a downtrend, with the TwinMA crossed down and the RSI below 50. The ADX is weak, suggesting the trend may not be very strong. We will wait for a clearer signal before considering any positions.
