last week gbpjpy shows some rejections up and down. i have prepared my 2 scenarios about gbpjpy -bullish if we break above last high - bearish if we break this mini support as i draw in analys
FX:GBPJPY Taking a shot at a GBPJPY long for decent RR, sundays can be choppy especially with election BS, trade smart, trade careful, start the week with low risk and work it up. BUILD A CUSHION FOR THE WEEK.
EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Price action continues bearish. Look to enter on a break and retest of 122.200. Enter short on a confirmed lower high and target lower toward our 121.000 support level. Trade scenario 2: Price action turns bullish. Look for a higher low to form above 123.000...
USDJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Price action pulls back to form structure and a lower high at our 4 hour level around 104.150. Look to enter short after the lower high is confirmed and target lower toward 103.000 Trade scenario 2: Price action goes bullish. For us to consider any long...
AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action forms a higher low at our 75.000 handle and gives us strong bullish setups. Enter on a strong bullish setup & break of the resisting trendline. Target higher toward 76.000 Trade scenario 2: Price action goes bearish. Look for a lower high to form...
The pair can be seen inside an ascending parallel channel and seems to be testing its support on the 1W timeframe. The last candle seems to have closed as an inverted hammer. 1W Analysis The pair is currently testing the support of its ascending channel and last closed as an inverted hammer. Besides the ascending channel the pair can be seen within the...
Welcome back Traders, Investors and Community! Analysis of #GOLD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bullish BAT With potential Max R/R 2.07 A clear chart is...
If you like the idea, do not forget to support with a like and follow. on H4: EURJPY is trading inside this big channel in blue, so we are overall bearish here and we will be looking for trend-following sell setups on lower timeframes as price approaches our upper blue trendline. on H1: EURJPY is forming a trendline in red (not valid yet) so we will be waiting...
So bigger picture, until we break the 133.000 Higher Low, we're still in an uptrend technically speaking. You can see the support forming within the pennant formation, which con-fluently lines up perfectly with the 61.8% Fibonacci Level. Anything between 134.800 and 136.400 is a no trade area for me. Initially there doesn't seem to be a lot of downward target...
CHF/JPY is making bullish signs with the rvi daily bullish cross and a harmonic bullish pattern at play. expect a strong move up on the daily chart.
AUDJPY is testing the descending channel resistance. Price brokedown below the trendline support. RSI trendline breakdown. Sell entry - breakdown below previous swing low ⬇️.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
We are bullish and going to the top of the channel
NZDJPY is testing the horizontal resistance level. Sell entry - breakdowm below the trendline support + previous swing low ⬇️
End of the week wrap up, willing to risk with a great week.