USDJPY seems bearish. Any upward impulse should be seen with caution as you can see the resistances lines falling on the chart. Happy trading!
CAD JPY 4H (BEARISH BAT PATTERN)SHORT
GBPUSD 4H (BULLISH CRAB PATTERN )LONG
Inside trading for the masses! Trade Plan : Happy days! WARNING : this trade has already been performed and any further trade plan must be done considering the new reality.
There's a nice wave forming and honestly, I don't have a clue which directions it will go. My preference is a move to the upside. Those lines are the critical levels (structures) and they can be used to buy or sell, just depending on the risk/reward. Happy trading!
Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly...
The break of the low bound of the symmetric triangle has confirmed as the 4H candle closed bellow.. waiting for it to retest the resistence area and then going short. good luck!
1. As shown we are in a channeling uptrend idea of this is to try ride the uptrend as soon as possible 2. Channel support being tested showing price rejection 3. Horizontal support area 4. Fib 38% Seems to be holding 5. Potential inverted hammer being formed 6. Arrows on price showing measured moves to the upside
Reasons to sell: Bear Cypher Strong Resistance (Purple Line) Trend (Recent) continuation downwards Things to consider: The Bear Gartley (in yellow) which is also 1.618 Fibonacci of the double bottom and around there it will also become a double top thus putting the Bear Gartley into play. Strong support (bottom purple line) Let us see what happens! Good luck and...
This is adding to my idea (previously posted). If that fails then price may fall further to breach the bottom channel at which point the X leg for this Bull Cypher patterns sits right at the a major support line on the Daily Chart (please scroll back). When channels are breached price usually goes to retest the breached level and this is where you would take your...
Riding against resistance pressure. Overbought territory. Bearish trend line on daily. Fib confluence. Entry: 1.1120 SL: 1.1180 TP: 1.0000
Very good point to go short on GBPUSD, as this level meets the EMA200 and 0.382 Fibonacci level as resistence levels.
Going long @ 1.4355 SL @ 1.432 Target @ 1.4475 Record for my journal
Garley pattern forming nicely within a channel, right now there's a flag pattern forming as well. The pole of that flag lines up with the completion point of the Gartley. As you can see we just broke above the B point of the Gartley, so now it's time to put this trade on your radar, if you are interested in these kind of setups. Stops and targets go where your...