USDJPY Breakout/Breakdown opportunity on either the 5/15 min chart. I will be taking the this trade on the 5 min chart with a BREAK & CLOSE out of Balance Area. Stops & Targets are shown on the chart. Bearish Div RSI.
Price under 20/50/200 EMA and strong bear MACD on 5M chart. Under 20/50 on 15m and beginning of good MACD on 15M Target 0.70500 for a intraday short and pick up some pips. Target 0.70000 if feeling adverturous and trail stops as appropriate
DAX30 - 5 minute technical analysis for possible reversal
Potential short opportunity at the completion of a bearish bat
Potential long entry at the completion of a bullish cypher
The market is about to complete a crab pattern, upon completion in the potential reversal zone, the market should retrace back to the 1.618 fib of the BC leg. please like and comment and don,t forget to follow me. Good trading !
EURUSD Cypher pattern developing on the 5 minute chart
The AUDUSD is trading sideways in an upward sloping channel (5 min) After a false breakout higher it is now on the verge of breaking the channel downwards, I am liking a sell trade on the break with take profit next hourly support @ 0.7750 (roughly 50 pips) Happy Trading!
On the lesser time frame charts it seems that most of the hourly pull back has already happened . I see this as being a good opportunity to get short to collect at least 20 pips (shooting low) I'm just trying to hit a single or double here not the best opportunity for the upcoming week... but none the less a pretty safe trade to start your week off with.
***DEMONSTRATION*** Description in picture. Was a down trend, till break of rules, now going up trend. Down trend = Lower Highs, Lower Lows. Up-Trend = Higher Highs, Higher Lows. -- Just like any strategy out there, this can fail of course. But when it does fail you should only be losing -5pips and when you win, you can build up a whole days worth of a...
USDJPY looks to be in an uptrend on the 5 Minute chart retracing to the 200MA and the up channel trend line. Also there is a key resistance coming up at 118.135. Looking at a 3:1 ratio. TP at 118.343 purely because I'm not greedy. ;)
This week I will be mostly trying out 5 minute charts. Simple break of Triangle and 200 MA coming our way to give it an extra nudge down.. I will be looking to trade this similar set up all this week.
a dangerous idea entrance M5