First things first. Big shoutout to my brother Roms for calling the buy order @ $6000 4 months ago. He is the real magician. LOL
Anyways the downtrend is finally broken as you guys can see, inverse head & shoulders forming almost complete however a long is not valid until we break the neckline...
EURUSD has broken out of my large structure/support line but not with much surety. Looking at the latest 4hr chart and it seems bullish may have gaining strength to go nearest 1.13500 level. On the other hand The US Dollar Index, which advanced to a fresh 2019 high of 97.37, was last seen down 0.1% on the day at 96.90. Investors may also be looking to book their...
USDJPY has been trading in a bullish corrective triangle pattern on the weekly chart for a while now & the E wave upwards is in play.
We are expecting overall bullish price action to occur for huge profit targets of 200+ pips (possibility of further extension).
This chart is showing a nice long trade setup on the 4H timeframe.
Using a schiff...
I am very bullish on this pair. We are having new higher highs every week.
We have a nice correction to the 61.8% of Fibo creating a double bottom pattern and follow by an engulfing candle.
Our buy zone is around 142.900 until 146.000 which is next support.
Nice week traders
UJ seems that is respecting the little trend line, but I think it will break soon. I am seeing a nice inverted head and shoulder pattern to continue long.
We will be looking for long entries on monday on the right should which is also located in the 38.2% of Fibo.
Let me know your comments about this pair.
AUDCAD recently broke above a descending trend line and has touched a resistance & came back down to touch the trend line from the other side.
What we would like to see is a retest of the trend line/.382 fib retracement/support zone that price is near to find long entries.
Stop loss would be placed below the trend line with profit targets listed on the...
USDJPY has been trading within a huge ABCDE corrective triangle on the weekly chart.
We have scoped down to the 4H chart to find a solid entry to a long position with extended profit targets.
Entries would be placed around current market price with a stop loss below the low around 109.000 - 109.110 & aim for targets of 110.000 & 118.000.
Updates will be posted...
we got stopped out from our initial buys on this pair and are going for another buy now after it has reached yet another strong demand zone. we can see that the bears are losing momentum and there can be a trend switch.
Price has been creating a descending Nature - I will be going long on completion of Bull Flag, first target being the previous high.
If we reject off the High especially with any ascending Nature I can see price potentialy coming to the downside creating a Double Bottom / Descending formation and going back up.
These are my set ups I am waiting for.