Here is my simple set up on EURJPY for this week if we see a pullback. This may not happen if Euro strength / JPY weakness continues but if there is a pullback then this is my ideal entry.
- Bullish TL now broken.
- Retest of this TL
- Higher low to be made using previous resistance as support @ 125.600
- 4hr bullish TL (higher lows) is intersecting this area...
Hi all ,
I will be looking at going long when price touched point D . As you can see i have draw my trendline with anticipation that price will touch and hold around that support before placing my long for a target of 126 region .
H4 will give me the confirmation and candlestick pattern before i trigger my positions .
The bigger picture , there's a H&S...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.2.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=124.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
This pair is at its lowest since November 2016. Price has been re-testing 117.530 for the past week where wicks have been struggling to break past support zone. Price is also creating higher lows that have struggled to meet trend 3 times which confirms the down trend is weakening. I believe price is possibly going to go into an uptrend which will breakthrough all...
Price has reached the top of a bearish channel. The last closed candle indicates a reversal, this is also in the same location as Fibonacci retracement zone (although I have not drawn this on). Stops can be placed above the trendline, my profit target is at the 116.238 area. This target is at the bottom of the channel, where the ABCD pattern finishes and where...