Price is respecting the trend line of the daily timeframe creating 2 prevoius shadows at t it so that pus the trend line it is making another confirmation lets wait h how today candles closes if it does below the 50% fib daily and below the trend i would start shorting it with a 1:2 risk reward
Market price has reach the support level which is my entry level for buying the stock market @ 1.0112
and will exit the market level @1.10808 which is my pullback line level.
Calling for all trader for buying the stock entry
@1.10112 option1
@1.09948 option2
@1.09223 option3
Please exit market level @1.10808
shorting UJ @ THIS LEVEL SINCE THIS MARKET HAS BEEN IN A BEARISH PATTERN CURRENTLY TRADING SIDEWAYS IF IT DOES REACH MY LEVEL WILL BE GOING FOR POTENTIAL SHORTS
Hi there Traders!
Me might see a possible Bullish bat pattern completion on the EURJPY H1 timeframe.
For those of you trading on lower time frames you can also jump down to the M30.
Good Trading ;)
Interesting chart , however it's early to say which direction is winner. I'm on my hands for now , anticipating something interesting to happen before decide whether to trade or not.
Market currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
USDJPY, as shown below, managed to break below red bullish channel. This may suggest that price is starting to correct down towards 109.40-109.20 after which it will move up once again before finishing its corrective move downward.
After a powerful bullish trend the FX:NZDUSD shows a nice indecision candle on top of a resistance area.
From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do?
I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 ...
FX:AUDUSD
In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision...
Great opportunity here to long EURUSD
-Bull trend
-Really strong level of support here at the 0.618 fib retracement
-This area is also a previous support level on a number occasions if you look left
-Stops at the 0.784 fib support
-ABCD structure possible in play here to.
-This blue line has acted as major support 5 times on the daily TF
- Great risk to...
AUDJPY Currently in a strong downtrend from higher TF
-Simple trendline break trade here
-Rules:
break and close below on at least the hourly
retest of the broken area
of course rejection of that area
-Apply risk/reward and money management
-Have a couple of targets
-Jump in
Happy trading!!!!!
Made a lot of pips from EJ shorts recently think its time to long
-A bit of channel trading here currently
-Holding a major monthly key level 126.90
-We have bounced of this level previously.
-We have a selection of rejection here shown with long wicks
-Also a "double bottom" we broke slightly lower but its the close we look at.
![AUDUSD: [AUDUSD] PIN BAR CANDLESTICK + AREA OF RESISTANCE](https://s3.tradingview.com/j/jMv5cfkd_mid.png "[AUDUSD] PIN BAR CANDLESTICK + AREA OF RESISTANCE")
