This was a great trade. I didn't get to post it as GBPJPY was my focus, though it should be like my EURJPY idea. It's the same set up.
You have the break of market structure, then a mini pullback. - ( sometimes you don't get a pullback if not I fib from the bottom support of the market structure )
I fib the pullback (higher low) to the high.
I then wait for the...
EURJPY - has broken out of market structure with push toward a key level of resistance. (129.45) I'm waiting for the price to retrace towards the golden zone .5 or .618 (128.919 - 128.793.) I need price to respect this level before a buy.
4hr shows promise with price respecting 128.837 acting as a key level of support and price is holding above 200MA.
Ill be...
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This is a risker trade placed in some traffic when looking into the smaller TFs . Larger TFs show indecision or a slow in bull momentum.
On Lower-TFs we see a series of higher lows and lower highs. (Symmetrical Triangle Chart Pattern.)
However the rejection off the 618. golden zone could indicated this being a bearish triangle rather than a bullish one.
On...
This is a great set up I have seen today. The charts are addictive i could possible see a head and shoulders lets see if it reaches the 51 fib.
I look at higher times first and look for patterns. Double tops pin bars or any rejections on the key area.
Reasons for trade:
- Below moving averages although not in order as per conditions of strategy
- Price made a triple top in previous price action
- Break below for new lower low
- Retest support turned resistance in role reversal
Holding for price action to confirm.
GBPJPY H4
This pair has been very one sided this week, completely bearish, reversal, completely bullish. Had my eye on 150.000 which exploded, eyes peeled for 151 region to see if we have any signs of slowdown.
This is the spanner in the works as compared to EJ, UJ etc as mentioned on the previous post. 1:5 from the indicated order details.
In this market, the bears have strong momentum to the downside with the most recent price action breach the 200EMA. Looking across to the EXY index it clearly shows correlating weakness for EUR meaning that a change of bias has been confirmed. Fundamentally I am still a bear on USD/Dollar due to the FED and rates, but given the more contemporary state of play if a...
Afternoon traders.
It's been to long between ideas my apologies for this.
Here we have a valid long trade on GBPJPY.
After last weeks successful 100 pip sell trade our strategy now says it's time for a buy.
Truth behind no ideas recently is I'm not on the charts everyday! Crazy yes but no need when our strategy can be automated.
I simply set the strategy...
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Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
Hello,
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I will begin NASDAQ ZeroMarket US100 Chart Analysis for March 22.
"Press the replay...
Hello,
“Make it simple, make profit”
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"Press the replay...
USDJPY H4
Initial rejections see from that top end resistance price of 109.200, broken support level at 108.835 convincingly, now seeing a bit of a price pullback.
A retest of the underside of 108.835 could be nice to scout out shorts again.
DXY H4
Initially responded to that previous resistance we witnessed throughout the end of last week and throughout this week. Interested to see whether we break ready for next weeks trading, or whether we hold as resistance and see another range sequence.
GOLD H4
Followed this last night with our coaching members webinar, highlighted we didn't want to trade the 1750 short as it goes against our trading rules, however, there is no harm in following and forecasting the trade as it confirms validity of our zones, looking for buy orders from current support price of around 1735.
Lets see what unfolds today, quite a...
