We’ve seen a 100 pip consolidation range for the majority of this week, price broke the bullish trend line mid-august dropping down to 140.00. We’ve seen a retest of the bottom side of that trend line over the course of this week which is the 142.50 mark (its held firm) we are now also seeing the start of a new bearish trend line created from the last 147.50 hit...
GJ long idea after price initially shot up, then pulled back into a key area putting in a head n shoulders pattern on the hourly signalling pullback has finished and hopefully ready to continue pushing higher.
New higher lows and higher highs have been formed over the past few days. To go long on this pair I would look to see how price reacts around yesterdays highs / the key area of previous resistance. A clean break of this could see more bullish momentum from this pair
SCALP BUY - After STOCH recovers there should be a SCALP BUY until the minor resistance level has been reached.
BIG SWING SELL - A correction into a SELL will occur at MINOR RESISTANCE, where the price will eventually drop down to the SUPPORT LINE shown.
I'm looking at two big swing trades in GJ, the first to 147 as price has bounced off 139.50 and failed to make a new low. We could be completing a A,B,C or this could be the start of the new impulse wave and wave 3 is just about to get going.
My second TP will be at 155, this is where the 1.272 extension is and if price breaks 149 we will defiantly get up there.
This pair recently has created a new higher low at 139.300, which abled me to draw a trend line using the previous higher low at 138.700.
My first thought is that this pair could potentially create a nice bounce from this trendline to go to my initial target at 143.000 - break past that, we could see the price to pay a visit back to a key level of resistance at...
i do not usually share this kind of setup but i've thought it could be helpful to some of you. On this chart you can see a flag pattern that's been setting up on the hourly timeframe. This happened after that a support was broken by price action, creating the conditions of a downtrend: we cuold, as usual, wait to see price coming up to retest our broken...
GBPJPY - Will either rise a break the previous highs then drop or play the weekend rise. Where it will rise above the opening.. consolidate. If this happens we won't wait and short it during the Asia session
This is not a pair or pattern I currently trade, but after I saw the rounded cup shape I ended up playing around with the chart and set about looking for the next potential area of interest if you trade the GBPJPY.
There could be an interesting zone for a selling opportunity here in the blue zone with a potential ABCD equal measured move completion, some Fib...
Price reached key level and is currently retracing. This is either start of a new trend (confirmed when breaks longer term trend line) or just a bounce before going past shown critical zone. Direction will be clear soon, at the break of either trend line
this is a pair i've been looking at for the last weeks, and it turned out to be a good setup. Now price managed to break and close below the double top's neckline and that gives and indication of its intention to go lower. As usual, when such cases happen i look for a 618 retracement and sell at market, in according with the 2618 strategy. Stops would go...