AUDJPY Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: Price action forms a higher low at our 75.000 handle and gives us strong bullish setups. Enter on a strong bullish setup & break of the resisting trendline. Target higher toward 76.000 Trade scenario 2: Price action goes bearish. Look for a lower high to form...
The pair can be seen inside an ascending parallel channel and seems to be testing its support on the 1W timeframe. The last candle seems to have closed as an inverted hammer. 1W Analysis The pair is currently testing the support of its ascending channel and last closed as an inverted hammer. Besides the ascending channel the pair can be seen within the...
Welcome back Traders, Investors and Community! Analysis of #GOLD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bullish BAT With potential Max R/R 2.07 A clear chart is...
If you like the idea, do not forget to support with a like and follow. on H4: EURJPY is trading inside this big channel in blue, so we are overall bearish here and we will be looking for trend-following sell setups on lower timeframes as price approaches our upper blue trendline. on H1: EURJPY is forming a trendline in red (not valid yet) so we will be waiting...
So bigger picture, until we break the 133.000 Higher Low, we're still in an uptrend technically speaking. You can see the support forming within the pennant formation, which con-fluently lines up perfectly with the 61.8% Fibonacci Level. Anything between 134.800 and 136.400 is a no trade area for me. Initially there doesn't seem to be a lot of downward target...
CHF/JPY is making bullish signs with the rvi daily bullish cross and a harmonic bullish pattern at play. expect a strong move up on the daily chart.
AUDJPY is testing the descending channel resistance. Price brokedown below the trendline support. RSI trendline breakdown. Sell entry - breakdown below previous swing low ⬇️.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
We are bullish and going to the top of the channel
NZDJPY is testing the horizontal resistance level. Sell entry - breakdowm below the trendline support + previous swing low ⬇️
End of the week wrap up, willing to risk with a great week.
This looks to be in the process of completing a bullish harmonic before its major uptick. Not all the wy sure just yet. I'm trading along until it gets to the monthly 136.218 zone to determine its full direction, or to the daily 133.414 zone to see will the bearish move begins to pivot. So this week is just getting in front of the move until the true trend reveals...
USDJPY broke down from major support and is currently in bear flag, which has bias to break to the downside and is a bearish continuation pattern. Sell the break of the uptrend line and take profit at 103.350, around 30 pips profit. Both RSI and MACD are very bearish. It's wise to follow in order not to miss on such opportunities! Cheers, Tibor
eurjpy stucks in a dirty range. i am waiting for a break adn retest of this resistence to take a buy
AUDJPY testing trendline , further drop expected !