C LEG PUSH UP?
- DAILY CANDLE CLOSED ABOVE LEVEL 1.6500 WITH NICE BULLISH CANDLE
- PRICE PULLED BACK FOR A RETEST (B LEG)
- CANDLESTICKS GOT SMALLER AS THEY APPROACHED THE 1.6500 LEVEL
- LITTLE HEADS UP AS CAD NEWS IS COMING OUT TODAY!
POSSIBLE PUSH UP FOR AUDJPY
- PRICE BROKE A DESCENDING CHANNEL LINE
- NICE REJECTION CANDLE FROM THE BROKEN CHANNEL AND TRENDLINE ON 4 HOUR CHART
- 61.8 FIB LEVEL ALSO SUPPORTING THE TRENDLINE AND BROKEN CHANNEL
SIMPLE SET UP FOR NEXT WEEK
- DAILY CLOSURE ABOVE 129.000 LEVEL
- PRICE PULLED BACK TO RETEST 129.00 LEVEL
- 38.2 FIB LEVEL SITS PERFECTLY ON 129.000 LEVEL
- PRICE TO TEST THE PREVIOUS HIGH ON THE 4 HOUR CHART (130.000 LEVEL)
- NICE WEDGE PATTERN FORMING (ABCDE)
- PRICE STILL MAKING HIGHER HIGHS
- PREVIOUS LOWS HAVE NOT BEEN BROKEN
- BIAS IS STILL UP AS TREND WAS UP BEFORE THE PATTERN CAME INTO PLAY
- 1.72800 LEVEL IS A RESPECTED LEVEL USED AS SUPPORT AND RESISTANCE
-PREVIOUS 4 HOUR CANDLE CLOSED AS A NICE BULLUSH PINBAR
Expecting a bullish push for AUDJPY. Reverse head and shoulders pattern potentially forming on H4 timeframe. Looking for further candlestick confirmation on both H4 and H1.
Sl - 71.550 (depending on future price action)
Open take profit - Important to keep an eye on price action for more bearish movement, as this trade would be for the retracement of the D1 downtrend.
Very strong downtrend on D1 timeframe. Price has just retraced to the 0.382 retracement level, with some bearish price action on lower timeframes. Would be a slightly late entry but still room for sufficient profit. Waiting for bearish confirmation on H1 timeframe.
SL - 0.90350
open take profit - pay attention to price action for appropriate exit. 0.88240 would...
expecting a bullish push. Looking for further confirmation of a reverse head and shoulders pattern on H4 timeframe, and entry on the H1.
SL - 0.97060
TP1 - 0.98040
TP2 - 0.98900
TP1 - 3.75
TP2 - 8.04
Trade at your own risk
Price is in an uptrend on the D1 timeframe, and is currently retracing. Pinbar has formed on the H4 timeframe, with some further bullish confirmation on the H1 timeframe.
SL - 1.31930
TP1 - 1.32640
TP2 - 1.33310
Risk/Reward - 4.06
trade at your own risk.
Symbol: Bitcoin, XBTUSD, BTCUSD
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Short Timeframes: Red -> Blue
Medieum Timeframes: Red Series
Long Timeframes – Context: Green Series
Long Wick Candle in 1H Timeframe
Demand Zone: 11100 -- 11350
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