After AUDJPY broke the ascending correction, we got a nice impulse down worth 220pips!
We are now seeing a correction (on the lower timeframe) which we are monitoring for a break. See chart update for lower timeframe analysis.
Goodluck and trade safe!
CADJPY is in the perfect place to look for reasons to enter short. On the lower timeframe we can see that there's an ascending correction which is typically a reversal pattern. As it's in our high value area for reversal, we can gain an entry on the break of the ascending correction and hold that trade for a while!
See chart update for lower timeframe and an...
This is my view on this pair for the next few days
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to...
Be interesting to see how price reacts at the daily support and how many will buy the double bottom!
Also broken the ascending TL dating back to the March crash last year so really everything is looking bearish. Just wondering if price needs a correction first as last week was a sizeable drop for a pair with a usually tight range.
If we view this pair from a larger perspective we will see that in reality all sellers that were lured in at the breakout have now been stopped out.
This could mean that banks have significant liquidity to make the true move to the downside.
I will be waiting on a strong pullback before getting involved in long term sells.
Yesterday's collapse filled some of the imbalance from the strong move up.
We are now trading around a previous order block and showing signs of rejection, could this be signs of some bullish momentum prior to NFP?
Ideally, I would like to buy here to the higher OB but I will wait for further confirmation.
NZDJPY long position. The pair has broken the previous four-hour high and is now retracing back into our areas of interest. As long as the pair Respects the low, we will be good to enter the market with the correct conformations.
Pair Name : NZD/JPY
Time Frame : 1 Day
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Natural - Lead To Long
After the price succeeded in a clear breakout and a re-test on the daily basis at the 79.700 area, an increase is expected with a target of 300 pip in the medium term to the 82.400 area,...
Hy dear Members. Hope you all are enjoying our ideas our Analysis. Now we are here to discuss about GBPUSD. GBPUSD is exactly Moving According our Analysis. This is making Cup handle Pattern. It has good chance for Scalper to Cash this Market. Here a small Retesting than it will Move to the Price level 1.44. Keep in touch we will update further soon.
The time has finally come for the big GBPJPY short we identified months ago. Price has almost reached the major descending trendline which makes this a very high probability trade.
The current correction we are in looks like a bullish correction for one more move up, which may tag the descending trendline. Alternatively, if we break down from the correction, we...
From our previous analysis of AUDJPY, we were shorting from the top (See linked charts below)
All we have to do now is look for solid bear flags and keep entering and work our way down. Look for retest areas too as they provide us with clear stop loss placements and are high probability.
Goodluck and trade safe!
". There is still a possibility of temporary retracement to the suggested resistance line (78.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...