Here we have a good point for the breakout from the rectangle and once it goes the whatever direction we'll take that trade because it can simply make 40 pips in next momentum
well it's good point from cadjpy can fall 200 pips down from here all we need to wait and take a entry at our point when it sustain below the line
Here we have a good point where usdjpy can get fall around 145 pips so from this point we'll short the usdjpy
Had to mark up GBPJBY, which is one of the fast-moving pairs I decided to use. For my Forex Mastery Institute (FMI) studies.
we have 2 possibilities and have to be patience and once t reach the point only we'll take the trade for the sell entry, it has to retrace till my point, and once it touches and sustains below this then we'll take sell entry and like same for the buy trade we have to wait for the point and wait for the retracement till our point and take a by entry.
we are expecting eurnzd to get down from this point we'll have to wait this hourly candle if it sustain below the point then we can take sell entry
GBPAUD D1 One of the more simple charts you can look to trade, left to right ranges on high timeframes. Reduces the amount you trade due to the higher timeframe, allows you, to lets the market do its thing. Measurable and consistent, good confluences and lots of opportunity to be taken.
EURCAD has good chances with the price action so for now as you can see there are chances of fall but if the fundamental hit the technical and price get sustained above the buy zone then we can take a buy trade
We can see that the price broke our previous strucutre level and we keep going with the bearish continuation so I sold immeditaly after the broke.
U.S. Dollar/Canadian Dollar forming a nice entry in the market live. What I see that USD/CAD break-out this bullish rising wedge what we could to appreciate it in H4 timeframe This it's the bullish risng wedge, we pass the ABCDE Elliot Wave, what we could to expect it's that USD goes strong in front of CAD If you want to bought like me, you can to do the...
USD/JPY chart showing potential long play yo the upside after retracing down to demand area.
NZDCAD can fall from this point as there is strong resistance which is stop nzdcad to get bullish and i have used some technical pattern and some price action into this NZDCAD
DXY D1 Still working from these higher timeframes, the trends are very evident, we can't help but notice the higher structure HL's/HH's. We have a sequence of earnings figures for US stocks and this has a knock on effect with the DXY and XAU. Fuelled by FED rate and FOMC comments... We have seen dollar pullback. However, things data points and risk headlines...
Waiting for a Breakout and Retest to the downside for a potential SELL Entry. However anything can happen and so i have a potential zone area for a BUY.
The actual process of trading, however, should be effortless. My attitude is that I always want to be better prepared than someone I'm competing against. The way I prepare myself is by doing my work each night. Do more of what work and less of what doesn't!!
We have GBPJPY on the 1hr chart we have a break of structure (BOS) around the level of 164.752 making it a great for us to have the supply area around the level of 165.100 since that's from the red candlestick broke the structure. Meaning we clearly see a zone that hasn't been retested. For the support I took in consideration the point where we see it gets...
as you can see, we re testing structure zones(light purple box) and can be looking to test next support zone. RvR ratio is looking 3.1 pips to be collected ladies an gentlemen!!! Risk:40 Pips v Reward :125 Pips
We have USDJPY on daily chart that has been on a uptrend for a very long time and now it's looking like it reached its high level around the 139.400 and it's giving us the sign of a possible reversal coming up for the week. There is the uptrend trendline it's been respecting, and it looks like we will be breaking the trendline indicating a huge sign of the sell...