#USDJPY 4H short idea (ABCD, Harmonics, Fibonacci, RSI Over bought) must wait for the confirmation
USDJPY at upper trendline. Heavy resistance at 118.80 if it breaks.
Bearish Cypher Entry - 179.403 Stop - 180.370 Target 1 - 178.053 Target 2 - 177.216
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible USDCAD Counter-Trend Short Opportunity 1. it is massively over bought in all time frames 2. Monthly chart is reaching a previous structure where we can see a good retrace/reversal 3. On Monthly chart it has just touched 200 SMA which can make it bounce to the down side. 10 SMA and 50 SMA...
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible NZDJPY Trend Following Short Opportunity 1. Underlying Trend is Short. It has reached a particular level where it may try to retest previous highs (there is a counter trend opportunity as well) 2. 78.6 fib at the previous high 3. 10 SMA and 50 SMA are lagging behind and around the same area...
Although we have a Bearish Cypher pattern resting right above this level, the double top on this pair still looks to be a very good shorting opportunity. A single ATR stop should get you above the structure level looking left so there's very little risk in this one when compared to the potential reward. I wouldn't expect a full blown reversal, looking at the...
Nothing too fancy here on the EURJPY just a simple structure based trade. Looking left you can see that the market has had trouble breaking this resistance level as of late. Combine that with the RSI being oversold and the existence of a double top featuring RSI featuring bearish divergence and it's more than enough for me to take a shot on. This top was also a...
Price have already been rejected on Friday but there is still some momentum to the upside in place. RSI is going overbought. Action: wait for a double top or some bearish candle formation to short
Major weekly structure confluencing perfectly with 38.2% Fib retracement of the last swing down back from 2012. The RSI is extreme overbought.
After this bullish move (J hook) a possible gap down. 3 bearish patterns and recent RSI 80< overbought.
1.Deep bearish cypher 2, AB-CD 3. RSI overbought with divergence 4. 1.50 even handle 5. Fib. cluster