PURPLE ARROWS - resistance
ORANGE ARROWS - support
As you can see price has been used for support and resistance on both timeframes on a regular basis, Now price is almost at this level so we will be looking for a BREAK or BOUNCE of this important level... if price BREAKS and closes above this level we will BUY, if price BOUNCES and closes below this level we...
- Price has held between 0.618 to 0.382 levels
- Bearish candle has formed below previous bullish candle
- Price has tested resistance twice before.
- Price may retest the resistance line again before breaking
- Confluence around resistance level
- Price tested resistance again
You can see our purple arrows point out where price has been used as resistance and orange arrow are where price has been used as support.... it really is that simple!
If you can find these levels on a chart you WILL make money in the market... if not then there really is no hope!
The big boys and the government have purposely put information out there to make...
Looking to Buy GBPUSD from the Buy range (1.28000-1.28150) , Target is near the 1.29000 level (+-100pips).
Only enter this trade if you see a reversal pattern or bullish price action on the 1H chart.
We can see indecision candles forming on the daily , this can result in price consolidating between these two levels.
I've been long on this pair since last Tuesday (check my previous post on Feb 6) and have been adding long positions since. I've taken profit on half
these positions but have now added another long position as I believe this is a perfect pullback. As you can see it is near a demand zone and also sitting on top of the 4 hour trend line.
Trade safe and good luck!
USDJPY has been trading in a bullish corrective triangle pattern on the weekly chart for a while now & the E wave upwards is in play.
We are expecting overall bullish price action to occur for huge profit targets of 200+ pips (possibility of further extension).
This chart is showing a nice long trade setup on the 4H timeframe.
Using a schiff...
If you have followed my previous post on this pair, you will see my group profited from a sell setup on this pair. I have now gone long on USD/JPY as the previous SELL ZONE has now been broken. I have marked in blue where I feel this pair will be heading next.
Trade safe and good luck!
USD JPY , is about to explode for one of the directions! We can see that we are consolidating around 109.831-110.00.
At this moment a clean break of the trend line will take us to 110.350 or even 110.600.
However a daily break of 109.70 can take us to the lows of 109.050.
This is a trade that you do not want to miss!
All of the best
A possible short term retest of 109 followed by the base 4 hour trend line base of the triangle followed by a monstrous move to the upside taking out the psychological level of 110 and shooting up to 111.
This is not financial advice.