Beautiful entry and the timing is perfect. Stay watching 144.00. - break and close above will see impulses up to test previous highs - bounce and close will see the melt continue
We clearly have an early tendency, meaning we need more confluences before entering. Following the wave and awaiting a new entry chance in order to fully succeed here. Stay watching 183.5 - rejection candles and impulsive bearish candle means we keep sinking - break above, close and rejection above here we are moving up
Was about to put a buy limit at 183.45 but then I looked left and looked at what happens after price kisses 184.35. 4H - Movement up has a lot of traffic (candlesticks) - HH's & HL's * Evening star giving us that last touch - bounce on 183.5 is crucial point for next move - Close below 183.24, with a followed reject we know we are going down 1H * H&S - break of...
I have no reason to be bias but you can obviously see the appeal. 4H * High (146.00), tested twice *Low (140.200), triple bottom 1H * Trend = Bearish (Zoom Out) * Rejection of 146.00 * 1 more confluence and we place sell stops and market execution 15Min - just wait for market open and candlestick close - this trade is very profitable, inline with our plan -...
Welcome to 2024 Traders and Tradingview community. So far this week, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year. The JPY has also been seeing movement, but mainly to the downside into 2024. It's the majors that have caught our attention today as we...
NZD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 89.046 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 89.520 which is a level that aligns with the 50.0% Fibonacci retracement level and also sits above a pullback resistance. Take...
We were triggered and stopped out. Which is good news because we know exactly what it means for out support, that it is still valid. We should then be looking for buy entries, either from retests or reverse candlesticks.
This did not pan out the way we expected. But because we had sell stops and they weren't triggered we are still okay, now we wait for the move to the next level before we add or minus anything.
Is it going to be the same story again for the USDJPY? In 2022, the USDJPY climbed to reach just below 152 before turning down to the 128 support level. The similar price movement played out in 2023 as the USDJPY rose from the 128 support level to retest the 152 resistance level. The USDJPY has reversed down to the 140 price area (50% Fibonacci retracement...
ZOOM OUT, GO TO THE BIGGER TIMEFRAMES, THANK ME * LL LH * Pullback wave * trend = bearish
We had the wrong thought and were in the opposite direction which is okay because that trade was not taken. Due to low confluences and a weak RR, so technically we were correct in our analysis but wrong in our forecast.
This trade has me excited because we followed our rules and it paid of. Yet in my truth of trades, I moved my SL into profit, got stopped out then TP Hit.🤣🤣🤣🤣🤣 So I appreciate that I did not donate to the market but also that the analysis was inline with the market movement.
Here is the short version of the sell bias which will also prove that we are still going down. It is not a trade will be looking for as the RR is not in my favour. None of my triggers have been hit. I will wait and watch, because I have running sells with GJ I don't want to have a bias. I want a clean and clear reason as to why I would take those sells, not just...
142.00 Most important number here. Whatever happens here will determine our next move. This buy possibility is only based on a break up through 142.00 and then reject (Support) on it where we will see it fight and reverse back. - We need a long rejection to confirm - We have what is forming a double bottom (only 1 confluence) - More candlesticks showing slowing...
These are sell stops which I had placed on the 26th of December 2023, I got caught up and forgot about them. The market is currently not moving so I am at risk of losing these. Having not paid attention I could potentially hit the risk I had planned to lose. I had seen how the market pushed in between two price points (Blue rectangles). Found the probability and...
This went well. Double top where both almost knocked out the trade. What it showed is that, that zone was highly sensitive and a great place to have a sell stop and place 2 more trades.
NZD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 89.280 which is a pullback support. Stop loss is at 88.350 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 90.408 which is a pullback resistance. High Risk Investment...
NZD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 89.249 Why we like it: There is a pullback support level Stop Loss: 88.992 Why we like it: There is a pullback support that aligns close with the 50.0% Fibonacci retracement level Take Profit: 90.405 Why we like it: There is a...