My favorite setups are entries on breaker that has an FVG present, and overlapping timeframe FVGs
Well, last trade did not go well... they appear to be seeking a higher area, so I'll try a re-entry short to get some money back. "Chart Idea" trading is not really my thing, but I'm giving it a try and see if I can't get better at it. A lot of what I do is very real time and I make a lot of adjustments, so this is a challenge for me, but I'll keep at it. Anyways,...
The USD Strength Indicator's relationship with the SDR basket is foundational to understanding global currency dynamics. Since the SDR comprises major currencies like the USD, Euro, Yuan, Yen, and Pound, the indicator's assessment of USD's performance against these currencies offers direct insights into its comparative value. This evaluation helps gauge the USD's...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 186.906 Why we like it: There is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 188.919 Why we like it: There is a pullback resistance level Take Profit: 184.474 Why we like...
USD/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 147.096 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Stop Loss: 147.927 Why we like it: There is a pullback resistance that aligns close to the 78.6% Fibonacci retracement...
CHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 169.819 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 23.6% retracement and the 100.0% projection. Stop loss is at 168.700 which is a level that sits under a swing-low support. Take profit is at...
AUD/JPY is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 96.915 which is a swing-low support that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 78.6% projection. Stop loss is at 96.430 which is a level that sits underneath a swing-low support and the 100.0%...
CAD/JPY is falling towards a pullback support and could potentially break under this level to drop lower. Sell entry is at 109.768 which is a potential breakout level. Stop loss is at 110.370 which is a level that sits above a pullback resistance. Take profit is between 108.953 and 109.15 which is a swing-low support that aligns close to the 61.8% Fibonacci...
On my view, its a bear turn at top and can make a major trend reversal at top. Risk reward is not so good, but probability is so nice. Trade safe. Good luck.
USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 146.720 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 145.750 which is a level that lies under a pullback support and the 100.0% Fibonacci projection level. Take profit is at 148.803...
CHF/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 171.379 Why we like it: There is a pullback resistance that aligns with the 100.0% Fibonacci projection level Stop Loss: 171.072 Why we like it: There is a resistance that aligns with the 127.2% Fibonacci extension...
AUD/JPY could fall towards a pullback support and potentially bounce higher towards our take-profit target. Entry: 96.649 Why we like it: There is a pullback support that aligns with the 100.0% Fibonacci projection level Stop Loss: 96.143 Why we like it: There is a swing-low support that lies under the 127.2% Fibonacci extension level Take Profit: 97.748 Why we...
AUD/JPY could fall towards a swing-low support and potentially bounce off this level to climb higher. Buy entry is at 96.652 which is a swing-low support that aligns with the 100.0% Fibonacci projection level. Stop loss is at 96.00 which is a level that sits under a swing-low support and the 127.2% Fibonacci extension level. Take profit is at 97.748 which is a...
CHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 169.819 which is a pullback support. Stop loss is at 168.700 which is a level that sits under a pullback support. Take profit is at 171.578 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries...
EUR/JPY is falling towards a pullback support and could potentially bounce higher towards our take-profit target. Entry: 160.176 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 158.608 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement level Take Profit:...
CAD/JPY is falling towards an overlap support and could potentially bounce higher towards our take-profit target. Entry: 109.543 Why we like it: There is an overlap support that aligns with the 61.8% Fibonacci projection level Stop Loss: 109.129 Why we like it: There is a pullback support that aligns close to the 100.0% Fibonacci projection level Take Profit:...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 109.115 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 107.890 which is a level that sits under a pullback support. Take profit is at 110.384 which is a pullback resistance. High Risk...