Danparkin

Danparkin

Good evening traders, I hope the weekend has been enjoyed and you're all ready to tackle another week. Here we have a short opportunity on USD/JPY for the coming week. now there is a LOT of USD and JPY news this week so be careful as there may be lots of volatility. • Price is currently overall bearish so we would look for Sell Opportunities. • Marked with the...

Danparkin

Here we see a possible set up on the 1-hour Timeframe for AUDJPY. The price is currently creating a Bearish Wedge/Flag pattern on the 4-hour timeframe. Marked in Green we have a fresh level of Supply which is clearly visible on the 1, 2 and 3 hour timeframe. I would like to see this Supply Zone (which is also a key institutional level @ 74.000) broken to the...

Danparkin

Price has been in a big range since 3rd June which means there will be a lot of retail activity trading these movements. We've seen 3 strong rejections off the marked resistance so we'd like to expect this is becoming weak. Price is currently sat at a 4hr Demand Zone which is also a 'Key Institutional Level' (meaning the market makers will have orders placed...

Danparkin

Here we have a 4hr chart for EURUSD. The price is currently testing a fresh 4hr Supply Zone. We have already seen a 'fakeout' of the Retail Resistance level which will bring retail buyers into the market. Smart Money as always has pushed the price down in order to take out the stops of all those resistance/retail buyers. We expect a pullpack into the supply zone...

Danparkin

Here we see GBPJPY on the 4 hour chart. we're currently in a bearish market as lower lows and lower highs are being created. The current price is at a key aread or resistance but also sat in a fresh level of supply. I would like to see a break of this resistance which is marked around 134.000, this would bring in the Retail Buyers before we see smart money...