Over the past week EU has gained some strength in the currency . Currently working nicely within this price structure, My bias overall for the trend is bearish especially if price respects this upper trend line and finishes its corrective wave we could price break my 4hr TL and go to my target of 1.12991 if we get a break of 1.14310.
On the other side if we do...
My directional bias for this pair is bullish especially after having broke through a key level of resistance . As you can see price is clearly respecting this Trend line which means that we have had our pullback after breaking that key level so now we just need to wait for the break and retest of my TL and we can look for longs going towards my first target of...
I am still short on this pair , the past week we have had sideways movement with price not really doing much or giving us any direction , With price being in a corrective wave I was waiting for price to respect the upper trend line then wait for a break or bounce to restart the impulse wave , If price dosent respect this structure then I am looking for a break of...
Still the same analysis as the previous week , so now the corrective wave has finished I am looking for a strong bearish close below 0.65327 preferably a shooting star to indicate the bearish move. If price does break this level and go to my target of 0.64380 it will carry on respecting this current price structure which makes this pair quite enjoyable to trade.
Price is moving nicely through this structure , Bias for this is bearish , I am hoping for price to break my daily TL and form a strong bearish candle to close below my Daily key level of 85.679 then my target is 84.066 which is a key level marked out where price has used this level of support over 4 times so i believe if we break my Daily key level 84.066 will be...
Price is moving nicely through this structure , Bias for this is bearish , I am hoping for price to break my daily TL and form a strong bearish candle to close below my Daily key level of 85.679 then my target is 84.066 which is a key level marked out where price has used this level of support over 4 times so i believe if we break my Daily key level 84.066 will be...
Price is moving nicely through this structure , Bias for this is bearish , I am hoping for price to break my daily TL and form a strong bearish candle to close below my Daily key level of 85.679 then my target is 84.066 which is a key level marked out where price has used this level of support over 4 times so i believe if we break my Daily key level 84.066 will be...
So currently NZDJPY is in a corrective wave so I am not to trade this until I get conformation of an impulse wave forming. If price breaks above 74.100 then we could see price test 74.813 key level again before coming back down and respecting the current price structure.
Now that we had have had a rejection from the the top of this price structure i am waiting to let price break below 0.65293 then I will consider shorts to the region of 0.64280 as my first target. The reason i want price to break 0.65293 is because this is a key area of support so I wouldn't consider entering any short trades until then because price can and...
I took this short trade because price broke through my 4hr tl and there were very strong bearish candles building up to the move. Also i felt that the area where price got too that area was going to get tested again.
I took this short trade because it was a key area where price was trying to break through so when price did break i knew it was heading towards next area of support.
Price has broken our tested trend line just waiting for confirmation of downwards movement after retest , First target is 86.02 followed by 85.569, just waiting for price to break through a key area highlighted and also the TL i have placed on 15 min TF
The reason I am going to take this trade if price breaks my TL is because price broke out of a respected chart pattern that had started in april and been respected since , daily key level 75.577 is a very key level and i believe it will be tested again , if we are to break this level i believe we ill see more bullish movement to 76.369 which is another key support level
