Holmes94

Holmes94

This Pair has been in this Downward Channel since Jul 21. It is approaching the upper boundary which intercepts with a weekly resistance. I plan to sell on that area of confluence. Tp is the lower boundary which intercepts Monthly support 0.885

Holmes94

EURJPY has been in an Uptrend since May 2020. It broke out in Jun 2021 and entered a downwards channel, Jan 22 it rejected for the third time on the upper boundary of the Down channel. I expext it to go back down and test the lower side then rally and break out to the former high of the overall Up trend

Holmes94

Pure PA: Price has rejected the major zone 91.8 since it first tested it on Oct 2021. Afterwards it has traded to and from the area since to collect momentum. Now On its third try it has rejected even lower than the previous two tests and the candles have so much more Selling pressure (Upward wicks)hence Bears are gaining Control

Holmes94

Looking for reversal candle arround CMP and if not found then we wait and look again when price reaches red trendline.

Holmes94

As comfirmation i think a pending order just below the last structural low is safer

04:22

Holmes94

If it plays out as predicted I see a Swing rally into 2020

Holmes94

my entry shall be by pending order when the last broken zone is retesed

Holmes94

Looking at GU on Monthly it should break the support 1.269xx to fill the range and wick down to1.178xx Comfirmation should be when the zone is broken and retested

Holmes94 Updated 

If market is to open bearish, we put the foot down

Holmes94

Confirmation to enter the trade is when Trend line breaks

Holmes94

Since the pair is retesting a previously broken Support(Now resistance)