Hello Traders, It is easy to spot the downtrend on the EURJPY . Let's see whether we can spot an opportunity to short this pair. Resistances : 124.812, 125.016 Supports : 124.505, 124.202 I set a SELL LIMIT ORDER below the resistance 124.812 set the SL above the next resistance 125.016. TP is set at the support 124.202. See the arrows for my graphical...
Hello Traders, We are seeing harmonic downswings on the GBPCAD and we have just entered a short trade on the recent pullback. Resistances : 1.70991, 1.71472 Supports : 1.70045, 1.69321 I set a SELL LIMIT ORDER below the resistance 1.70991and set the SL above the next resistance 1.71472. TP is set at the support 1.69321. See the arrows for my graphical...
Hello Traders, The AUDJPY is trending up and we are now looking for a pullback to enter this trade. This uptrend is driven by the recent interest rate decisions of the Reserve bank of Australia . Even though the interest rate was unchanged, the results were expected worse, which resulted in a bullish impulse on the chart. Resistances : 79.805, 80.245 ...
Hello Traders, The EURGBP is trending up and we are now looking for a pullback to enter this trade. Resistances : 0.87912, 0.88394 Supports : 0.87442, 0.87185 I set a BUY LIMIT ORDER below the support 0.87442 and set the SL below the next support 0.87185. TP is set at the resistance 0.88394. See the arrows for my graphical projection. Entry :...
Hello Traders, The AUDNZD showed bearish momentum after the break of a trendline. We are now testing the resistance 1.05052 where we hope to get short. Resistances : 1.05052, 1.05211, 1.05309 Supports : 1.04755, 1.04511 I set a SELL LIMIT ORDER below the resistance 1.05052 and set the SL above the next resistance 1.05211 . TP is set at the ...
Hello Traders, The EURJPY showed very bearish momentum after the break of a rising wedge pattern. After the retest of our resistance 124.902 , there is a good opportunity to enter a short trade . Resistances : 124.902, 125.293 Supports : 124.457, 124.050 We are now testing previous market structure at the resistance 124.902 where we expect a rebound...
Hello Traders, Yesterday the EURUSD showed very bullish momentum after the FOMC release . After the test of our resistance at 1.15154 , price then entered into a corrective phase. Resistances : 1.14832, 1.15154, 1.15402 Supports : 1.14413, 1.13951 We are now testing previous market structure at the support 1.14413 where we expect a rebound and a...
Hello Traders, Recently, we've seen bullish behaviour on the CADJPY . We can see two bullish upswings and currently we are in a corrective phase. Now price has returned for a retest and that's where we'd like to go long. I set a BUY LIMIT order above the retest and set the SL below the low of the swing. TP is set at the 100% extension of the previous...
Hello Traders, The USDJPY has been ranging for a while now. The range is contained by the 2 thick horizontal S&R-levels. We are now interacting with minor S&R-levels inside the range and recently we broke out of the bottom half of the range. I set a BUY LIMIT order above the possible retest of the support at 109.500 and set the SL below our recent ...
Hello Traders, Recently, we've seen bullish behaviour on the AUDCAD . We can see two bullish impulses and the break of a flag pattern. Now price has returned for a retest and that's where we'd like to go long. I set a BUY LIMIT order above the retest and set the SL below the low of the flag pattern. TP is set at the high of our range. See the arrows for...
Hello Traders, Our support on the GBPUSD did not hold and we got stopped out. However, now we found another opportunity on this pair. Price now is at a support level and I expect a correction after the recent bearish candles. See the arrows for my expected price development. I am entering this trade via a SELL LIMIT order at the pullback. The SL is set above...
Hello traders, A very simple trade setup on the GBPUSD using buy limit orders and basic price action.
A simple entry in an early established trend using buy limit orders.
Hello Traders, In this video I'll be talking about wedge patterns and the fib extension tool.
Hello Traders, We are looking for a retracement of our previous impulse on the EURUSD. If the retracement comes, we'd enter via a buy limit order to go long.
Hello Traders, Here is my technical analysis on the EURJPY. Enjoy!
Entry -> SELL 0.71241 / SL -> 0.71484 / TP -> 0.70954