Mike4634

Mike4634

Very strong bullish momentum present. Looking for a nice bullish candle to open and close before going long.

Mike4634

it appears that bears has lost power on 161.684 level. You can see 3 pinbar candles with long wicks to the bottom indicating that bears have FAILED to push price lower. Hope im reading this correctly. What do you guys think ?

Mike4634

Going Long on USD/JPY. Green line is local resistance and orange line is resistance from H4 timeframe. I placed my stop loss just below strong support level tested numerous times. Did I enter into this trade too early? Will price continue to head down?

Mike4634

Daily Chart shows strong Downtrend. Green Lines shows potential take profit targets. Other traders are looking to go long for USD/CAD and im wondering why? Am i missing something here? What i am seeing now is that price has reached a strong support level tested multiple times in the past and is currently consolidating. Im waiting for a break & retest to continue...

Mike4634

Thinking About going Short. Using 1D Chart. Green Lines Portrays Take Profit Targets. Red Lines Portray Stop Loss Zone. What do you think?