USDJPY LONG, BUT WHY?
HTF - Daily, reached a solid support and resistance level. We didn't quite get a 3 bar reversal, not helpful due to the overnight trading sessions (UK TIME)
We have pulled back into my trigger zone, my rules confirm a bullish trend has formed on the 240 chart
We have a higher high higher close on the 60
This is my final entry for...
On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get...
We have just completed the D leg aggressive entry for a cypher on the GBPUSD.
I am aiming to take target 1 at 1:1 and then leave half position on to hit target 2.
There is a lot of news to come for this pair over the next few days so trade carefully.
We trade pure technicals here.
Price isnt yet at extremes so you may want to wait to see how price reacts at...
Possible breakout bullish trade, If we can break above this channel,
we could wait for a conservative entry, maybe a double bottom if we get a retest of structure on a lower time frame (15) and then look to get long.
This is a trade im looking at testing and wont be entering myself.
Lets see how it plays out
Similar to the idea I posted on the AUDCAD 240. This also looks set to be going short. So two AUD shorts for us next week hopefully.
The trend on this one is shorter lived but could still be a great opportunity to get short. Again I'll be looking for price to pull in to my area of interest and give me a reason to go short.
Entry - Some sort of reversal candle...
We could be looking at a short play early next week on the AUDCAD 240. Still a way off reaching my target area yet, but always good to chart these up and plan for your week ahead.
We've had a few structure lows and are now waiting for a pull back to my area of interest. I'll be looking for reasons to go short in this area with two possibly targets in mind.
FX:NZDUSD Short based off previous structure and potential pullback.
Looking for price to pull back in to my zone drawn. Then after some bearish price action will look to enter next bar short.
Risk would be ATR based, reward at previous structure.
Currently in a long cypher with targets 1 already hit and target 2 in sight.
If we can hit target 2 and continue a little higher we could see a second cypher completion to get invoved in the short side.
I am keeping an eye on this pair for the next few days to see how it plays out.
R;R is nearly 1:1.5
Safe trading everyone