Looking to enter NZD/JPY longs when price entered a region of support at 72.440.
Looking for a target take profit at the top of the downtrend channel. High risk trade due to the underlying downtrend, but rather good Risk to Rewards trade.
The price action is reaching the top of the downtrend channel. NZD seems overly extended to the downside over dovish reports. Additionally, this entire move seems to be a corrective wave structure, downside is still of higher probability. Would enter in a short position here.
TP 1: 1.64400
TP 2: 1.63600
Strong bullish momentum, recent candles broke the level of resistance and have retested that region. Current candle seems to be rather bullish, however would still need to observe the closure of the current candle. I am anticipating a bullish move in the US session in few hours time.
TP 1: 110.800 (+20+pips depending on your entry)
TP 2: 112.000 (this is based...
If anyone is looking at this chart, no way in hell are they shorting this pair! Fundamentally Silver moves similar to Gold. The upside potential for Silver is massive! Take a look at the weekly charts and let me know whether you agree or not.
Technical-wise: Silver just rejected the bearish move after touching 0.618 fibs level and has shown pretty strong bullish...
Am looking to take a short should the daily candle close within the descending trendline I have drawn in my analysis. Confluence with at least 10 times the price touched 1.13420 levels over the past 2 months and failed to close above those regions. Am looking for the first take profit regions to be at the previous daily candles wicks, and further take profits at...
Entered into a short position 2 days back, shifted stop loss at breakeven and got stopped out thanks to the flash crash that happened a few days ago. Shorting it at previous daily resistance level at 1.71700. Which is also at the top of the daily channel, and it also coincides with the Elliot Wave analysis.
Lets see where this goes!
A little messy, but took a short position in EUR/JPY. Daily descending channel, with prices consolidating around the top of the channel. Seems to be range bound unless it breaks below 0.5 fibonacci levels. Will be sizing out my positions at TP1 and leaving the rest to run till TP2. Pretty good Risk-Rewards ratio, that is why I have taken a bet on this pair.
TP1:...
My previous DXY Setup invalidated since it broke below 0.618 fibonacci retracement levels. Will be looking for a bounce back up to 96.40 levels before heading back down. Could potentially see DXY head back down to 94.00 regions. That would mean that most major pairs such as EUR/USD, GBP/USD, AUD/USD could see potential long opportunities these weeks.
Always...
