telferrenaldo

telferrenaldo

EURJPY buy, Price action on a trend basis on the daily timeframe is showing an uptrend with price retesting a key level in the market. Scrolling down on our 4h timeframe we can see an area in the market where price is failing to break the lows a reversal can be observed in accordance with the trend. In addition, most retail traders at the time of this are shorting...

telferrenaldo

AUD/jpy buy, Price is retesting a major BOS on the daily timeframe as we can also see price is in a strong uptrend market. Scrolling on the 4h time frame we can see where the bearish momentum is decreasing and the market is moving side ways, on our hourly timeframe we can see triple bottoms being formed and also on our intraday timeframes we are seeing rejections....

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GBP/USD has being range bounding for a good while on the daily timeframe, for the first time we are seeing where price has broken below the consolidation levels and came back for a retest. What we can expect is a head to the downside with market structure supporting this idea. Scaling down on our 4h timeframe we are seeing a potential double top being formed...

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GBPJPY is a sell, Price is at a key level on the daily timeframe where it has rejected multiple times to the downside and now we are testing that level of resistance. The RSI is also slowly approaching the 70 line which indicates a sign of overbought and a potential reversal to the downside , price is also looking to cross SMA 14 which could also support the...

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CADJPY buy, The daily is showing a strong uptrend with price testing the previous break of structure. In my opinion , this uptrend will be maintained and a push to the upward side might be quite realistic. Approach with caution and look for the best entry on lower time frames

telferrenaldo

EURJPY buy, The daily is showing a strong uptrend and we are at key level in the market where price is retesting the previous low. A fake out might be observed near the area before price pushes to the upside. Price is also approaching the RSI 30 line on the 1hr, Based off currency strength also we can see where other EUR pairs are also exhausted and a time for...

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GBPUSD is a buy with daily showing signs of upward movement to the daily highs of 1.28085, on the 4h we can also a see an uptrend with price retesting the previous BOS. USD pairs showing signs of downward movement which indicates an upward movement in pairs trading against the USD

telferrenaldo

AUDJPY. Price is at a major level in the market where price previously bounced from this daily resistance level, scrolling down on our 4h timeframe we can also see multiple wick rejections forming at this key level , rsi also approaching its 70 mark where price previously rallied off at. Scrolling down to our 1h we can see a tripled top pattern being form...

telferrenaldo

USDJPY can be shorted down to 146.345, overall trend is an uptrend however rsi is printing a level of overbought on 4h with a strong double top forming indicating a short term trend to the downside, priced has also slipped below the 14 SMA. Stop loss at 148.631 and tp at 146.345