tylerpedley

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Markets Allocation
100 % forex
Top Mentioned Symbols
USDJPY 66% | 2 EURUSD 33% | 1
tylerpedley tylerpedley EURUSD, 240, Short ,
EURUSD: EURUSD 4H Short, Bounce from highs
52 0 0
EURUSD, 240 Short
EURUSD 4H Short, Bounce from highs

EURUSD on the 4h bouncing from highs, simple S+R trade back down to range lows

tylerpedley tylerpedley USDJPY, 240, Long ,
USDJPY: USDJPY 4h Long- Trendline Bounce + Pivot Point Support + Low RSI
60 0 1
USDJPY, 240 Long
USDJPY 4h Long- Trendline Bounce + Pivot Point Support + Low RSI

Looking at USDJPY on the 4h timeframe we can see a clear trendline bounce with 2 confirmation candles. Low RSI shows a clear oversold making the trendline hard to break. Adding to the support there is the pivot point just on the trendline. Targets towards the top trendline but being cautious of the MA zone that is on the P pivot point acting as resistance.

tylerpedley tylerpedley USDJPY, D, Short ,
USDJPY: USD/JPY Short. Trend line bounce, continuation entry
97 0 2
USDJPY, D Short
USD/JPY Short. Trend line bounce, continuation entry

The price has bounced off the daily trend line resistance and is a good entry for a down trend continuation. Stop losses just above the trend line / previous high and with take profits at previous low (or lower for 2nd targets)

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