AdamReid

AdamReid

Without a strong push above 1265 and an immediate dip below again lines up a fantastic risk to reward selling opportunity.

AdamReid

Simply failed to push higher. Tight stop with a great risk to reward ratio targeting 0.8151

AdamReid

Short the eurjpy as price rejects resistance after making a new lower lows and failing to make a new structure high. Fib confluence with multiple rejection candles and a slow down point on the higher time frame. First targets at previous support low looking for a push lower

AdamReid

EURUSD Short price action entry with higher time frame analysis for direction. Three potential target levels

AdamReid

Eurjpy short. Target 120.000. Good risk to reward. Aggressive entry

AdamReid

Quite an aggressive entry after rejection of immediate resistance. Monthly Resistance at the round number of 1.0700 so stops above that level. Targets at 61.8% retracement towards bottom end of the channel, 2nd targets down at the previous swing low

AdamReid

No surprise to see price stalling at the round number of 0.7000 Back into structure for a retest. If price holds this level it's time to look for entry reason to get short with target down at 0.6900

AdamReid

Looking short for a daily swing position retracing after the slow down at resistance. Good risk to reward looking for targets down at previous structure breaks which line up with a couple of fibs giving a nice point of confluence

AdamReid

Usdjpy holding at trendline support where price has bounced three times previously. With the RSI oversold giving us a reading of 10 we could look to see a short term pop from this level

AdamReid

Two Gartley opportunities both long and short. The bearish pattern completes at a level of previous structure looking back.

AdamReid

As the market holds a trend line it is also paused at what would now be a resistance level. We can see that has bounced a few times as both resistance and support. If the bulls step in pushing prices up then there is a bearish cypher completing at 1.1544. Something for the watch list.

AdamReid

Within a bearish channel a bearish cypher formation completes up at 1.2877 Not only does the pattern complete at a level of structure as marked by the arrows but it is also touching the upper channel trendline, a nice point of confluence. Potential targets using fibs or structure.

AdamReid

Bullish Gartley pattern completing at 1.1171 Overall price action making higher lows and the d leg completing at a point that could be the next higher low / pull back

AdamReid

A double bottom with RSI Div formed at structure. It's at market but if it moves in the right direction then we could wait to see for a 2618 entry opportunity

AdamReid

The market broke out creating a new structure high and has now retraced back down to the original break point. Along with support there is a Fibonacci 61.8 retracement level, IF price retests the 1.0966 level again and holds giving us a double bottom then that could be a reason to get long looking for a continuation play.

AdamReid

Double top at market, resistance structure level potentially holding.

AdamReid

The double top at structure is followed up by a potential 2618 trade to get short. For enrty price needs to hit the 61.8 fib level from the last leg of the double top.

AdamReid

Looking to see if the GBPJPY will roll over and get us filled on the bullish bat pattern completing down at 171.689