TkCha

TkCha Updated 

EURJPY currently in a ascending triangle. I'm currently anticipating for a break out to either the upside or the downside targeting 125.800 price level on the upside or 124.650 level on the downside. At the moment, indicators are pretty neutral so we'll have to rely only on price action. However, I'm leaning more towards a break out to the downside as price had...

TkCha Updated 

GBPCHF 4H & 1H time frame has a good amount of confluences between indicators and price, showing bearish divergence. We are at a pretty nice area of interest where previous price action has bounced off this resistance level of 1.31000 - 1.31700. 1.31000 - 1.31500 price level is an ideal area to short this pair to previous resistance turned support, which is around...

TkCha Updated 

On the daily time frame, we can see that price had been rejecting off 1.74700 - 1.75260 price zone multiple time. On Dec 31st of 2018, price had also rejected this price area and proceeded to head down. On this 1 HR time frame, you can see that bulls are exhausted. A short here to 1.73800 is an ideal first target and second target will be at 1.73000 price level.

TkCha Updated 

If you were to look at the daily time frame, price formed a double top and has rejected off the daily trend line and printed a very bearish candle that have filled the entire body of the previous daily candle. On the 4 hour chart, price had been trending up, however volume has been decreasing. So here on the 1 hour chart, a retest of 1.29100 - 1.29300 price zone...

TkCha Updated 

As you can see on this daily NZDUSD chart, the pair has been trending down and has already again touched the top of the resistance trend line. MACD is also about to cross back down. Placing your SL just a bit above the resistance line and TP near the bottom of the support line would be ideal. A simple trade set up, you may wait for price to retest the resistance...

TkCha

On the Daily chart, we see that UJ has reached a major daily support level as well as indicators are showing regular bullish divergence. Here is a good opportunity to take a long position or look for a pullback on smaller timeframe to enter. I will be aiming for 110.20 - 110.40 for my first target. Second target will be 111.20. Your SL should be at a logical level...

TkCha Updated 

AUDJPY seem to be showing bearish hidden divergence on the 1HR time frame indicators. I believe here would be a good area to short or at the .786 Fib level of where the previous break out occurred. SL should be just above the previous high and aim for 86.00 for the first target. Targets below. First Target: 86.00 Second Target: 85.00 Third Target: 84.35

TkCha

Here we see EURUSD is quite bullish. I will be watching this pair for a breakout to the upside from the ascending triangle. If you are planning on trading this idea as well, you should watch for the upside breakout and find a logical area for your SL. My first target will be 1.2600 and second target will be 1.2660 at approximately the top of the daily trend line...

TkCha Updated 

NZDJPY has broken the ascending channel down and indicators are showing bearish momentum while the pair is currently oversold on both the Stoch and RSI on the 1HR chart. I believe waiting for price to possibly retest around the broken channel to re-enter if you've missed the chance and aim for 79.500

TkCha Updated 

4HR chart shows overbought on both Stoch and RSI. Either wait for MACD to cross to enter or find more confirmations and entry level in the smaller time frames that suits your position size. Aim for 1.7200 - 1.7100

TkCha Updated 

Rising Wedge from a strong move up on EURCHF. I am anticipating this move here as shown. Any insights, ideas or opinions?

TkCha Updated 

Here, we have GBPJPY at Daily trend line resistance level. As you can see here on this 4HR chart, the pair currently show overbought conditions on both RSI and Stochastic. I believe this is a good entry level. Your SL should be at a logical area above the resistance trend line and aim for first potential target @ 153.33. 1st Target - 153.33 2nd Target -...

TkCha Updated 

Watch for break out to the downside. Price seemed to form a rising wedge in the 4HR and 1HR Chart. 4HR MACD has just crossed down while Stochastic and RSI moving down from overbought and is also showing divergence on both 4HR and 1HR chart of Stoch and RSI. I believe placing stop just above rising wedge trend line and aim for 1.36000

TkCha Updated 

Here I am seeing a symmetrical triangle along with a bullish channel in the 1HR and 4HR chart. Waiting for more confirmations at the moment but I am anticipating a break out to the upside or a break out to the downside using an unbiased directional outlook.

TkCha Updated 

On the 4HR chart it seems to me like it is showing bullish divergence on both Stoch and RSI. I am currently waiting for the MACD to cross over for a signal to buy.

TkCha

Tell me what you think?