Price has entered the Fib. levels so we have a nice PRZ in sight. The correction to the downside looks like its going to re-test the bottom support zone before it makes its way up. :)
Price should be moving up since it bounced off the bottom trendline. Stochastic leaving the oversold area. We still in the correction trend. :)
Trade this setup up with confluence. I'll update this idea on a lower timeframe/chart. :)
Stochastic oscillator leaving oversold area. Price also bounced off the bottom trendline :)
Price has probably reached a lower high and its going to make its way down again. At the previous top we have a nice bearish divergence. The market seems to have retraced within the Fib. zones. If you use bollinger bands in your strategy you'll see that your candlesticks are touching the top bollinger band. There's a lot of confluence in this setup so lets keep watch. :)
Wait for the leg to finish retracing before buying. :)
Price is re-testing the resistance zone. Price is most likely to drop again. We have a nice over bought area on the stochastic. A little more risk is involved in this trade since its on the 15min chart so trade with confluence and only if your trading plan agrees. All the best :)
Correction to the downside looks like its over and the stochastic is also oversold. Fib Zones has been reached. Great head and shoulders pattern. Long term buyers. :)
Price is currently at a strong resistance zone. We can expect a retracement/correction to the downside before going long again. I'm looking to short this pair when my trading plan agrees. Stochastic is approaching the overbought area. We also have a nice bearish divergence for a sell on the 1 hour. :)
Candlesticks are approaching strong support zone. Do not buy until you have confirmed the trend has changed. If the bearish trend passes below the box, consider the setup invalid. Always apply risk management :)
Nice Bullish Pattern on the 4Hour chart. Buy the retracement leg before selling some more. Price bounced off a nice support zone. Always apply risk management. :)
I'm looking to sell this setup since it has approached a strong resistance zone. I do believe the trends upward impulse momentum has slowed down so expect a nice correction before selling. Stochastic is also nicely overbought. My Target area: 78,200 - 78,000 Always apply risk management. :)
Strong resistance and nice bearish butterfly
Stochastic overbought on the daily. Trend has reached a strong resistance zone. If the trend continues to move up and passes the box consider the harmonic pattern invalid. Wait for your sell signal. Always use risk management. :)
Bullish impulse losing momentum. Expect retracement. Trade using risk management :)
Divergence and bearish pin bar sighted near the PRZ zone. Resistance zone goes way back to 2016:12:15. Significant/strong turning point. Please keep an eye on this setup. Always apply risk management :)
Possible sell on the USDJPY. :)