Veejahbee

Veejahbee

Price completed an impulsive wave 1-5 and about to complete the corrective ABC wave. . The ABC correction which is likely to reverse from a confluence of ascending trend line, support level, and 38.2 Fib of the previous impulse. . Considering that price is in an area of value, we will wait for the break of the blue Counter Trend Line for a buy entry. . Price has...

Veejahbee

Price broke out of the consolidation support and made a new low. . Price has retraced and retested the broken structure that lined up with a descending trend line, moving averages and 61.8 golden Fib ratio. . Considering that price has reached an important confluence level and broken out of the Counter Trend Line, the price has the potential to move down towards...

Veejahbee

Price completed a motive contracting leading diagonal wave and made a corrective ABC structure. . The ABC corrective structure also ends with a double bottom pattern at the support confluence level and price has the potential to move up towards the resistance level. . Considering that the price has broken the counter trend line, all the bullish criteria has been...

Veejahbee

Price broke out of resistance level and made a new high. . Price made a pullback and retested the broken level that lined up with H4 ascending trendline, 50.0 Fib ratio, moving averages. . Considering that price has broken the corrective structure counter trend line after rejecting the confluence levels, the price has the potential to move higher towards the...

Veejahbee

Price reversed from a resistance zone and broke out of ascending wedge. . Price has made a corrective structure and retested the broken structure that lined up with resistance level, 3rd rejection of minor descending trend line, 61.8 Fib ratio and moving average. . Considering that price has broken corrective structure CTL, the price has the potential to move...

Veejahbee

Price breaks and retested broken support level that lined up with H4 moving averages and 50.0 Fib ratio. . This swing is also a possible Wave 4 of ending diagonal wave and price has the potential to move down towards the support zone & -27.0 Fib area to complete the Wave 5. . Price has also made a daily bearish engulfing candle and inside candle which are further...

Veejahbee Updated 

On the daily timeframe, price reversed from a weekly resistance (also neckline of higher timeframe H&S pattern) that lined up with the 3rd rejection of descending trend line and broke out of an ascending trendline. Currently, the price is making a pullback to retest the broken ascending trend line which also lined up with minor resistance zone, 50.0 Fib ratio,...

Veejahbee

Price is going through an ABC corrective wave move after the completion of the motive impulsive wave. . Price reversed from a support zone after the completion of impulsive wave A leg, and it has the potential to move up towards the confluence of resistance to complete the B leg of the corrective structure. . Once price completed the potential B leg of the wave,...

Veejahbee

Price reversed from a weekly support zone and broke into fresh high which completed impulsive Wave 1. Price has retraced to retest the confluence area where mean value, 38.2 Fib ratio, and swing level lined up and also completed corrective Wave 2. Considering that Wave 2 has completed with an excellent zigzag structure at our confluence zone, we will wait for the...

Veejahbee

Price reversed from weekly support and broke out of midterm descending trendline and resistance zone. Price has the potential to retest the broken resistance level that is lined up with 50.0 Fib ratio and moving averages as support to make an upside continuation move to the weekly descending trendline & resistance zone. Considering that the correction has...

Veejahbee

Our previous trade setup on AUDJPY has been stopped out after a formation of deeper ABC corrective wave. Currently, the price is retesting the broken descending trend line and resistance level as new support again leading to a double bottom pattern on that zone. Considering that we have bullish price action signals formation such as pin bar, doji and engulfing...

Veejahbee

I'm revisiting the AUDUSD bullish trend continuation trade setup. After the first setup I posted earlier shy few pips from our 1:4.1 TP zone, we had a slight pullback to the broken daily swing level. Since the price has made a decent retracement to our confluence level and gives us an excellent Counter Trend Line placement, we have the potential to see a further...

Veejahbee

In the CHFJPY H4 chart above, the price made a strong down move followed by an inverted Head & Shoulder pattern. Price reversed from the weekly support level as well as 78.6 Fib ratio to complete the right shoulder of the H&S pattern, and it broke out of Counter Trend Line (CTL). Price made a double bottom on the support level before the breakout of CTL which...

Veejahbee Updated 

This is an update on previous GBPAUD post. Now the price has broken the CTL and also retested the local S/R level before the breakout. Now, we are just waiting for this pair to plummet. Trade responsibly. Follow @TheKissForex on Instagram for more Forex trading tips.

Veejahbee

As you can see from the chart, the price change direction into a bullish trend scenario after making a double bottom pattern and broke out of the long-term descending wedge. Now, the price has retraced back to retest the double bottom neckline which also a weekly SR level and even lined up with our 50.0 Fib ratio and moving averages. Considering that price has...

Veejahbee Updated 

We have been tracking EURJPY since the beginning of this trading week. Now the price has broken our CTL after rejecting a daily demand zone and 50.0 Fib ratio. We have seen two doji candles on the daily timeframe. Short entry is valid now, but a little exhaustion move to retest the broken CTL is expected before the price extends to the target as...

Veejahbee

We have a previous bearish trade setup on EURJPY (Check the related link for the previous setup). Now price is rejecting important weekly support + H4 descending trendline which is a red flag to our short trade. Besides, other correlated JPY pairs like CHFJPY and AUDJPY are also rejecting a significant key support level which gives more validity for impending...

Veejahbee

From the chart, we can see that the market is transiting into a bullish trend, so our goal is to look for long entries. Considering that the correction is completed and reached an important confluence level, we can enter long after a proper counter trend line break.