USDJPY hit my stop loss earlier today as it continued to push up passed the resistance, on our higher timeframes we can note that since USDJPY didn’t go in the direction of our short term Sell order we can expect to see it push further up. Will be uploading my medium/long term view of USDJPY as the day progresses.
On the 4H chart ACB has dropped out of a head and shoulders pattern list winter with high volume into a downtrend with lower volume now into support / demand as shown by the Luxalgo indicator. The anchored VWAP is also trending downward with support at the minus 1 and minus 2 standard deviations. The volume profile shows the majority of the recent share...
Price action is setting up for sellers to take control as we could see a potential H&S pattern printing within the bear flag structure stsrting from the strong impulse down at the double top range. Wait for bearish confirmation before entering a sell position. Thanks Trade Safe
Price action is developing a flat formation which we may see one more leg down before the next impulse phase. We can see a clear uptrend in the HTF which a long opportunity at the bottom of this structure giving is double bottoms would be a good opportunity to buy. Thanks Trade Safe Share your opinion by leaving a comment below.
GTN has amazing fundamentals in Broadcasting sub industry compared to its peers, technically at the bottom of an expanding long term wedge, and we're going into political ad season and its market is in many swing states that will see high political ad spending; this has a tight risk stop loss at 18% and easy upside of 80%; I will take a measured long position...
Price action is shifting from a bearish market to a potential bullish one. Price is currently moving within a decending channel which is at a level that has had a strong reaction too previously indicating that we could see the next bullish phase begin. To add confluence to this set up, we could see a H&S pattern which the Right shoulder could be in the beginning...
Price has created a strong reversal impulse followed by a developing bearish correction indicating more downside is likely. Wait for bearish confirmation before taking this short opportunity. Thanks Trade Safe ** If you felt this trade waa helpful in any way, hit the LIKE button and FOLLOW me for more educational ideas and analysis **
Price action moving within an ascending channel which indicates a reversal is forming. Price could make one more leg up before a making its way to the lower boundary of the channel. Thanks Trade Safe **If you felt this idea was helpful in anyway hit the LIKE button and FOLLOW me for more educational ideas and analysis **
Price has correctively pulled back to an area which we saw a strong impulse push downward breaking structure indicating could see a potential reversal occur at this level. If we don't see a bearish confirmation validating a sell, I will look for a different that meets my trading plan. Thanks Trade Safe ** If you felt this idea was helpful in any way, hit the ...
Price is correctively moving within an LTF ascending channel within larger reversal structure which we could see a sell opportunity to bottom of HTF channel. If we don't see a bearish confirmation to validate this sell, I will not take this trade. Thanks Trade Safe ** If you felt this idea was helpful in any way, hit the LIKE button and FOLLOW me for more...
Price action is shaping up for a bearish run as price was unable to continue the momentum and fell short of a double top level on the HTF. Looking at the lower time frames we can see a potential H&S printing retesting the March high indication more bearish price action is likely. Look for a short to the lower trendline. Thanks Trade Safe ** If you felt this...
Price action is in a down trend as we can see on the HTF price is moving within a decending channel. Looking at the LTF we can see a short term sell opportunity as price is potentially completing the right shoulder of a Head & Shoulders pattern which in nature is a bearish indicator. Look for a short entry around the neck line of 0.885 that fits your trading...
Price action is shaping up for a sell opportunity as we can see a price is completing a bearish continuation indicating further downside is possible. Competition of this correction is also a 3rd touch on the upper trend line. Find a risk entry or a reduced risk entry that meets your trading plan Thanks Trade Safe **If you felt this was helpful in any way, hit...
Price action has been shaping up to see a continuation in momentum as we can see a bullish flag pattern created which as we know indicates more upside is evident. Ensure proper risk management is applied, find an entry and exit that meets your trading plan. Click the LIKE button and FOLLOW me to share more analysis and educational ideas. Thanks Trade Safe
EURJPY has been shaping up for a big sell opportunity as we can see price was rising within an ascending channel which impulsively broke downward forming a bearish correction. Double tops have been confirmed indicating more downside is possible. As we see many different target levels that price could test, it may take weeks for this sell to make its way all...
hope all you traders are doing great! here are my observations of the s&p... - so for two days (thursday and wednesday) the market was at a level of support, and price tried to breakout of this support level (on lower time frames) but broke back in to show that it has been respected - the rejection of yesterdays daily candle are seen as an inverse head and...
As a trader, it's important to not only identify potential trading opportunities, but also to manage risk effectively. With that in mind, based on my analysis of the EURAUD pair, I have a bullish bias on the 4-hour timeframe. One reason for my bullish bias is that the pair has broken through a major resistance level , and has made a new higher high. This...
EURAUD IS on a general down trend and aims to break the current resistance. The recent bullish run was another opportunity to encourage more sellers . Now wait and see.