AUDJPY is in a downward channel with well-tested resistance and support trendlines.
The first trading week of November, price should react bearishly to the resistance shown in the chart.
From there, we are likely to see a price drop to the 76.00 area.
For now, however, it seems as though 200+ pips could be made here.
Currently short; textbook deceleration, doji at strong resistance at 1.34, price at top of a bull channel, MACD divergence, volume decrease.
Hope you share my vision, wish you all happy trading!
I've been in this trade since 102.850 when we got a confirmed trendline break/double top (or triple, depending on your definition) situation. I hope to ride this into the next price level at 106.856. You can still get in, as the 104.081 level was broken only recently. I'll probably be placing my stop @ 106.496, a ...
I predict a good chance of a reversal here. The correction has retraced 61.8% of the last impulse, which also converges with the upper daily trend. An hourly close above the green trendline invalidates this idea.
Scenario:1 - If we have valid close above trendline enter long in GBPJPY around 135's & targets around 136's
Scenario-2: It may reverse after touching trendline, so in that case Short GBPJPY Entry @ 135's, Stops - 135.7,Target - 134's or lower down move
Hit Like button to keep me motivated to post more ...
GBPUSD is retesting the resistance area which it broke previously if it's in bearish mode on hourly this resistance will act as point of reversal to downward move. So we are expecting to enter short in GBPUSD only on break of trendline. Sometimes false breakout happens, part of the game. If you are an ...
If the trendline is broken upwards in EURUSD, we can initiate long positions with targets around 1.1140's. Enter the trade only if there is valid confirmation as per your plan on break of trendline to upperside. If the resistance @ 1.1140's taken out we may see an upward move till 1.1300 in EURUSD. But its too ...
It seems that the price hit the optimal level to begin sell off.
The buying back phase will start at 460 level, to form accumulation range between 480 and 510.
In my opinion we will have lot of selling just before BTC halving and than, after it the price will bounce to the 680 area again.
As usually, we will see ...
A tidy little hightest candle reacting to some strong resistance from both on term bearish trendline and strong former support turned resistance
- Hightest Candle
- Rebound off long term bearish trendline
- Reacting to strong former support at 1.4630
- Triple Top
- looking for 1:1 on this because of some strong ...
Hey guys! Found a potential trading opportunity on NZDUSD! So price rebounded from trendline support, but 0.68842 is a pretty strong resistance on the Daily chart, so you may want to watch out for that.
Personally, I would go for a long AFTER it breaks through the 0.68842 resistance and go short if it breaks ...
GBPJPY is in a bearish trend so we're looking for opportunities to sell. A good opportunity would be at the 159.20-40 area since price broke a trendline and we would like to see a bounce from 0.618 fib up to retest the broken trendline before heading downwards again.
On FX:EURUSD, the market moves sideways on 1H bars., It is getting close to structure high, which is a reversal zone
1. there is a resistance zone at 1.1146. The price respected those level many times and it is more likely that it will do again. The majority of institutional trades are placed at key levels and sell ...