AUDJPY Short to 75.60 on 15min chart SL and target price based on my broker spreads you need to make sure of spreads by your broker
Daily chat is showing descending channel being made. Going on a lower timeframe, price respected resistance zone 3 times which is a triple top at best. Going on the 15min for entry, I see price also made a rising wedge + 3 minor triple tops as well so this has me believing that price will go lower.
daily chat shows price consolidating in a triangle so I went into the 4hr/1hr and saw price rejecting yellow trendline. Price then made a double top so waiting for breakout and retest to confirm trend.
On usdcad weekly, I see price break out of an ascending channel very cleanly while forming a daily support trendline which was supported by a falling wedge in the 4hr chart. Price broke out of the falling wedge which is now shown the 15 min chart.
Zone on zone on the 15 min. Price will reach 0.98820, may go deeper for the second zone, then rally. I combined the zones. I'm going for a 1:1, since this is a countertrend that just started for the lower time frames but if price gets through the Supply Zone, where my first target is at (T1.), then I don't see anything stopping it from reaching my second target (T2.).
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15 minutes timeframe we are going to retest First Channel Second target, last bottom on picture.
Expecting gains from the above chart pattern Low profile coin but gives you a good profit. Looks very bullish on 4H chart and daily chart. Targets listed on the chart
I have reason to believe that price will hit entry at 122.615, double demand zones on both the 15min (blue) and 5min (purple), and price will rally to 122.915 for 3:1 R:R.
If the price reaches 0.92910 (buy entry), I believe there are buyers there that will push the price up to around 0.93180 (Take Profit) for a good 3:1 R:R. It may even continue to the supply zone above.
If the price reaches 0.93300 (sell entry), I believe there are sellers there that will push price back to a demand zone of 0.92910 (Take Profit) for a good 3:1 R:R.
MY FIRST VIDEO ANALYSIS. My analysis for daily income on the EURJPY. Looking at the video, I see I wasn't finished with that zone. It might be better than I think but I didn't have time.
EURUSD 15M US SESSION SHORT TRADE Strike Trader Elite Indicator shows Short Trade setup column Short Trade Entry Signal Short Trade SL Short Trade Exit TP Signal
Sellers are accumulating this area the least resistance is for price to go down then up.