After a set of Higher Highs and Higher Lows we see trend reversal signs like Lower Highs and Lower Lows
Candles like Three Black Crows suggests that the trend is reversed there fore shot strategy would be advised.
AUDJPY has bullish bias now in D1 and seems to go a correction. While many traders said "you must trade with the trend", and hinder to trade against a trend.
But, I have a trade counter trend if you like if you wanna ride this correction movement in D1. What you have to make sure is the intraday trend is supporting your trade and we use Ichimoku by this time....
Hello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you...
Bigger picture bigger timeframe view.
LL and LH on Monthly.
Pullback to bear flag break showing potentially good RR entry and longer term direction.
Longer term monthly target at 0.5 fib. Popular support at 72.
This could take a while.
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Colour key: Blue = monthly timeframe, Pink = weekly timeframe, Grey = daily/4h timeframe.
I've marked out some key supply and demand (S&D) zones from the monthly and weekly timeframes, as well as key support and resistance (S&R) levels within them. On the monthly timeframe, a potential head and shoulders pattern...
Price is showing some rejection. I need to see a stronger bearish candle to signal more sellers in the market to push price down.
Looking for a break + retest of the 85.50 area to the downside to take price 84.40 and lower.
Possible start to a downtrend.
AJ looking clean this morning, we had a 1,2,3 type ascending structure which wasn't the cleanest but the HVA (High Value Area) of the DT (Double Top) was enough for me to take this position.
What confirmed entry?
- Evening Star (Candle Formation)
- 1,2,3 structural approach can be seen, although not the cleanest
- Clear target
I think it's...
I'm planning to hold my sell till this Christmas eve.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
1: Stop loss hunt at previous high on weekly level plus a breakout.
2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops.
3: Price has been moving very quickly which signals an over extended market for the pair.
Price is currently over extended and has been moving in a up trend for 2...
1) HH HL
2) Upward trend
3) Support at 84.074
1) Evening star
2) Resistance zone at 84.719
Plan: After making evening star on 4H one can take a short position from here for the target of 82.768.
After a big impulsive move to resistance we can start looking for short opportunities for the week ahead, I am currently marking up the key levels to look out for
I will be looking on a lower timeframe to enter a short position to the most recent support area