We had first impulse for this pair. This is the type of impulse we are looking for reversal. Watch price action break the high for trend continuation.
Market is currently over sold on both the 4 hr and Daily. Expecting a bullish move on the hour candle as a false breakout, then a fall in price. will enter this trade on a break-below close-below candle and once my rules are met. Past performance doesn't gurrantee future profits. This is for informationl purposes only. Trade at your own risk.
In the chart, GBPUSD has finished retracing to the downside after the break last week. If you check the 4H chart price is already rejecting the 1.30 area.
About to hit the monthly support at 1.26 Broke weekly support heading down to monthly then it may retest or break further and head up could head to the 1.253 level where the impulse break was
Greetings, traders! TVC:SSMI reached point IV of the bullish wolfe wave and after failing to break the resistance level(s) is heading South to point V. If this point is reached and reversal of downtrend is confirmed by forming the local low and supported by divergence/volume/data, it can become a nice long opportunity. GL All!
Sell-off is not through as yet, but expect a bounce back from 200-210 levels back to 240 before the final push below 200 comes about. Volume on the current sell-off is just too unconvincing for the break to happen on this attempt.
Here we think this is going to break this trend line.
Looking for a short after price formed multiple trendwaves to the upside ( at least 5 in this case) now we are almost at the daily falling trendline as we see....all we need now is a shift in momenum ..i wanna see a abreak lower ... at least 2 possible entry areas for the patient trader here ...waiting for price to break n close the 2 support areas ( black lines)...
FX_IDC:USDJPY is getting ready to break. We can expect both ways but because the trendline was broken we can expect move to the upside. USDJPY was downtrending for more than a half year without any bigger moves upside so we can expect a break. Good luck with trading.
Analysis based on structure 1/5/15/30min and indicators on 1/4h
USDJPY Bullish now on the H4 time chart since it broke this down trend. There was already a small retracement on this uptrend. Target is set at 111.499
You see here that the price action is: a. Broke Above the 3 moving averages we have on our chart b. It broke a channel on the H1 time frame. This is a combination of a break of a channel and another strategy that uses 3 moving averages. Lets see the results...