Looking for a intraday/swing to the projection of 134.800. It is NFP week so markets tend to bounce however it wants to bounce. We haven't broken structure to the change the sentiment of the overall trend as of yet so this would be my counter. Project lines up with a QP and resistance area on the daily chart.
A break of this mini support level will validate a continuation towards the downside
Cj trade idea... waiting to see how price action reacts to the broken support
there are two posiblties i think there is wyckoff pattern forming and once the level is broken to take the long
Today was a significant day for the USD/JPY pair as we finally broke out of the 12-day period of consolidation. It is noteworthy that the consolidation phase was very tight giving us a 30-40 pip trading range for the whole period except some attempts to push upwards and downwards. While this period wasn't the best for trading as the price action was choppy and...
After seeing a series of higher highs and higher lows in a corrective ascending channel, we've now seen a lower high made which could potentially break structure. This was also the 3rd touch off the descending trend line around the 78.6% Fibonacci level. We then saw a break & retest of the ascending channel off the 61.8% Fibonacci level giving us the perfect entry...
EURUSD has recently made a strong push downward past the Previous low on the Daily. I predicted a retest at the new resistance created by the previous low then another strong push downward. Ill have to wait until next week, probably Monday for the move.
Fairly simple setup. Fully reversed bullish trend breaking past former higher lows. Pullback to 61.8% in alignment with psychological number 79.00. I suspect this correction is over and the 61.8% fib a valid level to take our shorts. Tp1 @ 76.80 Tp2@ monthly support in alignment with -0.61% fib extension at 76.00. Lets go.
Based on timeframe analysis, this a intraday short trade centered around : Break of Structure on the H4, H1 and M15 Test of a strong daily resistance level Bearish engulfing candlesticks showing a change in trend momentum Retest of the break of structure before continuation of new trend I also showed my projected stop loss and take profit areas. Be...
CHFJPY Daily Chart Pending Sell stop order- Swing trading. Looking for a trend-line breakout & Support breakdown. let's see how it goes. Good Luck!
Waiting for a minor retrace that should lend to a nice buy opportunity on EJ. Support on previous descending trendline, new ascending trendline, psych level of 128.50, 50% retracement and a strong daily support/resistance area.
I'm waiting for price to break these two red support lines and then create a higher low for structure and then a bearish engulfing for a short entry.
We have a possible long setup for Aud/usd One. We have a break of structure in previous low in the bearish trend which now makes it Bullish. Two: We have a possible retest in a supply Zone Three: The supply zone is in the 61.8 however it can bounce off the 38.2 Four: Macd is Crossing Five: waiting for Bullish candle stick variation
We are in this position because of the break above a previous structure and retracement back into a resistance come support zone. The pinbar candle signalled the entry, We have a 2360 fib level from a previous swing and we are trading in the short term trend direction. Probability suggests we will lose this trade but the risk reward makes it worthwhile.
EURJPY broke the support that's been in place for more than a month so it is highly likely to start a bearish trend. There is a important structural level at 126.72 which coincides with 0.5 Fib so I assume that EURJPY will jump up to that level and go down again. Now it is in a relief rally up to 0.5 Fib. I would suggest a short position at that level. Good luck!
TRADE WHAT YOU SEE During my Top-Down-Analysis which means for me that I am starting on the Daily timeframe, I thought this kind of process would be quite interesting to share. 1st: I identified the broken structure to the downside 2nd: I anticipated the outside return into previous strc. resistance, which completed last night during the asia session. 3rd: Now I...