Analysis:
We were looking at this pair not that long ago for long setups, however we didn't get this in the end and price actually broke below our level that we were interested in. Looking at current price action we've now got a bearish outlook on this pair for multiple reasons. As we saw price break our level we are not longer in an upwards trend, meaning that...
The EURJPY price is in Daily Resistance Level and 50 Fibonacci level🧐
the ascending channel is broken ✔ the key level is broken & retested ✔
so, i predict a bearish move 📉 Break of Structure 📉
TARGET: 135.046 🎯
...
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US30 - Nice looking shark forming that lands in a very nice PRZ. We've had multiple BOS price is currently pulling back from small LQ zone, once price breaks current level It should drop nicely towards the D point.
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use...
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FX:GBPUSD
W1:
We were in an uptrend (red trendline )
which we broke and now acts as a resistance level
D1:
Again we were in an uptrend (orange line) ..again broken acting now as resistance
We also have a descending triangle which is about to break
and a DOUBLE TOP pattern (still neckline not broken)
H4:
We have a triple top (at the above green zone)...
I am shorting AUDUSD for the following reasons:
It has broken a the ascending bullish flag it was on.
It is simple price action.
If the candle were to go up pass the trend line it would invalidate my trade activating my Stop Loss and would wait for a retest to go long.
