Reasons for
-Firstly we are up trending on the 4 hour
-We are making higher highs so to signify uptrend
-We cleared key level of 0.7000
-We are trading above the Key Level
-We are due for a new higher high and a impulse move to the upside
-We also have come to the trend line and has show Strong level of support
-Also on the trend line we have reacted and...
Reasons for
-Firstly on the 4 Hour time frame we are up trending
-There is a major trend line above us so therefore i believe that is prices next level before any bearish movement
-We are making higher swings after coming down to our Trendline below price which is acting as support
-We have clearly seen a reaction from this trend line acting as support as you...
Reasons for
-Firstly as we can clearly see we are in a Triangle formation
-We have had multiple bounces from the Bottom trend line which is now acting as Support
-The previous Four hour candle was a doji on the trend line
-Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support
-We...
Reasons for
-Firstly on 4 hour chart we clearly see a down trend which has been broken
-We can also see price has broken major trend line which acted as RES
-Since we made the low of around 1.41000 we have put in Higher highs and lower high
-This signifies a possible new trend forming
-Also if we look at the Trend line acting as Support we have had our...
Reasons for
- We are clearly up trending
- We are putting in higher highs and lower highs
- We are getting nice swing highs and structure
- Previous 4 hour candle was a bullish hammer (Bullish candle)
- We have nice long wicks to the downside which signals more buying power
- We are above key level of 0.75000
Daily
- We put in a huge Bullish engulfing last...
Follow the pair and if the price falls to around 1.4300, creates false break followed by divergence look to buy.
Target 1: 1.4480
Target 2: 1.4600
Stop Loss: if the pair fails to move higher and breaks the last low created before entering the trade OR below 1.4250.
Reasons for
1.price has been trending up
2. price broke major RES level
3. now price came back and retested the level and put in a major bullish candle
4. price has put in a bullish engulfing taking out 8 hours of downside movement
5. price ready to make a higher high ?
The pair has created a bullish convergence. At least in the shorter term i think the EURJPY is going up. So wait for a double wave correction down near the 50% fibonacci retracement zone and a bullish candle on the M15 chart in this area in order to get into a buy.
Target 1: 128.00
Target 2: 128.80
SL: below 127.80
A bullish AB=CD pattern has formed in EURCAD H1 chart, leaving us an opportunity for a long position with a 2:1 risk-to-reward ratio.Going to entry this trade as soon as price shows an upward momentum.
Wait for double wave correction near the H1 trend line and support zone around 0.7250-60
Target 1: 0.7350
Target 2: 0.7380
Stop Loss: Break and close below 0.7170
Following my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be...
If the price creates another low on the H4 chart
along with bullish divergence we can go for a buy.
Target 1: 0.6540
Target 2: 0.6650
Stop Loss: Break and close below the trend line
and support area on the daily chart.
We have 2 scenarios to join this pair.
Scenario 1 - go with the break of the trend line
Target 1: 0.7180
Target 2: 0.7230
Stop Loss: Exit if price closes below 0.7100
Scenario 2 - after the double wave duplication
completes look to buy from the 0.7080-70 zone
Target 1: 0.7140
Target 2: 0.7180
Stop Loss: Close below 0.7070
