Confluences:
1. Daily chart double bottom
2. Daily chart trendline breakout
3. Price trending bullish on daily chart as price created a new high.
Entry: Middle of the week would be the ideal time to enter this trade after the breakout and correction takes place. We will be looking to enter on the continuation to the upside. This is a nice short term trade with...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
The price moved over 100pips in our favour since the counter-trend opportunity (see link below for reference purposes) before what appears to be a gradual change in structure that supports completion of a Reversal pattern. Recall that I warned against factors that might disrupt the previous set-up thereby giving way for a rally continuation (see my penultimate...
On the daily chart , the market reached the historical resistance zone and was unable to break through.
After the rejection, the market reached a support zone and then got stuck in a range.
In the range, we can see the formation of a double bottom with the possibility of an upward movement to retest the historical resistance area .
If you like ideas like this,...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hey traders, here is the analysis for the CHFJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Hey tradomaniacs,
The market is really choppy looking at equities. It looks like the tec-hype is currently over as we see a suffering Nasdaq, while indicies with a worse performance last year are rising (DAX30).
This is causing a mixed cashflow and so a little bit of chaotic forex-market, which is testing our patience.
I`m currently looking for CHF-Trades as...
Hello Guys Welcome back to another profit week
If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions
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...
CHFJPY
Was trading within a range only the range was around 300 pips from 116.00 to 119.00.
From 116.500 it went bullish up to 119.00 and reached 2021 yearly high and started falling towards yearly low levels. CHFJPY will fall towards 114.00
Sell @ 116.500
Take profit @ 115.100
Stop lose @ 116.850
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hi Traders
CHF/JPY (Daily Timeframe)
A high probability, entry to go SHORT is forming @ 116.154 after the market found resistance @ 117.772. Only the upward break of 117.772 would cancel this bearish scenario.
Trade details:
Entry: 116.154
Stop loss: 117.772
Take profit 1: 115.199
Take profit 2: 113.581
Take profit 3: 110.944
Score: 6
Strategy: Bearish Trend Reversal
CHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure.
I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area .
Therefore continuing with the ranging market structure .
Adding on to the confluence , I see a potential double...
Hey traders 👨💻
Looking at this pair we have had a H&S that has retraced back to the neck line and failed to go any higher. I now assume it will come back to retest the trendline and support around the 116.250 area. We must first clear the structure beneath it first. Adding this to my watchlist 👀
This is a follow-up on my previous publication as we are yet to find a headway (see link below for reference purposes)... Recall, I mentioned in my last publication that we are in a long term uptrend situation on this pair. However, it appears the price is going through a corrective phase that might incite the much-expected rally in the nearest future.
In this...
