I have been documenting this pair quite a lot recently because of the heavy downside movement which has created multiple entries for this pair. After a clear breakout of a counter trendline earlier today we can see we are in a consolidation period but the market is presenting its hand to us. Analyising the price action we can see that everytime buyers came back...
Hi everybody, Drew this long term curve with much more realistic prices than I posted in my previous idea. Have a good look at where we are right now. You can draw a medium curve inside of that bigger one and then determine of where we are going next. I see more sideways action until we closd above 0.70$ on monthly candle. 7-9$ per xrp is very realistic looking...
Institutions are loading up orders because the average daily volume remains steady (200,000 lots) and the price's range tightens. Setup : BUY after a breakout @ 1.34050 Stop Loss @1.33550 Take Profit @1.35320
USDJPY currently in a consolidation movement. Watch out for fake breakouts!
This commodity is featuring for the first time on our TradingView blogs. Current setup: Gold is currently held in a long period of consolidation but above both the 50 & 200 simple moving averages. Conclusion: We need to wait out this consolidation period and take opportunities once we get a breakout. The pending breakout may be large in size due to the length...
Market was producing an uptrend, however, market has been failing to break resistance (Wick rejection) There is also visible exhaustion on the bullish momentum and more bears are entering the market Entering into the market can be at turquoise line based on the wick rejection at the bottom Wait for a break and retest of area before entering the market When...
My USDJPY trade idea has been in the making for the past 5 trading days, over a week now! Its important though that as a trader you are willing to wait for the right criteria to be met, and to only enter the market on your terms... not the markets. So this is a matter of stalking the market and reaping the rewards later. Ever since the JPY liquidity crash on...
In my previous analysis on gold, the price indeed has rebounded off from the demand zone around 1292 and climbed highest to 1297. However, the rebound was too weak and shallow which may cause the price to pull back and retest the low once again. The price has been consolidating upwards, forming a short-term rising channel which seems to be completed soon. If the...
- Pair broke out of zone of the downside - Currently testing support as resistance - Pair was recently overbought on both RSI and Stochastic Oscillator on 4-hr chart For a safer trade may want to wait until pair tests EMA (25, close) or a strong bearish candlestick closes
Staying long, patiently waiting. Protective stops still in play :)
GBPJPY revision after the fantom news Could trade it within the range of consolidation but I'm looking for the breakout and retest on either side of the consolidation. At the moment, price action implies this will move to the downside but, we all know anything could happen. No TPs and entries at the moment but I'll likely revamp this later with an updated version.
Price is in a sideways consolidation Macd is over-bought so I have a Bearish Trade Bias Watch Macd for confirmation of Bearish direction Watch for Bearish breakout of 800 sma Short Trade Sell Stop @ 143.95 Sell Take Profit @ 143.35 Find SL
USDJPY has a strong resistance test for a while making a Bullish Continuation Pennant. The overall structure of the market is going up. Waiting for the resistance to break for a nice move upwards.
The market is under consolidation for couple of hours, it has strong support and resistance so look for opportunity for buy or sell after support/resistance breakdown and retest.
Got in within the ascending triangle. The position is towards the main trend. 1)Stop loss is under the consolidation low. 2)Profit target is around May highs.
EURUSD has been trading in this range for quite a bit. Thought there was going to be a break last week, but it ended up coming back down into this range. Watch for a break above or below and then trade accordingly. Happy trading!