Took a Short on CJ last week which ended up as a Breakeven, but the bias hasn't changed, Price just evolved. Looks like we may have another opportunity to short.
We continue to make lower highs and lower lows and i continue to trade each one. This time i will be keeping my eyes on the 55 and 200 Day MAs and the level of $0.25 for a bearish continuation; It looks like so long as we stay below $0.25 that we will have a clear path to 15 cents or lower.
We didn't get our confirmation entry this week but it's okay as we're approaching our swing high area correctively which increases our short probability, so nothing really changed.
The index has been pressured by bears lately forming lower highs and lower lows. I am bearish until further notice. Will update as time goes on, stay tuned! Good Luck. God Bless!
GU broke out the ascending channel and S&R now a continuation pattern forming
Bearish Divergence at 30 cents after successfully breaking and reversing the trend a few week ago now we look for potential continuation. This is a late entry and is not as good of an entry as we got a few weeks ago but it's still a valid one. For further context check out the previous setups on doge in the related tab.
hi long time no post today im posting a analysis of the gbpjpy on the h1 tf i notice a few key leveles of s/r from the past few days and charted them in green if price breakes below the 151.8 lvl and retests it as support i would be looking to enter the market short as price continues down i have two price targets first tp is around the 151.4 round number and...
Found resistance at the 2 Hour UBB; achieved 35% of the Break Target To Date.
Yesterday I posted about how the AUDUSD will break and continue to the upside, as it did. Take profit one already has been hit looking for tp 2. Price is at the point we're it might retest again and impulse, it already turned resistance into support. Entry has been sniped waited to see Al of momentum then placed my stop loss tight, now my stop loss is in break...
gbpusd BUY gbpusd BUY gbpusd BUY gbpusd BUY gbpusd BUY gbpusd BUY
Looks like sideways action for the next for or five days could be followed by a bullish break and continuation to the upside. Target for next short could be around $54k.
We took profits on the first push up this week, now we're looking capitalize on the next leg of the impulse, All we have to do is to wait for the correction to complete. I'm comfortable with all types of entries on this play whether Risk entry, breakout entry or a LTF correction after the breakout entry.
Please like and comment as it pushes me to keep creating content on pairs and my bias on it :) -This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx
on usdchf this is a good pattern where there is an inverted head and shoulders with a target point of around 0.95 but it will take a long time to reach the target, it seems, so just anticipate it
Just an update. I analyzed a buy setup on the pair as an intraday buy trade. The analysis played out.
This is what I am currently seeing on the pair. BULLISH
Clear market structure idea, we can see new HH's also we might see that breakout (bullish pattern) as a New HIgher low. Fibonacci 0.38 is also extra confirmation for support level if this goes as we expected we can buy til fibonacci 0.78 please manage your risk if youre looking forward to trade on it.
situation :Trend UP changing to dwon Position: looking go down in the 50% of the monday candle Strategy :sell looknin R/B - 1/2