Technical Analysis
1. Rising Wedge forming
2. Hit Level 1 of Fibonacci Expansion Level
3. Completion of a Flag Pattern Take Profit (Of the Flagpole breakout) on shorter timeframe smaller timeframes (Circled in WHITE)
4. Market is expected to break out of the trendline, hitting our Fibonacci Expansion Level of 1.618 which would push down the market to an area of...
This trade follows my strategy, everything looks great the only thing that could be better is if there was a supporting candlestick pattern. (A) Grade setup.
EDIT: Looks like a bullish engulfing on the 1hr, depends if it closes like this.
Signal ID: 75657
Time Issued: Tuesday, 06 April 2021 21:00:15 GMT
Status: open
Entry: 151.424 - 151.86
Limit: N/A
Stop Loss: 150.768
The Congestion Opportunities Strategy has just bought GBPJPY at 151.642. The system recommends entering this trade at any price between 151.424 and 151.86. The signal was issued because the 28-hour Relative Strength Index indicates...
Prices are facing bullish pressure from 1st support which is in line with ascending trendline support, horizontal swing low support, 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards 1st resistance, which is in line with horizontal swing high resistance, -27.2% Fibonacci retracement, 127.2% Fibonacci retracement. If prices...
The Breakout Opportunities system has just bought EURJPY at 130.214. The system recommends entering this trade at any price between 130.116 and 130.358. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.444, suggesting that the EURJPY may have further to rise. A stop loss has been set at the...
Impulsive sellers last week will have now have been stopped out in positions opening up liquidity for the banks to take advantage of. Fingers crossed we see a smooth decline from this hourly order block down into my level marked.
The huge gap would have caused some damage with sell stops being activated, again creating more liquidity for the correct move to follow.
📈 BUY ZONE – 129.563 to 129.063
🔷 Take Profit 1 - 129.763 (20 Pips)
🔷 Take Profit 2 - 130.063 (50 Pips)
🔷 Take Profit 3 - 130.563 (100 Pips)
⛔ Exit / SL - 128.563
There is potential for the price to move higher, wait for the pullback into the BUY ZONE AREA for entry after we notice the confirmation for price reversal to take place. Price expected to reach...
Hi there,
Looking at eurjpy I see a situation to buy every dip, first target 131, second target 133
Also looking at eurusd, any moment it makes bigger retracement which will make eurjpy fly to the moon, as jpy is very weak at the moment
Buy every dip on this pair
Good luck
Focusing on our MA and EMA, we can see a nice rejection off these levels. This give us a confirmation that a BULLISH trend remains. There is no form of breakdown, giving us a potential movement to the 261.8%. Previously, price failed to test that level and I am expecting price to hit that level before further BULLISH continuation. We will be seeing great BEARISH...
EURJPY 1H timeframe analysis, the market was downtrending and according to my technical analysis i observed that it has formed a reversal pattern and i also had my 4-5 signal confirmation that's why i execut a BUY.
