We noticed that on the 1m timeframe price broke resistance that was being held even on such a small timeframe, as it was a new timeframe to trade off of, we used half risk when we executed the buys, with our stops below the 30m breakout candle, we secured 12 pips as price tapped into resistance before stopping us out at BE.
Hello Traders, Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 40 - 30 Sept M > Price is moving in a triangle. Price has completed W formation by dropping to test the neck. W > We can see M formation and expect price to move up to test the neck of M as our first target. We can also see W formation,...
according to me, the bulls are still there due to the big weekly rejection on a bigger time frame, check the weekly chart. From the H4, we can clearly see it is ranging. this is not a simple situation usually I'll trade with a clear trend direction but that is how we become smarter with strategy. Borris johnson right now is making things a bit easier for euros...
Hey tradomaniacs, welcome to a new free trading-setup. EUR/JPY: Daytrade-preparation Market-Buy : 125,650 Stop-Loss: 125,300 Target 1: 125,950 Target 2: 126,210 Target 3: 126,465 Stop-Loss: 35 pips Risk: 0,5 % - 1% LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow...
Price has retested the major trendline + Recent Support. I'll be going long on the close above the 8 EMA
Zone correlates with 61.8% fib retracement.
EURJPY broke out of Key support last week at 124.4 and I mentioned that we should wait for a retracement back to the key support and the pair have done just done and might be ready to skyrocket, Ofcourse nothing is for sure in the currency exchange market so a close below 124.2 will negate this setup and
OANDA:EURJPY looks like coming out of a downtrend. Can go long with a small risk here.
Price traded inside the blue channel. Atm looks like forming a flag / wedge as at the previous wave. Possible entry zone is 117.20 - 117.50 , when the flag will formed. The target zone is near 119.00 - 119.50 The trading plan will canceled, if the red support line is broken. ----------------------------------- This is not the financial advice. If you...
Good long setup for #EURJPY for the next 3 days. The bearish trendline was broken by a strong impulse on 30 of April. So we have to wait for the retest but it will probably begin to bull before. 115.8 it's the level from which it bounced before and could be a good point to enter. A Fibo cluster is on the way with a bullish trendline as well. First Entry...
looking to see EURJPY give up this next leg one structure before pushing to the downside.
Pair: EURJPY Prediction: Long / Buy
-EURJPY price has arrived to a daily support/resistance level. -If we look the first chart (H4 chart) we can see the RSI is at oversold zone (26%) -With this RSI level I think the price don't break this support level and it will bounce soon -On the second chart (daily) I marked the next strong daily support/resistance zone where the price can bounce
Pin bar on support Bullish engulfing on support Pin bar pinning bottom bollinger Buying at market price 118.007 with # SL below the engulfing bar @ 117.486 and # TP at next resistance @ 119.001 Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at...
Pair: EURJPY Prediction: Long / Buy Time Frame: 4H Hold: 2-4 Days