Price has reached a key level where it was rejected from previously, I am expecting price to close below this level and fall to the next level of support Both have been marked on the chart - its clearer to see on the daily
** If you missed the 1st Entry you can enter it again. Check the previous Analysis in the Link GOOD LUCK ----------------------- Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
EURJPY expected to reverse up to 1st support at 120.582 where it could potentially react and bounce to its resistance at 1st resistance at 121.454. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hello Traders, 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 keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Fib 61.8% or 78.6% retracement, then short into next zone.
Stop Loss: 121.25 Entry Point: 120.84 Target Profit : 120 Do not hesitate any question for clarification. Good Luck!
Have some weird movements on the MACD and Alligator. We can see price has rejected the higher fib level multiple times. We are now looking for a retest of resistance before a definitive drop down to lower fib levels. Also MACD is very smooth not showing any sign of breaking open. Waiting for MACD to open a bearish trend before we enter a sell position.
EURJPY is hovering around a key area of support/resistance. Which we broke through and now is resistance, we might see a retest of the area which aligns with my ascending channel. Will be looking for a third tap of the top of the trend line for a short entry if it gets to that in a corrective manner. If it breaks the structure impulsively will be waiting to see if...
Price At Mini Resistance Looking For Shorts Alternatively Price Might Break To The Upside
GOLD BOX POSSIBLE ENTRY FOR SELL 1. Restest area of broken support 2. At the 38.2 (right rejection/continuation area) 3. Price could possible wick up into the 50% retracement (LOOK FOR RECECTION FIRST) 4. High confluence area 5. Divergence possibly happening on 4HR I'll personally be looking for reversal candles/ rejection on 4HR around the trend line (38.2...
Price broke 120.305 level and did the retest, Maybe it's a late trade but not too much, I expect that it reaches the point C of the Elliot Wave Pattern at 116.87.
SELL LIMIT SL at 121.535 TP1 at 120.985 (RR 1:1) TP2 at 120.550
This pair rejected the short term top of 124.43. Initial bias remains on the downside this week for 61.8% retracement at 118.24. On the upside, a break of 122.11 resistance level is needed to indicate completion of the decline and bullish bias to start. Otherwise, further falls will remain.
Hey tradomaniacs, welcome to another free trade-plan . Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Market-Sell: 121,400 Stop-Loss: 122,650 Target 1: 120,000 Target 2: 119,370 Target 3: 118,535 Stop-Loss: 125 pips Risk: 1% Risk-Reward: 2,40 LEAVE A LIKE AND A COMMENT - I appreciate every...
Hey tradomaniacs, EUR/JPY is currently fighting at very crucial price-area. This potential breakout could cause a continuation to the downside as soon as the marked up key-support-area is broken. Key-Levels are also marked up in the monthly and weekly- chart below. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good...