Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
ALL OUR TRADES AND POSITION UPDATES ARE POSTED TO OUR TELEGRAM AND INSTAGRAM PAGE
Trades Telegram: www.t.me
Chat Telegram: www.t.me
After last December's US economic uncertainties (US-China trade wars and US government shutdown), JPY played its role as the world's safehaven currency and rallied back to its mid 2017's levels. Since January this year we've been witnessing an indecision as to whether it'll continue its move downwards or pullback to its previous 130.000 levels on...
Potential Buy and Sell Stop Setup, at both levels.
Technical chart with spotted zones of interest such as previous resistance zone and pullback support zones.
Pending Buy order
Buy stop at 125.01
Max Stop loss at 124.43
Take profit at 125.68 or 30 pips+
Pending Sell order
Sell stop at 124.40
Max Stop loss at 125.04
is on a strong bullish momentum that started last week but right now im looking for a possible long position at th end of a daily pullback that might be at the 126.15 area where the followin confirmations lines up:
2.Mp and AT fibs 2x 61%
3.End of a 3rd wave correction if price get rejected and close above the mentioned level
Pair EurJpy di Weekly masih lagi Downtrend
Jika lihat di timeframe Daily, market akan sideway sedikit. Probability pergerakkan besar agak tinggi utk memecahkan(breakout) sideway tersebut
Day trader boleh cari setup SELL/SHORT di timeframe H4 dan ke bawah
If you were in the coaching call yesterday then this setup will look familiar to you. We rose steadily last week before finding some resistance here at the top of the kumo. I am looking for a springboard move off tenken sen and the kumo as a confirmation for a long entry. In the coaching call I mentioned a more conservative entry would be just above the wicks of...
BAsed on yesterday analisys we can add an extra low timeframe confirmations to the already formed daily set up so what we got here in the 2h tiemframe is:
1. 2h channel formed and respected
2. holding right above previosu structure
3. 4th Elliot formation
4.Possible candle formation
Another JPy showing strong bullish momentum where must of them have broken previosu structures and this one aint no exception,we got here soem nice confirmations to think about a possible upside move atleast to the 126.00 if the right criteria is met ,those confirmations are:
1.Double bottom formation (124.00) area
2.3rd daily wave already formed
EURJPY – Price on the monthly is closing as a monthly bearish engulfing. However, price needs to break the yellow zone before bearish momentum is seen. Bullish momentum from this area, we could possibly see price push up into the upward blue zone.
Buy Bias: A break above 125.000 could push up to 126.250
Sell Bias: A break below 124.000 could push price down to 122.000