1.90 AB=CD Price At 114.85 2.00 AB=CD Price At 114.60 So the price of D is good support
I am looking at a possible formation of a pin bar on the Daily chart of EURJPY.
EURJPY reach PRZ at the bottom of the range. This is a good support level, and i am expecting a bounce up from this level. Look for price action.
Today’s trading idea is coming from EURJPY. I have been waiting for a price action setup, which has finally come. As discussed with one of my followers (Dan) in the comments section, I finally had a confirmation from price. If you look at the daily chart of the EURJPY, you will find out that there is a pin bar, which is forming on the support level of 118.00. It...
Hey Guys, Simple idea. Wait for channel breakout and look for flags to buy, we are expecting uptrend and breakout of the corrective structure. - Hola Gente, Simple idea. Esperad a la ruptura del canal y buscad banderas de compra, esperamos tendencia alcista y seguramente la ruptura de la estructura de corrección. Carlos
We see the price moving up to 120.70, 121.10
Cypher B: 0.382 - .618 C: 1.272 - 1.414 D: Final X to D: 0.786
We see the price will retrace to 120 level before moving down to 117.50 - We sell this pair at 120 level to book profits at aforesaid level, BUT, it is also possible to grab 100+ PIPS of correction by taking long position from the closing price.
On day chart the Price have reach the 50% Retreated level On 4H chart the RSI below 30(show oversold) The ABCD pattern show the D price is 118.15 Good luck
EURJPY found support last year at the lower bound of a multi year channel (109.50) and a swift recovery has taken shape since then. It headed towards an intermittent hurdle near 124 the 76.4% retracement from march2016. Currently the pair is retesting the channel limit at 11.70 in what appears to be the fourth wave from an elliot perspective. With the daily...
As mentioned in previous post we found support last year at the lower bound of a multi year channel at 109.50 and a swift recovery has taken shape since then. A recovery appears plausible towards 121. A break above will take it towards 122.50/123 with the next handle at 124. All the best and trade with care. Thanks for your support.
I would see price come back again to this Supply area, possibly break or reject. I would suggest a short position when price hit into the zone, and make a short retracement or reversal. I will update further the target for this short entry when time comes. adios.. happy trading
Hey Guys, We are on the long term trade already, saved with the stoploss to brake even, so we don't worry about that one anymore, we just let it work. Now we are finally getting a new buy setup. Trade the breakout of the flag and you can look for a nice trade to the upside. Our goals is still to break the whole structure (Green lines) and keep the trade. There...
Sell below 121.23. Stop loss at 121.83. Take profit at 119.44. Reason for the trading strategy (technically): We turn bearish below 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to 119.44 support (Fibonacci retracement, horizontal pullback support). Stochastic (21,5,3) is seeing major resistance below the 95% level.
Buy above 118.22. Stop loss at 117.45. Take profit at 120.23. Reason for the trading strategy (technically): Price is approaching support at 118.22 (Fibonacci extension) where we expect to see a bounce from to at least 120.23 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing strong support above the 5.4% level.
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck