Am expecting some retractment there. So, I need to wait and enter some short when i find some price action there. Good luck :)
#EURJPY (Update) Since 6th May 2020, EURJPY has been forming Higher Highs & Higher Lows (Rising Wedge) At the Moment, Looking Bullish & this Could be last Bullish Wave Before Wedge Downside Breakout. In Daily Timeframe, It's been Printing RSI Bearish Divergence as well (Price Increasing & RSI Decreasing) If Wedge Broken Downside, It Might test the Major...
Hello traders, here is the analysis from our team : buy: 124.888 target:125.088 stop 124.688 Let us know in the comment section below if you have any questions.😉
The loss limit of the upgrade follows the previous analysis and chart and is ready to climb again Successful and profitable
waiting for a correction in the one day timeframe upon going up to the sepecified area this may take some time until the corona virus fever subsides. good luck
Hedging trade - Our long order was taken during the Asian session, from here we hit a block of orders JPY is strong in times like these with fundamental news and a safe haven asset so we expect weakness on the Euro however this pair fakes out alot so we have multiple opportunities to enter in the range Over Bearish due to the environment. Any questions -...
Dates in the future with the highest probability for price direction reversals
A possible trade for next week forming. Price has made a strong bearish impulse lower with a wicked candle. Price action looks to be forming an expanding pattern ,with a third touch of the top structure a possible next destination. I would be looking for price to consolidate first and an entry may become available within the support zone . One I will be watching...
EJ Short idea This pair is very similar to AJ, they are both very bearish on higher time-frames and have been reacting similar in regard to levels of confluence and rejection of significant monthly resistance. EJ currently retested broken monthly support (now resistance) and has shown significant exhaustion and bearish setups. The only close major support for...
We have come to a significant level for a swing trade short. Multiple confluences that line up
EURO is moving in a ABC pattern with B is on the way down.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=117.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=117.9. TP4: R2=118.3. Set the stoploss of these orders at breakout of S2=117.15. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=121.4. TP4: R2=121.65. Set the stoploss of these orders at breakout of S2=120.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Again obviously we recognize the same possible conditions.
UJ formed a Double Top and broke + retested the 108.140 Support. Looking for the Short.