USDJPY - Long
Possible bullish bat pattern forming
Completion down at the 105.000 even handle
TP1 - 38.2 Retracement
TP2 - 61.8 Retracement
TP3* - Wherever u want it to be or just let the position run as long as possible.
Any questions feel free to drop a comment or a message and il be happy to help.
I want to point out to you a bat formation that is at market at a previous daily structure level, i usually don't like to trade against the trend but in some cases the major structure in higher timeframe allows me to trade this kind of setups.
Notice that we are also near to a even handle number (1,0300).
My levels are:
Entry: at market
Hi traders, today in my morning analysis i've spot this opportunity in AUDJPY. My analysis starts from higher timeframe. In this case we are sitting in a previous 4HR resistance that could become support. The trend is our friend and we want to hop on that as soon as it gives us a reason for entry.
So here we have a double bottom in 1HR with an engulfing candle...
Hey traders, to start this week doing my evening analysis found very interesting opportunities in few pairs, one of them is EURJPY. We got a potential Cypher pattern at a minor level of strucutre.
IF the pattern completes and fails, we got another opportunity to enter long close to the even handle number of 113.00 where a deep Gartley can potentially...
Nice harmonical move on the german dax. The potential buying zone lines up at 9500 even handle. Watch on lower timeframes for entries. Stops should be below recent OR (below 9400's).
The corrective pullback on the daily chart after a strong move suggest a bullish continuation and another attempt of breaking through 1.13000.
One option is to go long at minor support within this bearish channel at around 1.11400. The second option is to go long at the bottom of the channel for a more conservative play.
The first target is pretty conservative...
This pair has been forming a bullish breakout structure and price is pushing against the 86.000 handle. Good upside pontential with primary target around the 88.000 handle. Long entries can be taken on the breakout or after the breakout on the re-test.
Let's make a case for getting short here with Silver/Dollar on based on the techicals.
Like most 60 minute traders, I use a 4 hour high time frame for the support/resistance lines to be drawn.
We see a Gartley pattern completion nearing the 14.00 even handle which has acted as previous structure in the past. There's also a 1 to 1 measured move completing in...