GBPJPY Next Buy opportunity 185.81 - 186.17 GBPJPY BUY LIMIT 186.00 TAKE PROFIT 01 : 188.00 TAKE PROFIT 02 : 189.00 STOP LOSS 185.60 Place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven.
I'm just shooting a guess here. During consolidation downtrends, we expect the price to touch the downtrend and come down. But the price action is seemiling quite bullish. The last couple of candles formed have established somewhat a strong support with a potential W FOrmation... So if the price breaks above the neckline, we could see a bit of strength for...
Falling Flag has formed on the USD/JPY. There has been a retest on the support level. With the ongoing uptrend and support, this definitely keeps the bias long and bullish. 21>7 Price>200 which confirms the bull market. Target 1 will be at around 153.69
M Formation has formed over the last month with the EUR/AUD. If you saw the last trade analysis, you'll see the EUR is showing downside on all large currencies. We've now had a breakout below the neckline of the M formation, which means there is downside to come. 21>7 Price is testing the 200MA. So only once it breaks below will it give a stronger...
There are many different variations of patterns showing. And they are all leading to downside. We have small Rounding Tops, small Inverse Cup and Handles. We have a break in the most recent uptrend line.. But I am focusing more on the bigger picture. There is a solid Reverse Inv Cup and Handle forming since 10 August 2023. The price has almost completed...
Notice I said the word SOON. There has been a text book cup and handle formed on the CAD/JPY/ It's just about to complete the handle forming its brim (resistance). Now only once the price breaks out, closes above and opens above the brim - will it signal a decent long. Until then, I'm waiting. We have other bullish signs along the way. 7>21>200 RSI...
GBPUSD wait for breakout and trade in the direction of breakout. Manage your risk according to account size!
Inverse Head and Shoulders is clearly forming on the daily. We see additional indicators confirming upside. 7>21 and price is above 200MA - Bullish RSI>50 - Momentum is up. Target 1 will be at 1.7265 Below the Right Shoulder there is a Sell Side Liquidity Order Block. Smart Money buys into positions (and sweeps liquidity) from traders who are long (get...
EURCAD moving in range now wait for breakout to trade or place your buy stop and sell stop. Manage risk according to your account size.
M Formation on a large scale has formed. We had the price break below and then retest the pattern once again. Thing is we haven't had the price break above the downtrend as of yet. This means, the bias does remain bearish but anything can change if the selling doesn't continue. 200>21>7 (bearish) RSI<50 (Lower highs) Target -0.8200 SMC (Buy Side Liquidity...
Inverse Head and Shoulders has formed over the last few weeks. Already we have had a breakdown below the neckline. This tells us supply and selling is high and mighty. We can safely put a stop loss above the handle, as if it breaks above it would enter into a new uptrend. Other indicators confirm downside. 200>21>7 RSI>50 (Lower highs) Target 1.5535
As you can see, the channel has been formed, so i just wait for confirmation to entry DYOR
it's simple, when I see a pattern and it's neatly formed, I'll wait for confirmation to entry! DYOR
Downward channel range continues on the Monthly Chart. There are more signs for downside to come. We can expect the price to blip up touch the resistance and then crash back down. Price<200 RSI = 50 Target 0.8541 SMC Sell Side LIquidity is where Smart Money bought up the price to the upper range. We then have to wait for Break Of Structure to the downside....
Inverse Cup and Handle formed since 15 Nov 2023. The price has broken below the brim level (but barely). We could have a spike up to make a lower high before the big breakdown. Then it'll be all steam ahead downside. 200>21>7 - Bearish RSI<50 Lower highs My first target will be 0.7590
Short Formed M pattern has formed where the second rounding top has a lower high than the previous. This confirms the sellers are in control. Now that the price has broken below the neckline, means we can expect the price to make the next down leg. A conservative entry will be for one more leg up, test and break down. 200>21>7 RSI<50 Target 1 will be at 0.52711
It was a long hold since April. The interest expense daily, added up and the profits weren't as high as I wanted it to. But we kept to our guns and held. And so, target 1 hit at 160.79. Now we can expect the price to consolidate and move into a range before the next run up, but you'll be the first to know.
Ascending Triangle formed on CAD/JPY, price broke out and it was a slow consolidation move. But then one week, we had strong buying and demand for the currency pair which shot it up to the Order Block. We had other indicators confirming its upside including: 7>21 Price<200 RSI>50 The target at 106.00 hit and the price continued to move up. I guess it's a...