Price is respecting the trend line of the daily timeframe creating 2 prevoius shadows at t it so that pus the trend line it is making another confirmation lets wait h how today candles closes if it does below the 50% fib daily and below the trend i would start shorting it with a 1:2 risk reward
Market price has reach the support level which is my entry level for buying the stock market @ 1.0112 and will exit the market level @1.10808 which is my pullback line level. Calling for all trader for buying the stock entry @1.10112 option1 @1.09948 option2 @1.09223 option3 Please exit market level @1.10808
shorting UJ @ THIS LEVEL SINCE THIS MARKET HAS BEEN IN A BEARISH PATTERN CURRENTLY TRADING SIDEWAYS IF IT DOES REACH MY LEVEL WILL BE GOING FOR POTENTIAL SHORTS
Hi there Traders! Me might see a possible Bullish bat pattern completion on the EURJPY H1 timeframe. For those of you trading on lower time frames you can also jump down to the M30. Good Trading ;)
Lower highs on the 1 Week Chart, shorting 2 half positions at 0.618 and 0.786!
Interesting chart , however it's early to say which direction is winner. I'm on my hands for now , anticipating something interesting to happen before decide whether to trade or not.
Market currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
Highly anticipated higher prices soon. I'm Neutral for now , waiting for more price action to confirm my bias to the upside.
USDJPY, as shown below, managed to break below red bullish channel. This may suggest that price is starting to correct down towards 109.40-109.20 after which it will move up once again before finishing its corrective move downward.
After a powerful bullish trend the FX:NZDUSD shows a nice indecision candle on top of a resistance area. From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do? I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 ...
FX:AUDUSD In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision...
Great opportunity here to long EURUSD -Bull trend -Really strong level of support here at the 0.618 fib retracement -This area is also a previous support level on a number occasions if you look left -Stops at the 0.784 fib support -ABCD structure possible in play here to. -This blue line has acted as major support 5 times on the daily TF - Great risk to...
AUDJPY Currently in a strong downtrend from higher TF -Simple trendline break trade here -Rules: break and close below on at least the hourly retest of the broken area of course rejection of that area -Apply risk/reward and money management -Have a couple of targets -Jump in Happy trading!!!!!
Made a lot of pips from EJ shorts recently think its time to long -A bit of channel trading here currently -Holding a major monthly key level 126.90 -We have bounced of this level previously. -We have a selection of rejection here shown with long wicks -Also a "double bottom" we broke slightly lower but its the close we look at.