Price while moving in an uptrend, after a retest on a higher TF resistance level at 170.003 started to form a build up phase, than it broke out of the build up phase to create a new higher high at 170.574. now price forming a ranging structure while facing resistance at the new high & recent support at 169.954. So if price respects the recent support & breaks out...
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
Price currently ranging in between 169.835 as resistance & 167.188 as support while also moving in respect to a higher TF uptrendline. Now if price breaks & closes above the resistance at 169.835, then we can expect price to continue pushing up creating higher high while moving in respect to the uptrendline. However, if price closes below the support, then we can...
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Long AUDCAD - FX Trading Zone For This 43rd Week I am using for this 42nd week following 3 technical indicators SMA Cross 120 & 480 ohlc (to get an overview of the price action development of the last week and/or last 4 weeks) Pivots HL/Trend 24 (to get an overview of the high/lows on last trading days) RSI Divergence (to get an overview of the price action...
GBPJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
So we are still ranging in between 169.313 as resistance & 167.574 as support. Also we have a shorter TF resistance level formed in between the ranging zone at 168.667. Now if price closes below the support at 167.563 on 30m TF then we can expect price to continue pushing down to the next support level at 166.972 or all the to 165.601. Similarly if price closes...
Price has a recent support at 167.736 which its currently making a break out of & also it formed a resistance at 168.425. Price also just formed multiple lower lows while moving in respect to a newly formed downtrendline as you can see from the chart. Now if price respects the resistance & closes below the support, then we can expect price to continue pushing down...
GBPJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
The price looks to be trending in a upward channel and makes my bias bullish.
Price has a recent support at 168.015 & resistance at 168.717. And also price made a breakout of the HTF uptrendline as well signaling a possible retracement move in a newly formed downtrendline. Now if price closes below the support, then we can expect price to continue pushing down to the next Support zone at 167.047.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price has a recent support zone at 168.400 & resistance zone at 169.337. And also price made a breakout of the HTF uptrendline as well signaling a possible retracement move in a newly formed downtrendline. Now if price closes below the support, then we can expect price to continue pushing down to the next key level at 167.810 or all the way to 167.047. However if...
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
Long GBPJPY - FX Trading Zone For This 42nd Week I am using for this 42nd week following 3 technical indicators Pivots HL 20 & 20 & 20 (to get an overview of the high/lows on last trading days) SMA Cross 120 & 480 ohlc (to get an overview of the price action development of the last week and/or last 4 weeks) Zig Zag 1 & 1 (to get an overview of the price...
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
Price facing recent support at 167.073 after creating a new high retesting HTF resistance level at 167.846 while also moving in respect to a HTF uptrendline. So if price closes below the support zone, then we can look for trades on the short side expecting price to push down retesting the next support levels at 166.363 or 165.419. However if continue to respect...