What I am potentially seeing, what could happen. Markets are still confusing me in England so I prefer certainty. Friday, I took many trades but they were short trades and didn't last too long. I'll try put the picture up.
looking for buys for a quick retrace today, manage risk as always price action is king
Hello Everyone This is my GJ Trade plan for this SEP FOMC 1) We can Expect Breakout tonight FOR BUY Trade Setup 164 above close Clean BULLISH BIAS towards TARGET =165.35 2) FOR SELL Trade Setup 163 below close Clean BEARISH BIAS towards TARGET=162.25 3)Dont stuck your positions in this range It will be Choppy untill FOMC statements Wait for clear Breakout!!
Honestly confused, especially with the England climate so I've closed all trades and decided to take a backseat.
I'm buying GJ now using S/R+PRICE ACTION. ENJOY IT GOOD LUCK
Hello traders, I am looking for an opportunity to follow the bearish trend after breaking the demand zone 162.800, the current wave cannot breach the key level of 163.400, and the rejection indicates the end of the correction at the 0.618 Fibonacci level, I think it is an opportunity to sell. entry 163.30 risk 1/2.8
Hello Traders. This is my setup on GJ for the next week. Everything is shown. What do you think? Comment below. ✌
Price currently formed resistance at 164.426 support at 163.907. so if price closes below the support, then price could continue pushing down to the next support at 163.464. However if price respects the support & closes above the resistance, then price might continue pushing up to the next resistance at 164.927 creating new higher high.
GBPJPY has a bullish market structure, creating HL and HH. Retested the 163.000, 50EMA and 61.8 Fib retracement. All signs indicate a bullish push to the upside from here.
anticipating the price herre to move up towards previous resistance, buys will be taken on close of 30m candle and then managing risk as price continues to move up.
Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at...
Not a good week, I think this weekend is meant for a regroup and refinement. Need to leave the markets for a bit and reconfigure my thinking.
Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at...
today's trade USD/JPY LONG. the pair is still bullish, following the trend from the demand zone143.00. the US dollar is still strong, especially with waiting for the interest rate hike on September 21.
As we can see the price just made a breakout of a head & shoulder pattern's neckline & came all the way down to retest the next support zone. now if continues to respect the neckline at 164.707 as its resistance & break & closes below the recent low at 163.922 on 30 mn tf then price might continue to push down to the next support at 163.417. And if price respects...
Price retesting a recent support at 164.867 while strong resistance at 165.948. Now if price respects the resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615 as a retracement. However if price respects the recent support & breaks & closes above the resistance then it could...
It had a double bottom, previously tested level that wasn't broken, engulfing bullish candles, long term bullish structure and it is one of the patterns I trade. Earlier I couldn't explain but this is why I had placed my Longs here and SL just under previous lows. Those that are busy move your SL to just into profit or BE, the market is not your fathers house...
Not too much to explain but those that see, do. Those that don't I'll come back to explain, kind of caught up with some other things.