Possibility to break any side. trade cautiously hopefully it won't break down otherwise nifty will be affected
NZD/JPY is going to touch the weekly strong resistance and than going down toward the resistance broken turned support at 73.600 look for a good short position and proper money management according to your own trading equity and enjoy the pips ALWAYS remember PATIENCE IS THE KEY
it has come to support n bounced will comeback to get liquidity during the Asian session before heading up!!
Wow EURJPY exceeded my expectations and if you took this trade I'm sure you are singing all the way to the bank 🏦💸🏃🏾♂️😋 I predict a slow drop back to my discovered support just above 122.00. Please don't take my Analysis blindly do your own due diligence.
Looks like a good setup to go long. It may take couple of weeks to hit the target, but good wait for 1:2 risk to reward ratio. Disclaimer: This is neither recommendation nor advise to invest/trade. This is my journal for educational purpose only
After a break below support on the daily TF, this pair has now approached this level for a test. I expect this pair to reject the level as resistance before continuation to the downside and creation a lower low on the daily TF. On the 4hr TF, the pair is forming a head and shoulder at the area where daily resistance is expected. This chart pattern presents a good...
After a break-out from 4hr rising wedge, I expect a test of structure then further continuation to the downside for the creation of a lower low on the daily chart. Entry order is set inside confluence zone with Fibonacci and market structure confluences, target is set a few pips above 127.2% fib extension of daily retracement. In case of slippage, I expect the...
It's been a while since I've published anything, so here we go! At the last week's close, price seemed to reverse upwards, so I need to find where it's going to end up. I identified a downward trendline, and it crosses near the level that's associated with a prior consolidation period, so most would say that there's some sort of confluence going on here. We now...
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It may move to the upside if the support it is now in is not broken, it may rise to the aforementioned resistance. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules...
I saw a strong resistance line that price reacted to. It reversed 4 times, and this 4th time is definitely going to be the next bearish reversal move. First TP used to be a resistance line, now it broke out of it. Chances are, once price reaches that level, it will bounce back, so that's my first TP. Second TP is actually this week's close. Price, on a weekly...
Looking for some nice short opportunities to the downside for GBPJPY. Would like to see price to move to the downside towards structure #2 before retracing back to structure #1. If price was to stay under that marked structure, then would like to see further movement to the downside to the overall target which is marked. Would like to get some peoples thoughts...
I took a short trade, expecting the market to follow a bearish structure. And it did! It made an uptrend, then it went up for quite a while, but now I am seeing a reversal pattern, and the fact that it hasn't broken the previous high just further confirms this potential downtrend My entry price is just above this current high, which makes it a perfect...
After a fake breakout of the 4hr trend line (manipulation?), I expect this pair to re-test line before continuing higher. I would take this trade, via a buy limit order which would be placed in a confluence area with a 4hr trend line, market structure support and 50% fib level.
After completing an impulse and correction on the daily chart, I expect this pair to make another impulse and create a lower low. Considering that the pair is currently inside a resistance area with strong market structure and Fibonacci confluence, it is a good time to monitor price action development on lower time frames to find a good entry. A good swing target...
With this pair having completed an impulse and correction on the weekly chart, we can look forward to the next swing leg in the market; which should be an ATTEMPT by the pair to create another impulse and a higher high on the weekly chart. On the daily chart, this pair has just broken (and closed) above previous resistance; thus presenting a good opportunity to...
1. Price is near a support zone 2. Market might continue upward movement
This trade was analyzed using institutional trading concepts with the High and Low of the previous day!