Though it bit risky but you can open a short term scalping trade on NZD JPY Entry: 70.27 SL: 70.40 TP: 70.15 How to Become a Profitable Forex Trader: 1. Money Management (max risk per trade 1-2%) ✅2. Money Management (max risk per trade 1-2%) ✅ 3. Money Management (max risk per trade 1-2%) ✅ 4. Any strategy or indicator will work fine with 50% accuracy but the...
Ichimoku Kijun-sen bounce trade in confluence with trend line bounce
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). Looks like there is more downside coming as on the 4 hour everything aligns in the Ichimoku system for more downside. 1. Price is under the cloud 2. The Cloud ahead is turning bearish. 3. The Tenkan ( Yellow Line ) is under the Kijun ( Dark Blue line ) 4....
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If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). USD/CHF has been bearish lately and had a small reversal on June 11 when it broke to the upside of a falling wedge pattern. Now it's forming a bit of a bullish flag/symmetrical pattern and although the general trend seems to be bearish, this pattern breaks...
USD/JPY looks like it might be up for a reversal. It still looks bearish at the moment, and will until it breaks the Kijun ( Dark Blue Line ) although it does show some bullish signs like the twist in the cloud above as a weak point of resistance ( Green circle ). Additionally, there is also an increase in volume on the OBV which supports the small uptrend. If...
For this setup I'm looking for a slight push higher to test kijun sen. If we get a rejection I can start to look for sells. All our other confirmations remain bearish right now so we will keep that bias until something changes. I've drawn out some partial take profit levels to aim for on the way to the overall price structure levels you can see on the left...
This is a little bit of a longer term move I'm watching. I'm looking for a bullish breakout for a chance to get long. We'll have to keep an eye on this as it progresses as it's still just an idea and needs to develop a little more. If chikou span falls below price then this may move back to bearish and we can shift our bias. If we do get our bullish...
If you're a member of mine then this will look familiar. We already grabbed a little profit off the initial drop and I'm looking for that bearish run to continue. We can enter a sell here at the kumo with a stop loss above recent price structure highs. I'm targeting price structure to the left as my overall target, but I've also drawn out some partial take...
This pair has been stuck in consolidation for a while now and I'm looking for a sell here near the top of the zone back down towards the middle or where price has been stuck. Even after a small gap at open we have a good opportunity to get short as price will likely look to balance back out yet again. If we fail to break down further the we have a tight stop,...
This pair has been moving steadily up with the fundamentals that have been deemed safe versus the chaos going on with the dollar. I am looking for a small drawback to previous price structure support for a chance to get long. We have a good short stop here and we can aim for previous price structure as a target. If we fail to get a good drawback and support...
GBPUSD has been bearish for a while but recent action shows a strong GBP. In the main chart, we can see a first breakout of the Ichimoku Cloud, then a retracement and a re-test of the second line of the cloud with a very strong reaction by buyers. If we zoom in, we can appreciate other details. 1. Price already broke last important Swing High of the previous...
This pair has finally been holding support and is poised to attempt a bullish kumo breakout to form a new trend. I've set my buys above the previous candle's wick to enter into our long position. I've set my overall TP at price structure highs from a few weeks ago as well as a few partial take profit levels along the way. If we fail to maintain bullish...
We've been absolutely hammering this pair lately, let's see if we can keep that streak going. This setup is similar to the Aussie play we're looking at as well. I am looking for a small bounce up and a rejection at tenkan sen to keep the bearish trend running. If we get that retracement and rejection I'll enter the sell with the main TP being down at the...
This pair has broken below the kumo and is trying to establish a bearish trend but struggling a little here. I am looking for a drawback to tenkan sen and price structure for resistance to form to help confirm a sell. If we can get that drawback and push down, we should be able to break the support we're currently stuck at around .6410. If we're able to get...