If you're in the membership you'll recognize this setup from last week. We are looking at a drawback or early reversal setup with EUR/NZD. This is why we're watching on the 1 hour for a possible buy entry upon a breakout. My target is tenken sen on the daily but we may need to adjust the TP as tenken sen moves on the daily chart. If we fail to break up bullishly...
This pair has been holding support and rising higher. I am looking for a kumo twist and bullish breakout to look for a chance to get long. IF we can get those confirmations, that will be enough signs to to enter. If we fail to break above the kumo and hold price then this setup may become invalidated.
Potential cloud Breakout The Monthly direction is down Pair is in the Sell zone on the Daily and is at major resistance levels Since this trade is several hours away from a set-up I can not provide specific order details That said there is 2 ways to enter this trade: First, on a 60 min close below the Daily Kejun Sen (blue line) Second would be a cloud...
Although GBP remains Strong, it does appear to be slowing down. As GBPJPY approaches Daily Resistance at 149.26, it appears to be losing strength. what I would like to see, is a consolidation near the resistance and then a move down through the Cloud. As this trade is still several hours away from setting up, I cannot provide an entry, Stop loss or Take profit...
This is a big drawback play that I've been watching on the daily. We are also headed towards a bullish TK on the 4 hour which leads me to believe we are about to have a major drawback despite our traditional bearish signs here. I am looking for a push up above our current candle, aiming for where our TK cross is taking place right now. If we complete the bullish...
This setup comes from the daily, watching for a drawback. I've zoomed in here on the 4 hour so you can see the setup a little closer. Remember that drawbacks are by nature a little more risky than trend trades since statistically a trend is more likely to continue than to end. So, if we get the break below the current candles we'll have I'll be risking about 1% of...
This pair has stalled out a little bit here and started to move sideways. I am waiting on a move higher to test resistance before looking for a sell to the down side. If we can get a rise to kijun sen and a good rejection candle form I will look to enter this sell. If we break through that resistance or fail to raise that high, this setup may become invalidated.
Monthly and Daily direction is down and have met a ll the requirements for a Cloud Breakout: 1. Have a break below the Cloud. 2. Have a TK cross 3. The Chikou is below price 4. The future Kumo is bearish 2 Potential entries for this trade: First; The Breakout trade. Entry is 4 pips below the low of the Breakout candle (in this case we have to adjust for round...
Daily and Monthly are in downtrends. Cloud Breakout requirements: 1. Have a Cloud breakout. 2. Have a TK cross 3. Have a Kumo Twist. 4. The Chikou is below price ** At the Daily Kejun Sen 1.4948 (Blue line), need a close below it Entry = Close f Candle below Daily Kejun Sen 1.4948 (Blue line) Stop 10 pips (+2 for spread) above the Senkou A PT = 1.4720
We had a long move sideways last week before finally break up and out of the kumo. There are two ways I can look to enter a buy here. I've set this entry at a break above previous resistance. As an alternative I can wait for a good support candle at tenken sen or kijun sen for an entry. As long as we can break above the entry I've shown above we should be able to...
We had a big move upward last week and price has stalled out a little bit here. I am watching for a drop to tenken sen support. If we can drop down to it and see a good support candle hold then I'll be looking to enter a long position for a climb higher. If we fail to drop to support and hold, or if we don't see a good support candle for entry, this setup will...
I'm moving to the daily chart for this analysis, so this will be a swing trade instead of our typical short term trade. We rose up at the end of last week and met the kumo cloud and kijun sen acting as resistance. If this resistance holds we can look for a sell. I am setting a sell entry below our current candle, but as an alternative I may take a sell at the kumo...
Food for thought. Possible targets, helps with shorter time frame trading.
I'll short this when we close the day below the WLY Kijun (purple line) because it acts as strong support (we already bounced on it). Once broken, we'll have reversed the trend on the DLY. Let's wait until next week !
Now that Monday trading has gotten underway an N Wave structure to the bull side has presented itself in the daily time frame. I've added some targets I believe price will get to before i recalculate/analysis where it's headed next. V and N Wave targets seem to be our likely turning points as it lines up nicely with a flat Kijun and a close resistance point back...
We've had a textbook kumo breakout with some secondary chances to enter a sell at our typical bounce trades. I am looking for another tenken sen rejection here for a possible sell to the next major support zone. I've set my entry level below our current candle hoping to catch that move down. I will also take partial profit at our previous candles low if we move...
We had a big bearish move last week before this pair finally found support and retraced all the way back up to kijun sen. It is still holding resistance here and I am watching for a continued move down with an opportune time to enter. I've set my sentry level at tenken sen hoping to catch a move down if we see our bearish price movement continue. I've set my TP...
This pair had a bearish breakout last week before finding support and rising back up the kumo. This also lined up with a rejection at kijun sen as well making it a pretty strong zone between the bottom of the kumo and kijun sen. I am looking for a this area to act as resistance and for price to drop back down to previous lows. I've set my entry below our current...