Price is in a parallel channel, Shorting at daily resistance. Price should fail to break higher & the Dollar is due for a retracement. Placing a sell limit
Bounce off daily trend line & 61.8 fib.. Stop loss 0.78180
Waiting for a break above weekly downtrend line to go long. A lot of indecision on the lower time frame this is the only valid & safe trend line to follow in my opinion.. Trade safe!
Descending triangle wedge, waiting for a breakout to continue bearish momentum. Price has been consolidating after its last push to the downside, a strong move is to come! GBP news data again in 3 hours I will look to enter after break of support & wedge pattern.. Trade with care!
Price opened up below the daily uptrend line, now waiting for a close below support & potential retest to go short. Should be a good opportunity this week potentially, this pair has been playing a bit..
Price came out perfectly, 4 hour uptrend line broke last week then price came up to retest broken trend line. Looks ready to go short now as price is testing the 61.8 fibonacci level now. If we can get a close below I will be taking this short..
Price now near support & its 4 hour uptrend line, expecting a bounce to the upside, however if we get a break & retest of this uptrend line plus support turning resistance, price could drop 100 pips. Overall we are in an uptrend & this support level price is near is a very strong weekly level that will need a lot to break through.
we are getting to a good level of support, in my opinion it could break very soon, look for short opportunities, recommend to use it daily or weekly only, use short time frames to look for breakout of the support levels
waiting for YEN to rally to these two levels for shorting opportunities
Change of perspective on this one, price broke its daily downtrend line/ resistance (112.300), now turning support. I expect price to consolidate above this broken trend line until news tomorrow as well, this one also will require some patience. Yen has been very weak this week overall, not having much followthrough causing a break of resistance. Will be on the...
Price broke its uptrend line, expecting another potential retest to trend line.. Moving averages sloping over to the downside 20 MA under the 50 MA ..
Price seems to have broke out of its weekly uptrend line during the close of the market. More downside potential to come, I will see how price comes out when the market opens if there will be a potential pullback or not. Price is currently above support, & more confirmation is needed, but overall it looks like more bearish direction is to come.. Trade with care!
Watch for a break & close below support, & be mindful of a potential daily uptrend line here. We could get a potential rebound of that trend line or break + retest sending price further down.. Trade with care!
Price back at its Weekly uptrend line, a bear flag has presented itself as well. Watch for a break of the uptrend line & retest to indicate more downside potential to come.. Confirmation needed! Trade with care :)
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: NZDJPY Time frame: 1D Just wanted to bring this to people's attention. I have noticed that a lovely wedge has formed on the daily chart for NZDJPY. Don't expect any kind of big move until we have broken out...
GBPJPY Possible Scenario - Wait for close under trend line and retest it for short or above trend line with retest for long.