Price has made a triple top formation at resistance, along with a break of the consolidation box region. Price is now sitting on support, above the ascending trendline. Will be watching for a breakout of the ascending trendline along with support structure for a trend reversal on this pair..
Use this as an idea to develop your own setup
Main items we see on the 4hs Chart:
a)Price is against the daily descending channel, we should see if the price finds resistance there or if it's able to surpass it
b)If the price Re-enter the zone, we will expect a corrective structure, this will be a good entry for short setups
c)If the bearish movement returns,...
I still expect to see the Japanese yen in the 86-96 area on the daily timeframe. Cancellation of the hypothesis - a breakdown of the red channel up. On a two-hour chart, the picture is locally bullish, the pair is going into the red fibs area, then a trend will change to a downtrend.
In general, according to the plan, after entering the red fibs area from a...
Similar sell setup for gbpjpy in respect to USDJYP. 132.000 is the price I am looking to go short on this pair
Please Like and comment below if this analysis is your fit.
Also remember Am offering a 50% discount to the first 10 people that are ready to get into my team and get trade analysis like this and trading signals for 3 months. If you are interested,...
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
THIS COULD BE A POTENTIAL INTRADAY SET UP NICELY.
LOOKING TO SEE IF PRICE BREAKS THIS ZONE TO THE UPSIDE OR IF WE HAVE MORE WICK REJECTIONS WITH COULD BE POTENTIAL SIGNS FOR SELLS.
PLEASE REFER TO CHART.
For the past 2 weeks, many traders have tried to join the uptrend on USDJPY.
Is it still a good idea? Maybe not anymore. The chart analysis on the M15, shows that we just had a breakout of a rising wedge that seemed to be very strong.
Not going to trade with any short position, but I will not even plan long positions for this week.
The USD/JPY on the 4-hour time frame has been following an uptrend recently. The price broke above the key level of 108.000 on 12 September to reach the highest level of period under study at 108.191. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent...
potential selling setup on GBPJPY.
the market has recently broken the boundaries of a rising wedge pattern,
and now it is trading in sideways setting a perfect double top,
the last thing that we need for confirmation is a bearish break and close below the minor support.
Trump delays tariff increase for 2 weeks (October 15 instead of October 1) this is change market, This is change market again, NZD ONE OF strongest, JPY the weakest
Chart time frame - 1D
Time for reaching TP - 8 - 72 hours
More information soon!
Follow, Like, Share or Comment
Thanks on supporting!