Wait for a break and close below the neckline. If we break the neckline we'll move to the indicated level.
After the flash crash we have continued to trade within a wide range. An important and very significant point is the recent euro strength after a dovish ECB is corrective following the completion of a large bearish triangle pattern. Support can be found at 124 and then 123.40. Below here would imply another top is in and add weight to the view that risk is...
Here we are actively in the market for further downside in AUDJPY after retesting 78.6. => From a fundamental perspective the outlook in Australia continues to weaken. Credit, housing and confidence are all slowing and a dovish RBA is the icing on the cake. => The "positive" headlines this morning from the US-China trade is increasingly priced in and we see...
Hit short term resistance on the daily chart and was rejected. Wait for the candle to complete and for confirmation before entering the trade. Although also be prepared for this to drop very quickly when it does. With such a tight stop and a good risk/reward ratio it may be worth entering and using a hedge buy position as your stop loss as this downward trend is...
The current bullish trend started with an H&S pattern on the price of 104.6 that indicated a reversal. Afterward, the marked formed ABCD pattern that confirmed a bearish correction (112.6) and got back to the upward movement with another H&S (110.3). Then we have a flag that confirmed a trend continuation (112.6) and our target is 116.6 - historical resistance...
Bias: Short Strategy: Head and shoulders Risk Management: 2% Maximum Wait for a break and close to enter.
Bias: Short Strategy: Symmetrical Triangle You MUST wait for a break and close below the triangle before entering shorts.
Bias: Short Technical setup: Resistance + wedge Risk management: Maximum 2% When we reach the trendline watch to see how price reacts, if we break the trendline continue holding your position as we may see further downside.
We have a previous bearish trade setup on EURJPY (Check the related link for the previous setup). Now price is rejecting important weekly support + H4 descending trendline which is a red flag to our short trade. Besides, other correlated JPY pairs like CHFJPY and AUDJPY are also rejecting a significant key support level which gives more validity for impending...
We're expecting some downside on CHFJPY. In order to enter the trade we must first wait for a breakout of the triangle. The targets are indicated on the chart. Make sure that you're using proper risk management and your stop loss is placed correctly.
We're seeing potential further downside on EURJPY with a handful of factors that are currently providing confluence. We've retraced to the 61.8 fib level which coincides with our resistance fractal. This is further supported by our downward trendline and what is potentially a wedge that is forming. It is still too early to enter and we must wait for the price...
Its been a while since I published. Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days. With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play. This current level...
#GBPJPY, #GBPJPY Daily signal. top reversal formed in gbp/jpy daily time frame. price testing upside with low volume pullback.
please see my thoughts on the chart FX:AUDJPY . this looks like a good entry point. please be careful and set your stop loss also.
Here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an SHORTING opportunity for the USDJPY pair. Take a look at my analysis I would love your feedback.