The yen pairs have been climbing very high for the pass few weeks. It seems as though price is getting rejected to go any higher. We will see if price will continue falling after it touches the trendline. Still a good opportunity to grab a few hundred pips.
EURO struggles and we don't know for sure what's gonna come out it, but right here, at this point Divergent Crowd making Divergent Decisions upon their desired Directions which making shores great place to setup the Trap.
We're looking for Rejection during Event Retracement which marked as Entry Point
Hello,
NZD/USD downtrend taking shape, price is pulling back, will look for short position as soon as pull back momentum will decrease, probably rejecting 50 EMA and 0.382 fib, even though given the current acceleration I'd say it could even reach 0.5 or 0.618, while waiting for Fed's rate hike.
Either way keep your eyes peeled and be ready to get in the trend!
So there is a good looking Retrace Action might be on the way. So we're looking to see Retesting follows by Immediate Rejection just above upper Level.
price way below 50 ema. Price has been rejected from 6928 level a couple times with bullish jumps. Smaller time frames showing bullish momentum. Time to start buying to the weekly high. Stoch oversold.
The price will soon reach a strong resistance area as well as the trend line. I'll wait for the price to test the resistance area for a potential rejection back to 0.953
Trade with care. Could be a breakout as well.
The breakout is expected to reach around the 1.125 area, as the trend shifts towards structure, the ascending horizontal trend line is a point for either a potential rejection or a breakthrough. I have predicted the trend to reject and bounce off the trend line where I have placed my entry, the trend may move corrective towards the 1.118 area where the lower...
I am looking usdjpy short because it is getting rejection from the mother candle on D1 and formed a Pin Bar So we can get enter on breakout of pin bar or 50% retracement.
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- Previous structure high big turning point after brexit
- Market printing a clear range between brexit high and low @0.83289
- Bullish rally from 0.83
- Price stalling on all timeframes especially the daily printing indecision / strong wick rejection at this level which we'll be using for our entry signal
- Entry at the low
- Stops above the most recent high
AUDUSD is showing rejection at the 14 day SMA and bearish trendline. SL above pinbars with a conservative TP at the bottom of the potential triangle before continuation.
The pair has shown rejection at the Daily EMA cluster which will protect a SL above this level. It has also already tested its average daily range and may retest the trendline. TP at retest or AB=CD with SL above the EMA cluster.
We have been watching the us energy stocks and looking for signs of a break down. COP is one that appeared to be in correction and has just recently broken down out of the triangle. We're watching for a retest & rejection and then will be selling.
I'm shorting this pair because of the rejection from the top trend line. Stochastic indicator is showing that we may see a second retest of the trend line before rolling over.
Entry 81.024
S/L 82.629
T/P 75.133
