CADJPY POTENTIAL SHORT
1W Chart:
*The weekly chart last week displayed very strong seller power resulting in a large push to the downside by sellers
*The weekly had bearish engulfing candle with lower low lower close
*Strong seller momentum for one week
1D Chart:
*The daily chart is sitting at recent significant structure
*Based on the weekly timeframe (big ...
Hello traders,
Currently GBPNZD is overbought on 4hr and 1hr chart, and after finding some resistance the time for sell has come.
Recently price broke out of donwntrend channel and needs to retest it soon.
We have 2 TP for this trade, be sure to check them out on the chart.
If you like my TA and my posts dont forget to press like or follow me, it really helps ...
Hello traders,
EURNZD has touched the resistance and now expected to go down
as H1, H4 and Daily chart Indicates and Overbought ratios.
This one is a long hold for big pips dont miss!
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Price is deciding what to do
Long trade
Retest 50 sma
Buy Stop @ 1.1605
Buy Take Profit @ 1.1630
You determine SL
Short trade
Sell Stop @ 1.1567
Sell Take Profit @ 1.1541
You determine SL
Analysis
EURJPY has been forming a symmetrical triangle around the 129.35 level. During June and July it formed an ascending channel within the larger triangle.
Trigger
August 2nd it broke and closed outside the ascending channel. Additionally, it closed below a support level August 2nd and 3rd.
Trade
Now looking for a retest of the 129.35 level for a short ...
CHFJPY has been consolidating near the retest of the weekly broken inner uptrend , price rejection shows strength in bears, price is currently on a medium term zone on h4, its a sell but price could make way to retest the descending trendline near the 112.500 level.
Mind volume on contracts when shorting now, sell limit at 112.480.
https://www.tradingview.com/x/9akKNAUE/
The weekly long term trendline on this pair has been broken and a potential long opportunity is setting up.
I am currently waiting for the channel that is forming on the 4 hour chart to break and retest the 50 EMA on 4 hr chart. Stay tuned for any updates!
However i will only take this trade when i exit my other active ...
E-Wave asserting its presence here as we move beyond corrective wave C and enter continuation wave 2. Look to S/R (blue) for trend confirmation.
Look to commodities for more insight.
Based on the Triangles Position and how it has already Began the Retest Phase. We are now about to witness a Break out and a Nice Surge to the Top Zone
LTCUSDT Nice Setup, after retest looks like reversal is in play
LTC looks like the retest was higher so i feel it has a good potential to run.
Let me know your thoughts?
Hey guys !
Here is a nice entry on gbpaud .
Accumulation of :
-Strong rejection of 61.8 fib + zone
- Channel confluance
- Overbought stock confirmation
- Trendline breakout / retest
Watch below for multi time frame analysis
Good luck ! :)
Currently waiting for price to retest 50% fib line along with the top side of the symmetrical triangle.
Breaking and continuation of these two lines would suggest a sell.
However, a double bottom could form and cause the price to go long.
So, Like I said, we are waiting for a retest, along with any other confirmations from indicators you prefer
***Trade At Your ...
The price seems to have gained enough momentum to break out the resistance level of the falling wedge. This is great as the price has managed to breakout and looks like it has started retracing back, I believe the price is going to retest the previously broken resistance. If this acts as a level of support and the price is able to bounce, we will see bullish gains ...
Hi all,
LTC has broken out of the downward wedge/channel on the daily chart and retested the upper line.
Combine this with the bullish divergence on the RSI and OBVOSC_LB, and a pretty bullish scenario arises.
I'm buying here, with the .382 fib retracement level as first target, and stop loss just below the lower channel line.
Comments and feedback are ...
