Pre-called 2802 and saw it touch today. There is strong support on upper channel trendline; doubtful we will see retest of lower channel line, barring catastrophic geopolitics.
Expect more turbulence and consolidation at this level just above support in the 2810 - 2840 area for a week or so; eventually should breakout thru strong R at 2640.
This is not advice ...
W1 - Price broke below the triangle pattern. We may now expect the price to retest the breakout zone and then further continuation to the downside.
H4 - We may look for short term pullbacks to happen towards the zone shown in the image.
We may then start looking for sells with bearish evidences.
NZDJPY broke through to lower levels on the descending channel on daily and has made way back this week to retest that broken level, price is experiencing heavy supply flow on monthly . Shorts are valid now on h4 swing target 69.900 range on weekly
Price has broken a strong daily support, it has wicked and tested area once. It has setup for a nice short, with a great R:R.
Targets and stop loss are on chart.
*Risk management is KEY!
Guys AUDUSD touch support keep watch for retest zone and enter after confirmation
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in ...
Guys EURUSD makes retest keep watch and u catch confirmation then enter trade Entry zone is long...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully ...
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.
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,
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!
If you like my trades dont forget to follow me and leave a big like!
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 ...
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 ! :)
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 ...
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.
