We are likely to hit 161.8 fib from previous move @191.10 while also at support and oversold RSI condition, so there is a potential long setup at 38.2% retracement @216.58 or even 50% fib if you consider the minor levels of structure that we've created @224.57-232.56 range. After this move we could see continuation of a down trend when shorting at those levels...
two days ago price move quite strong to the upside, but yesterday we can see some seller pressure and created Pinbar
with the formation of this pinbar we will try to sell when the price pulls back to 50-61.8 levels
if the price pulls back to the area, the price will also retesting the structure area.
RR on chart
USDCHF POTENTIAL SHORT
OKAY SO I'M GOING TO KEEP THIS POST REAL SIMPLE. SELLER POWER STARTING TO DISPLAY ON 4H AND DAILY TIMEFRAME. AT A VERY SIGNIFICANT WEEKLY STRUCTURE RESISTANCE. LOOKING FOR A WEAK BUYER PULLBACK INTO STRUCTURE AND SELLER INTEREST TO COME BACK IN. ENJOY!
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS!
P.S. GJ SETUP STILL...
GBPJPY POTENTIAL SHORT
OKAY LETS TAKE A LOOK AT GBPJPY.JUST WANT TO LET YOU KNOW THIS CHART IS A LITTLE BIT MORE DETAILED THAN THE POSTINGS I USUALLY DO. I FELT THAT ALL OF THE ANALYSIS AND TOOLS USED WERE TO APPROPRIATELY ANALYZE THE HIGHEST PROBABLE MOVE IN THIS PAIR. AFTER LOOKING AT THIS CURRENCY PAIR AND THIS LAST WEEK OF PRICE ACTION, THE MARKET HAS BEEN...
EURJPY POTENTIAL SHORT
IF YOU LOOK AT THIS CURRENCY PAIR YOU CAN SEE THAT ON THE LEFT HAND SIDE OF THE 4H CHART THE DATA IS DISPLAYING VERY STRONG SELLER MOMENTUM OCCURRING. WHEN YOU APPLY THAT TO RECENT DATA MOVEMENT YOU CAN SEE THAT THERE WAS A STRONG SELLER PUSH TO THE DOWNSIDE LAST WEEK ON THE 4H CHART AS WELL AS A BREAK OF RECENT STRUCTURE. THIS IS SHOWING...
Price already in the high location and still don't have any significant pullback.
so i'll look for sell on this pair.
Sell on break triangle will become the entry strategy.
SL above triangle. target on chart