Lukso Potential moves over the next 1-2 weeks, will be breaking them down in my upcoming youtube video and what to do in each scenario!
scenario 1 is a straight forward trend within the drawn lines
scenario 2 we see a pull back into a teacup and handle (to the moon after)
scenario 3 we slide into a double bottom and see another large accumulation stage
Day trade for Tuesday June 15.Technology sector has had a week of strong relative performance. Momentum indicators in full swing, 1 hour charts show bullish candlesticks until close with increasing volume. Stop loss at 83; target price 88.
In my analysis of USD/JPY . Price is at the Resistance Zone and has completed the Teacup Chart Pattern. Price should complete the pattern by forming the handle and sending price to the Support zone to price $109.217. I used price action & chart patterns to make my analysis. OANDA:USDJPY USD/
it's pretty crowded, but I'm not ready to clean my chart just yet.
I'm looking at the orange rectangle with the ellipses, and the green arc. We're looking at a teacup here, so things will be bearish for a while.
The chart shows it. I hid the indicators, but I'll keep an eye on it and see how 8:00 meets us.
Based on price action, I see a teacup formation with a Price Reversal Zone at the top. I'm thinking about recent trends. It looks like it'll continue upward for some time, but we're in a reversal right now. If you can go a quick sell trade, you can probably try it....
mid retest on a teacup - buy market execution or pending order to the fourth touch on the trend line and breakthrough 30-70 pip TP as you please. tight sl as this is a mid retest and 45 pips from original entry
CADJPY buy set up -
The market has formed a teacup on 4hr TF
since 17th April and up close a W is forming .
Anticipating a move to the upside from resistance trendline break
resulting in a 1 15 pips move .
For CJ to continue rising it must break the resistance trend line .
Gold set to pullback to buy zone between $1302 - $1308. Within the buy zone, the market would have completed the teacup handle which is a good indicator for a buy.
After the slight consolidation around the buy zone. Bulls will take Gold creating new higher highs.
FULL BREAKDOWN VIDEO OF THIS ANALYSIS IS ON MY FREE TELEGRAM CHANNEL @FreedomTraders1
USDJPY 2 Tea Cups & Possible Double Top
I'm active in the teacups if it closes above resistance I'll be closing these trades out. I'll take the 618 retracement as well if it doesn't though.
Moving Averages are a good distance apart as well.
TP: currently 50
if resistance holds and it goes down to the 618 as stated above I'll be...