Hello and welcome to my Trade Idea of the currency pair EUR/JPY.
Let's start with the Top Down Analysis.
Monthly: Monthly is bearish.
Weekly: We see a bullish push the last weeks but also bearish confirmations.
Daily: We recognize a trendline.
Have a nice day.
-Very good selling opportunity of the rests of the support of the channel.
-There is a confluence with the support of the channel and the demand turned supply zone which shows price could potentially react from that zone.
-Another confluence is that the 38.2% fib level is line with the supply zone which gives me more confidence price cill reach that level and...
EURUSD we are creating higher highs and higher lows on the Daily, which indicates that we are in an uptrend, so we are looking for buying opportunities. However we don't want to buy just anywhere. Buy low & Sell high. Prive has just reached a sensitive point from where we saw a major rejection around 2 months ago. I am expecting price to create a retracement from...
Good Day Everyone!
Made some analysis regarding EUR/USD.
Color Legend:
Purple - Monthly
Blue - Weekly
Red - Daily
Green - 4 Hour
White - 1 Hour
To get "straight" to the point.
First look on the daily is showing us a strong Up trend, confirmed by a cross of the 200 EMA. Now ideally we can wait for a re-test of that area,
the Daily closing candle is a Inverted...
The pair has reached a massive horizontal structure on the daily timeframe, which can be seen below.
The setup might give grounds for a long from within the structure, but a great deal of attention is to be paid to the price action within the supporting structure.
I will be monitoring the pair closely.
Guys, if you enjoy my analysis, why not hit this like...
As I have already mentioned, in my previous analysis of the pair, the link to which you can find below, there was a potential for returning into the massive diagonal channel, which can be seen on the daily chart attached.
The return into the channel was confirmed by the daily candle closing inside the channel, below the resistance area, which gives us a short...
The pair has reached the resistance area of a massive downward channel it was trading in for the last 3 years.
The resistance line is porous, and is more of an area though, which can be seen by the spikes of the weekly candle shadows spanning way outside the channel borders. The horizontal structure to the left helps us determine the potential area of...
Hello and welcome to my Trade Idea of the currency pair USD/JPY.
Let's start with the Top Down Analysis.
Monthly: The monthly timeframe is in a clear downtrend.
Weekly: We see on the weekly timeframe a trendline. We expect a fall like at the 24.02.20, let's see.
Have a nice day.
I am waiting for a breakout in one direction or the other, on the daily, which you can see below.
On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest.
Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile.
I am somewhat short biased,...
There is a opportunity to enter a long trade on this pair on the retest of the demand zone and hopefully start seeing bullish momentum on the pair.
Lets see what happens during the week!
CAD/CHF pair seems to have broken a support line on daily.
On a lower timeframe it has found a local support line, from which it has bounced.
I am a bit late to the long party, but if there is a pullback to the support, I will go long.
Going long now does not make sense risk-reward wise.
The first take is at a level where there was a small range to the left,...
