BAT Pattern completed at our D-leg. Previous, we have a strong bullish engulfing candle and now giving us a pullback for another entry towards the target completion of 0.382 AD fibonacci retracement level.
Potential double bottom on the LTF as prices comes back to the neckline structure for a retest. Look for BUY opportunities. Bearish momentum has to slow down for a potential LONG entry. We'll be monitoring over the next couple of hours.
Prices got rejected heavily from this zone multiple times. We're looking for a retest onto the previous structure after the H4 closing and have a potential BUY entry upon a double bottom setup.
Immediate downtrend for USDJPY and we can see that prices formed a lower high @107.000 level. We have a push towards the downside, now retesting a neckline structure as seen a on the daily timeframe. We'll be zooming into the LTF for potential entries.
Double top into a daily structure, with a 3 bar reversal pattern.
Prices broke out of the bearish wedge pattern, came back for a retest onto the trendline and made a bearish move, making an immediate swing low. We'll looking to take profits at 1:1.5. Similarly, for this trade, do take 1:1 if you're planning to manage your trade actively.
We're able to see that prices broke out of the major descending trendline and made an immediate higher swing high.
The entry was made when the previous H1 candle made a higher high higher close candle and we're looking to take profit at the next resistance zone.
