Watch for any break of trend line.
Multiple confluences, starting off with the indecisive candles retesting off the monthly 50% FIB and the weekly Support lines. Gathering the momentum from these indecisive candles and if the news release projects positive numbers I believe there could be a break of the weekly trend line, pushing the EUR/JPY into a fresh new...
Waiting for price to pullback to deceleration zone and inner CTL highlighted to form lower high and for bullish PA to confirm movement to next downside target @ 119.896 = next swing low possibly.
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SHARE PRICES, SINCE FRIDAY’S MARK, HAVE MOVED NOWHERE as our International Index has lost one single point as five of the ten markets in our Index have fallen and as five have risen. Given that our Index finished last year at 9,556 and given that it is 9,238, for the year-to-date stocks in global terms are down 3.3%, while stocks here in the US as represented by...
We can see on the H1 chart a double top has been formed. A good oportunity to short for intraday. Then when price gets to the 1.4300 level!!! whould have lots of confluences to go long as a swing trader....
This is an opportunity i've had on my radar since last friday.
As the market slowly retraces back into our structure resistance levels this potential bat formation sets up @0.7911. Right now i'm looking for a rally up into this level to hopefully see a correction into our targets. For now all you can do is sit and wait!
Good luck trading everyone!
We have just seen a good retrace on 1h timeframe. Which has confluence on the support of the 10th of May and also the 38% fib retrace. The weekly candle closed really bearish and we recently have seen two dogi candles on h1. We want to reach the -27 fib extension.
There has been formed a head and shoulders on h1 and it is recently been broken. We would love to see a 4h candle closing big and engulfing above the 0.739 level, which it looks like is soon going to happen. The Take Profit won't be till the supply zone. It will be till the 61.8 fibo retrace of the downwards impulse. Let's play it safe.
BIG BULLISH MOVEMENT ON H1. WE WOULD LOVE THE PAIR TO MOVE TO THE 61.8 FIBO RETRACE.
THIS IS AN INTRADAY TRADE. TRADING SAVE AND NOT BIG RISK:REWARD....
