Observe and pending price action confirmation, short AUDJPY around 74.640 with an aggressive stop at 74.750 (or conservative stop at 75.200) targeting profits at TP1: 73.000 TP2: 69.935 FOREXCOM:AUDJPY
spotted a head and shoulders about to form, we go short then long
The chart made a reversal pattern which acted as a retracement in the impulsive leg .the pattern has three touch and formed another pattern to signify the next move to the downside .it gave us the pattern inside the pattern . I would like to hear anything from you as we can share ideas
we have confirmation for gbp/jyp for sell setup 1. 3rd bounce trendline 2. respect liquidity zone
Hi, I see a head and shoulder formation here.
BEST OF BOTH I see this pair having a slight pull back to the downside, Then after the bulls shall take control as we have a very reliable chart pattern
THE OUTLOOK ON THE GBP PAIRS THAT L WAS WORKING WITH
If you check my previous post on uj, this is an update on the price action for d week analysis. sorry if u got stop out cos u tok an early sell on monday
So far usdcad has been going smoothly, we expect a continuation to the uptrend..... any long on uc should be for the coming week only...then u read price action to know wats next.
So as i said last week we we tapped the weekly resistance plus price have rejected the weekly 61.8 % retracement level . Yesterday when the market open we saw a gap and price open bearish and tested the previous last week low 3 times and we see price highly rejectded giving us more confirmation for short. Also we see break of structure in the H1 which confirms the...
Looking to see the market drop after price rejected both our resistance area and trend line. Price could reject our trend line and push up, or break through, retest and drop to support.