Trendcontinuation
EUR/JPY Melting !!!!Hi Guys, Just an update on our EURJPY trade using our trend continuation strategy !
EURJPY Retested our 200EMA and price action was formed perfectly creating the potential from further downside, we currently remain short from 131.19 and have moved our stop loss to BE + Spread, with our take profit, still targeting the previous swing lows - When it reaches we will look to top slice / crystalise some of the profits, and llet the balance run to capture further profits / exploit the EURO Weakness and JPY safe-haven strength !!
USDJPY Long H41: Uptrend since 2018-03-26
2: Currently at a good resistance point in daily(110.221)
3: Currently in a 61.8% fibb retracement
4: Creating a new high since 2018-05-01
5: Wait for a retracement on the level 109.877 wich is also the previous high, a good support zone and an extension fibb 1.618
6: Risk ratio of 3.22
TrendContinuation & DailySupport & Channel Movement & 618 pullb EURGBP is still moving in a channel. Price has seen the bottom of the channel and now making its way up. Having seen the first move to up and its pullback is a sign for us that the price will try to make the same move again. Trade is active and the Tp's and SL's are on the chart.
>> GBPUSD << An area to look for both partiesDear traders,
Look at the chart for more information.
Recently we have been pushing up, creating a valid bullish trend, we are now looking to get involved, trend continuation as well as counter trend trading setup.
We expect to see some reliefs from buyers stepping in and sellers taking profit from the previous downward move.
We are looking to get involved in the red zone ( shorts ) and possible to get involved in the green zone, if the market gives us a reason to long this pair, making it a trend continuation setup.
So be on the lookout for those 2 levels and I will see you in a couple of weeks to update this one!
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Next break in the BTC bearish trend! We're getting close!
The resistance at $8400 has been affected and we will probably test it again. In the case of a break of this resistance, we could have a rebound between the long term $8700 resistance with a return on the $8400 before being able to really know the long-awaited break and hope for a new growth.
Be careful however with the configuration shoulder head which could come to break the previous growth.
However, this kind of configuration has already been contradicted and could already be seen in bullish continuation forms.















