Possible setups for next week. There could be a possible double bottom forming in the 1 Hr TF. Price has already respected price 90.500 and could respect it again.
Other possible scenario is that price can drop down to 90.000. It does seem like there was a head and shoulders pattern that formed this week.
Always remember to make time for backtesting. Its so...
Hello traders, this is my analysis of EURJPY. Price has continued to keep closing under price 134.000. Although, there is a potential fakeout from last week. Over bullish, but correction is needed.
Two scenarios.
1. Price can fall drown since it has been closing under price 134.000 and drop down to price 133.000
or
2. Price can just continue bullish to...
Price is ranging between the 1649.46 zone (support) and the daily ressistance of 1691.14. It is also forming a failing wedge and candles could close as an Engulfing or Harami pattern.
SL:1641.37 TP:1690.63 ENTRY: 1659.256
Recommended 30% risk only .. i.e. usual trade for this size ticker is 1000 shares, go in small at 300 shares and trail this one on the way up.. catching a sharp knife, trying to pick the bottom - so relatively tight stop and either it goes or it doesn't!.. see chart -- close up view in comment section.. Happy trading!
Zone Traders! How Sweet was this one.. as we predicted in the Mentorship Discord Chat ROKU continues and break up bullish out of the penant - see chart.. we are D/240/60 traders that day and swing trade.. just on example of 20 plus ETF / TIckers we break down and plan nightly for the next days trades.. GET IN THE ZONE! .. Don Fron Show Zones ..
We see the Daily Range continuation after the price movement from yesterday. We anticipate that price will return back to the resistance zone 1.29700 where we will wait for a catalyst that will see price breakout of the range. Kindly share your expectations in the comment section whether the price will breakout of the zone to the upside or reverse out of the zone...
A range within a range: Anticipating price return to retest the 1.29700 Resistance zone. We have seen a test of this zone multiple times over the last month and it seems to be holding up strong. Once price reaches 1.29700, we will anticipate another reversal. Otherwise, a break of 1.29700 zone will see prices soar to new highs.
Simple Zone to Zone trading.
Price broke 1hr/4hr Demand to the left and shortly after, pulled back to retest that zone, Creating a small 15min bearish engulfing off the (DistalLine) of the zone. THEN a 1hr bearish engulfing.... Yeh, ill take my chances with this short position. Stops above the distal line of the zone.
Now we can watch price potentially trade...
We have been down on GBPCAD for a while. Forecasting that it will continue, we are approaching a wonderful continuation zone that COULD work out to the down side. A market to definitely be watching over the next few days. Right now we can not truly define the risk on smaller timeframes other then the daily. So we will watch 4 hour and 60 min supply zones until...
