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EURJPY Long (Was away all of last week on vacation!)Back from vacation and happy to be back and honing my skill. My trades have not been accurate lately but I have controlled my losses by cutting them quickly. Doesn't mean the losses don't sometimes get to me - I am human after all. This is zoomed out so you understand where price is at. It's the first touch the big supply zone and price has not only bounced off it but also tried to retest only to make higher lows. It's broken the structure and I'm in. Cup and Handle pattern on the lower timeframes tho I will be focusing on the daily on this one - very nice set up.
by YoungFinance1
2
USD/CHF Shorts.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 toward our opposing smaller timeframe zone, before pulling back to continue lower (Another Entry Opportunity) and making a new low, ALSO hitting our Fresh 4hr demand zone @ 0.98190.
by ShawLearning
CHFJPY Insights We are looking at CHFJPY for a buy. BIAS: LONG Reason: On the daily we are seeing that price is rejecting to fall lower with long doji candles and long wicks to the downside. This tells me that price is having issues making lows. The most recent candle is a bullish candle that engulfs a few of the previous candles. This tells us that there seems to be volume in the market for a bullish trend. You can confirm the market volume by using the EFI indicator( setting 17) - Once the daily candle closes and the line is above the zero line that is an indication that there is volume for price to trend. Stops are place 1.5X the ATR value which is below the sellers exhaustion zone. This chart is on the 4hr however the analysis is based from the daily. Knowledge & Profits - That one page that you should follow and profit with.
Long
by KnowledgeAndProfits
Consolidation playAMD looks like it may be a good consolidation play. I may look to enter short once it reaches the red supply zone I drew. If it does not reach the supply zone and end up breaking out below, I will wait for a pull back up to the consolidation support-turned-resistance line, and short it from there. For me, this would be a straight technical play because I do not know much about AMD fundamentally. Which, is a little bit outside my realm, because I like to mix technicals with fundamentals. However, an opportunity is an opportunity!
NASDAQ:AMDShort
by Bankuur