Short FX:AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure. Details: Short Entry @ 0.95119 Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set. Initial Take Profit @ 0.94808 Lot Size: 10k Opening Account Value $165.00 4 Hour 1 Hour 30 Min Just a newbie trader whos...
Hi Team! Welcome to today's update on Ethereum. We've seen some signficant bearish price action in the last few days once we broke the wedge that was forming above the half quarter level of 150. Price dropped to the key support area at 116-120 and although it was respected... We are now seeing similar price action forming at the 125 quarter level. If we compare...
The reason why we believe this pair is bullish Strong weekly zone rejection and Daily strong bullish candle Next week we will be looking for confirmation on this long bias by delving deeper into this and looking for confirmation on the smaller timeframes. We will be looking for a pullback and an engulfing bullish candle to confirm our entry. We will...
chart analysis: Price of the GBPJPY is currently in a downward trend movement. I expect this will change in the longer term period. 3 different zones have been drawn: - The green zone (Target zone) is the price forecast for our profit. - The orange zone (S/R zone) was a zone that had not yet been breached. The price has passed the zone at the...
Price has been ranging sideways between 0.9600 and 0.95700 this shows me that there is potentially a chance price may break lower. There is a fresh Zone at the 0.9300 level which has had one tiny test and bounced from this level. If price shows signs of rejection at this level it could be a good place to get long to the 0.96900 level. If price were to break to...
Having a look a the bigger picture on the 4hr and daily I have closed the Long Trade I had. Looking at the Daily there potentially is a further drop of around 50 pips before we could see price rally up. When price last tested the 109.800 level price had a larger 475 pip move to the upside. This zone was rejected instantly the first time it was tested and due...
Looking at how price has been moving I feel that we could see price push back down towards the last zone at 0.34500 level before we see a potential break higher towards 0.44 There were a lot of sellers at the 0.4 level and since we have already seen a small bounce from 0.35 this area appears to hold some weakness. If there was strong buying sentiment at this...
the USDJPY has made an upward movement in the longer term. This trend started on 26 May 2018 and the price has risen rapidly thereafter. The trend line (blue) was respected several times during this uptrend. Personally, I think that this uptrend will stop in the long term and make way for a downtrend. The price does not make new higher heights anymore and this...
Third touch trend line ABCD pattern looking good Fibo retracement to sweet spot enter if price action rejects at this 618 level Eur is overbought downtrend = shorts
On significant resistance level - FX:USDJPY 40 pips in 4.5 hours Doji and a following Bearish hanging man - could have entered here, little riskier but better RR Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going at either entry point, very little draw down . much easier to trade...
Price has rejected the weekly zone with a nice wick, there are a couple of 4hr zones to be mindful of but if price respects the weekly zone could see some higher price this coming week
sexy price action break and retest of level (last kiss) morning star on 5m RailRoad Tracks/tweezer bottom on 15m and bullish hammer 30m Eur momentum is up after retracement keep it simple and follow price action target is R2, could also trail stop and see how she goes
it is what it is, head and shoulders along with sexy 4h price action dojis on long ago resistance level from july 22
I have reasons to believe that price will go down to support zone as I mapped out here on the 4 hour chart.
Given the recent weakness for the USD we believe this may just be a retracement, looks like Buyers are still lurking at around the 111.500 area and ready to add strength to take price further possibly overcoming the sellers remaining at the 112.550 area and carry on further to reach the recent highs of around 114.00
EURCHF has broken out of cloud with Chikou span free with bullish TK Cross and Kijun is also not flat. It also aligns perfectly with zone to zone.
EURUSD is in a fairly obvious downtrend which is why to start off the week I am looking to see a slight movement up towards the 1.145 - 1.147 area at which point I will be identifying if a sell scenario is confirmed to go short for the week down towards 1.13. There is a large amount of market structure at the 1.135 area so we could just see a continuation of the...
No clear trend to me this week but mapped out a few key areas of S&R