This is just something I want to share how you can analysis 1 chart with different scenarios
DO have a look
From where price is at
1. The ABCED triangle pattern where we enter at E
2. The flag pattern is forming
3. Market Structure shows a bullish pattern (Numbers 1 & 2 Above Patterns)
4. We see and inverse Head and Shoulders where right shoulder is...
The pair is trading on a long term 1M Channel Down (RSI = 37.681, MACD = -0.379, Highs/Lows = -0.5701) that has come close to the 11.460 1M Support where it rebounded last week. This can be an early signal for a trend reversal and buyers you have entered early can systematically aim at the gaps. First the 12.390 Lower High, which if broke should lead to the 1W...
NOK/JPY looks like it wants to reverse trend by giving us a nice 4hr range break signal. Closes above the last leg down gives me the impression it wants to move upwards soon. At this moment there are two closes above the golden line which is good, a few more would be better. But before we FOMO LONG, stop and think, "could this retest lows?". Yes. In fact that's...
Looks like we got a trend reversal signal (closes above the last leg down) on the 4hr chart. One of my favorite time frames to trade. Looks like we are right in the middle of the pull back. Keep an eye on this higher low here, might be the one that takes us up. I'm personally longing this one from this range, easy stop loss near or below previous lower low as...
The pair is trading within a strong 1D Channel Down (RSI = 34.726, MACD = -0.120, Highs/Lows = -0.0831) for the past month. Currently the Lower High zone holds (red rectangle) and should push the price towards a new Lower Low at 12.350. If 12.630 however breaks it will give a medium term bullish reversal signal and we will target the 12.800 1D Resistance.
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Hello, Traders. We seen a wedge formation on the NOKJPY chart, and price is moving as expected. We are already in the trade at top, and look for a second trade after a correction for more down side.
Happy trading, guys.
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