Hello Traders!
Price formed a nice bearish engulfing candlestick around Support turn Resistance at 1.1910 and Trendline, this is good confluence to short this pair down to around the 1.1550 level.
Price is King follow its lead.
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Regards
Hello Traders!
Price formed a bearish signal on the 132.50, 131.90 Support turn Resistance levels...will be shorting this pair around these Resistance levels down to the 128.00 level but will be expecting price rejection around 129.50 level.
please support with LIKE if you find the trade idea useful.
Regards
Hello Traders!
Price invalidated the channel and currently forming a bearish signal over Resistance area at 1.2260 which was formerly Support of the invalidated channel and looking at the chart pattern, price is rejecting the fibs 50% retracement level, this is confluence, rooting to short this pair down to around 1.1950 level.
please support with LIKE if you...
Hello Traders!
Price has been ranging for the past couple of weeks as a result formed a Channel. Price currently sitting on the support of the Channel. I'll be looking to buy when price form a bullish engulfing candlestick around the support zone.
Please LIKE if you find this trade idea useful.
Regards.
Hello Traders,
Channel on the GBPJPY is still valid after a fakey in price action in the last couple of candlestick. Price has currently formed a Bullish Engulfing candle on the support of the channel confirming channel validity. Entered a long position for 1:2 Risk Reward.
Regards.
Note: This is not a financial advice, it is for informational purpose.
@julzey
Hello Traders,
In the last couple of candlesticks price on the 4H, price broke the trendline with a large Bearish candlestick, giving the signal that price is going to dip down to the next significant level $150.00 from the sell zone and with further confluence, price is currently forming a bearish pin bar, giving a further bearish bias.
Regards.
Note: This is...
Hello Traders,
Price has just formed a bullish engulfing candle on a very significant level 1.6600, a level which was Resistance now turn support. As is a result of this bullish candle, price is likely going to form a Double Bottom chart pattern.
Please support with LIKE if the find this idea useful.
Regards.
Note: This is not a financial advice, it is for...
Price has approach a confluence area, the 107.00 level is support turned resistance. I will be looking for a bearish engulfing candle to short this market down to the 105.00 level.
Please support with LIKE if you find this trade idea useful. Thanks.
Note: This is not a financial advice, it is for information purpose.
Price has formed a Bullish Engulfing candle on Support (1.0765) of the Channel. i am taking a buy at the close of the current candle with my stop below the low the the bullish candlestick and target just below Resistance.
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Thank you
Price can go the other direction and rubbish my analysis. NOTE: This is...
Price is on consolidation on the 4 hour timeframe as a result formed an Ascending Triangle. Price is looking like its going to break Resistance as a result of price pattern and NZD has been showing strength in the last couple of hours across board. Either way, I will be looking to go long if price breaks Resistance @0.8555 or go short if price breaks...
