In the 1hr chart, USDJPY is waiting for a brick pattern break out. the resistance is around110.03 and the support is around 109.15.
we are hoping the price drop below 109.15, if the price coud move below this price level, the price may toward to 107.77 and 106.77 as the final TP.
AUDCAD in a short term 1 hr timeframe has been touch price 0.95219 and 0.94881 both twice, which may indicate that the price will facing a break shortly, we could call this is brick break out, if the price break,this towards a new price level which showed on the chart
NZDCHF need a significant break, if the price break 0.67531, the price will continue move upward, however, if the price break the risk area and fall below price 0.66669, this could show the that the the long bearish continued.
The price continued move upward since our last oil trade, this is a risk area around 54.46 - 54.89, if the price move above 54.89 and real stand above the 54.89, we could place the long position, the major reason is there is another head shoulder bottom appear if the price move above 54.89
The OIL made finished trhe downtrend, when you use FIB Retracement, the lowest price reached the 0.786 and started move upward, the Head Should Bottom is not we really respect the shape pattern, because the right shoulder is lower than the lift one , but the price price moved Higher-Low and Higher-high may appeared. we may reduce the risk by % of valume and make...
For NZDUSD still moved as a downtrend , and currently the price still on the phase two . To make sure the price continues the downtrend,we have to ensure the price break the phase two and start a new phase 1.
the significant signal of this is: when the price break the phase 2, we have to waiting for the singals such as: a REAL Pin-bar about more than 40 pips with...
For the inside bar strategy, there is an another strategy we could use . the first inside bar after the mother bar , we could use the inside bar to measure the range of a short term movement, the next HH, HL, and LL LH strategy give you a trend and the highest or lowest Price is are TP and the SL is few pips Higher or Lower, depending on the position you make .