About meThe head piphunter on piphunters.
Price Action traders with a love for Heikin Ashi candles.
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Joined 2 years ago
Price is Ranging and we can we can
expect a bounce from the Demand Zone.
If Zone holdes
We will time entry to go LONG on 1H
chart after first Heikin closing green.
Target 1: 0.76
Target 2 0.775
Target 3: Weekley trend line
Set stop loss at 0.758.
AUDUSD is corrently trading in a nice downtrend, and as piphunters we then look for SHORTS.
But currently price is trading an a close proximity to a string demand zone. So if you are already short you can stay long. But we can not enter short until we see a Norse setup BELOW demand zone.
If price fails to bread ...
GBPAUD is a very bullish pair currently, piphunters will wait for price to bounce from trendline and timing entry on 4H or 1H chart depending on volatility.
Daytraders could take this retracement as an opportunity to go short, but piphunters are conservative and we will trade in the direction of the trend :)
If you mised to buy the breakout or if you wish to add to you positions, buying the 4H trend bounce gives you a nice entry.
Buy at current (or next 4H close) Heikin candle.
Set SL to last low (1.4515)
Target3: Move SL to BE and keep open with a potential target at 1.50
Looks as if we just hit the turning point for the EU!
There is a possibility that there are upside to the 1.1300-1.1320 area, but Iweve closed all longs and are now looking for Short entry signals,
We are now looking to SHORT if current Heikin Ashi candle are a significant RED candle, since we then have a ...
EURGBP have been ranging since Mars, we are currently trading the upper level close to resistance (EMA633 4H/Supply zone)
This is a nice (School book) setup for a bounce back down.
Since we also see a bearish flag there is a good possibility that the pattern will breakout south.
Piphunters will enter SHORT on ...
The weekly bearish pennant and the daily at upper trend channel are all very good indications that we will go down south.
Also the Dealers Desks chart (4H) are at EMA633 acting as support, also an indicator of an upcoming direction change.
And on 1H we can see bulls geting out of steam and the bears are loading ...
This trade has the potential for a nice move up following the nice weekly/daily uptrend.
Piphunters will look to LONG at the retracement on the lower 1H trend line and try find entries on5/15 M charts.
Setup is invalid if price breaks lower daily trend line. Then we have to look for shorts and a possible trend ...
We can look for intra day entry signal (5/15 min chart) to short USDJPY with target at 4H trend line (~123,25).
We are currently at a strong weekly/monthly Supply zone so we might expect an even bigger retracement.
Be as usual we need to see how price reacts to the Zone, if price breaks the zone, you can get a ...
At the looks of it, we just had a reversal on upper daily trend channel at the major monthly trend upper trend channle line.
Se now we need to look for a new lower high on daily.
Piphunters took an agressive smaller sized position (three of them as always) after 4H Heikin reversal and we are currently on 60 pips ...
Gold are currently trading in the middle of Weekly/Daily trend channel, with direction unclear. So we are not touching gold until we see a clear trend/direction.
This SHOULD be around the area 1140 to look for l long bounce trades OR
the 1250 area for short bounce trades.
But as always we aware of the ...
This is probably the pair we will be looking most closely the in the Asia sessin opening, If we get a bounce north and a confirmed trend change (norse style) we might be en for many pips (hopefully)
See related idea for full analysis
There are many factors telling us that the daily trend is about the change to the down side for this one.
We have to look for short entries as long as price goes down from the current Demand Zone.
Piphunters are looking to SHORT if we break below 1H trend line and we have 1H entries signal. We do not encourage to ...
As of right now piphunters can not see a clear price direction, it all depends on how price reacts to current demand Zone.
We have strong uptrend on all time frames, but we are trading in the top of the trend channel on 1H and 4H chart,
So I will watch this pair for a better setup during the week to come.