Smilq

Smilq

Seems a bullish flag. Price is at resistance. Shorting pair to support, first.

Smilq

Looking for break of structure. Entry will be on retracement or aggressive.

Smilq

If this clicks positive, it might take a month time to hit TP. RR is 1:7.

Smilq

Logic may result in loss. Technical intuition may be safer- I prefer to enter when resistance (as drawn) is broken, more likely, while it pullback to retest. It's a High risk trade. Direction is pending.

Smilq

Same AUDCAD... hehe I'm long irrespective. More reason why even without analysis, I should be LONG for EURCAD.

Smilq Updated 

I am not looking to LONG TP1. In fact, I hope price gets to TP1 level without activating trade- this invalidates the trade set-up (because of increased risk). If this happens, I'd rather look for SHORT entry to trade trigger area.

Smilq

We've been LONG on this pair few days ago. Based on what was published, entry was not triggered, but personally I saw another ENTRY and entered (TP done). Now, here is another entry for TP1. Hopefully it clicks.

Smilq

An over-extended M pattern is noticed. Price will likely retrace to the neckline, from this bullish flag.

Smilq

In previous EJ set-up, we LONG EURJPY (RR 5.2x) to a resistance. I expected it to breakout, falsely whichever. With present face, I'm looking to short transiently for about 2.6x or less. Careful!

Smilq

A global support was broken. This setup implies that it was a false breakout. I will split my risk percentage into two, the first part will be set to enter at defined level, while the second part will be manual (based on reversal candlestick patterns). This should reduce risk exposure. Take care!

Smilq

Smilq's hypothesis applied here. The bigger picture I opine, is a Double Top. Target is to where Smart Money makers will like to short from. But there is a likelihood, it will false breakout. All the best!

Smilq

What the set-up implies is, I'm more in a bullish bias for this pair. So, If trade breaks out SHORT- I will not enter trade, even on re-test. But if it breakout LONG, I will go in for two TPs.

Smilq

From this broken falling wedge and global support, I expect - price to retest the wedge trendline, to form an inverse H&S - to long farther up, to form of a W with the global support - to retrace, then bull on for TP3 I'm looking to skip TP2. If it all play out fine, I should enter on retest.

Smilq

I expect a head and shoulder anyways. After which, I intend to SELL USD for JPY- (far lower than plotted in this chart.) RR is good.

Smilq

TP is actually a prospective BUY LIMIT. I look forward to one more SHORT of this pair, and a large bullish moves afterwards.

Smilq

Waiting for breakout. I look forward to EURUSD ranging this week. One reason I'm going for only that TP.

Smilq

Simple throwback. Market cycle. The likelihood of reversal is more likely. If D1 candle doesnt break the resistance, I'm looking forward to SHORTS.

Smilq

High risk trade, as a support had already being formed. Nothing stops it from being a double bottom, or inverse H&S, if that's the intended. Trade set-up is shorting from the middle of channel to two TP levels, First to previous low, second to TP as shown in chart. Careful.