About mePursuing superior trading knowledge by understanding market kinetics and relevance of ichimoku in daily trading activities whilst following Elliot wave counts and respecting key fibonacci levels
USDJPY has really taken a beating this year but is showing some signs a recovery may be about to be made
We have identified a head and shoulder pattern and are waiting for a DAILY candle close above the highlighted area neckline
Upside targets lie at the next key level, 110.000
We have seen a lot of fundamental based drives on this commodity over the last month which has allowed massive trading chances!
Now looking at the downside, we can see a nice scenario of confluences unfolding on a lower timeframe :
1) Moving average rejection
2) counter trend line break
3) Key level break
Looking to target $1365 with a stop loss above $1408
Weekly: Bullish candle close last week has us looking at further upside movement. Price did fall as far as 1.83400 last week before finishing the week strong and closing above the 1.8500 level, indicating to me that the bulls are in control
Daily: Fridays bullish engulfing confirms the creation of a new higher low so we can expect the price to now form a higher...
2017 has seen a 1500pip BULLISH RUN breaking key levels 1.09750 and 1.14500 respectively. As the year draws to a close, the price is floating around another key level of 1.19250 but with the BULLS being so dominant this year, we are expecting this level to be broke as we continue to rise on the back of a WEAK USD for the first quarter of 2018
Since being rejecting from 1.81000, the price has fallen 500 pips to current levels and could be ready for a large swing move to the upside. Key level 0.75750 will be a crucial level going forward and is where we will most likely be looking for LONG positions from
Also bear in mind the significance of the price remaining below 0.77550
More aggresive traders...
This pair is showing BULLISH trending patterns, however we may be in for a retracement to create a new LH before moving higher
After trading the breakdown of the recent Double Top formation (4H) from recent highs @1.29000, this pair finds itself at a Major Level of support (1.28000) which if broken, could see the pair return to 1.25850. Here the price will be...
We started opening LONG positions on this crypto when it was valued at just $42. Now we have almost touched $100 and have since had a pull back to recent structure and fib levels. Here is where I will be opening furthing long postions targetting +$500 come 2018
This pair has been struggling in the recent weeks to break out and above of 1.28000 and has been ranging for while now. My bias is Bullish as I can see the potential for the formation of a D leg to complete a ABCD pattern. With point C forming at a 38.2 fib level, it is clear the Bulls are still in control and targets may well be reached by the end of the...
I like the idea of shorting this pair in order to catch a retracement before we move higher. Price is currently touching the CTL for the third time as well as struggling to break through 1.24200.
Monitor price action on the lower time frame (1hr) to find a set up that reaches your criteria. Price is currently forming a spinning top on the 4hr
1.05000 is a key level after price failed to break it yesterday. A clear break of this level will open the way to 1.3500 with relative ease.
Bearish bias is formed due to the fact Higher Lows and Lower Lows are being formed
D extension @ 1.03740 is a good area to take profits on short positions
Break of 1.06046 could encourage a few bulls but for me, it will be...
Retraced back to previous broken structure / 50% fib retracement and showed decent reversal price action.
Set up has produced a nice 1:2 Risk to reward trade.
CAD news coming out today..trade with caution
This pair has been on a Bullish run of late but is now approaching strong resistance around 0.73300.
A range box can be drawn from the lows of 26/01 and the highs of 31/01. A breakout strategy may be favourable in this setup.
Waiting for a kumo cloud crossover to show is a necessity before entering short.
If the price fails to break through 0.74000 and...