advent5

advent5 Updated 

If price breaks above the descending channel, I have the suspicion it may be a trap, similar to the one to the left in that larger ascending channel pictured to the left. Though price could just as easily break to the downside. If price does break upwards by about 100 pips or so, conservative traders may want to wait for a double top, just like the one to the...

advent5

Head and Shoulders pattern forming on NZD/JPY. Waiting for confirmation close below 81.38 before entering. T1: 81.00 T2: 80.70

advent5

Breaking out of its bullish trend channel established since March 2016. T1: 116.30 T2: Hold

advent5

Short on NZD/JPY, likely to follow suit wth USD/JPY. Triangle with supporting overhead trend resistance. Entry 81.38 TP1 81.10 TP2 80.60 at Fibonacci 161.8 level

advent5

I wouldn't advise buying against this larger retracement unless current structure breaks. For now, looking for candle confirmation of a short sell at around 84.90 as a short-term continuation play

advent5

Looking for candle confirmation for a sell at around .7310 Profit Target: .7240 Stop Loss: .7335 No signs of larger retracement from buyers yet.

advent5

Looking for a quick 15 pips before looking for more shorts. Need price to break current short term trend line and 50.0 fib level to hold longer shorts.

advent5 Updated 

Price closed above the Daily downtrend and expect a short term move to the upside. Will place initial targets on most recent resistance at .7375. After the pullback I will look to add more longs.