EURUSD completed retracement and has rallied back up to retest the high...with a close above the high and conformation this looks like a good long trade up to target # 2. Just my idea. Plan your trade and trade your plan.
USDJPY long bounce play coming up on the 4 hour chart. This setup will likely start off with London and carry through to the US session. I am expecting price to continue to drip down lower (price action is still 63 pips from the bottom of the channel) until we get a good solid bullish rejection just in time for the London session. Price has been trapped between...
For you pattern traders...she has already hit target #1. Looking for #2 and then on to possible extended targets! Just my view on things if it does not meet your setup then do not trade it and as always please trade with caution and good luck to you guys!
GJ is running a little behind UJ but the London open should help this...
Same setup as the USDJPY, looks like the standard 38.2 fib short term trader taking profits aka scalpers and day traders in Asia. Might have a little more retracement possible down to the 50 but should be looking for an upside target in the neighborhood of 141.167. This is just my idea so always trade your plan and trade with caution. Good luck all!
I think we are looking at the typical short term traders profit taking level (the 38.2% fib retracement) then it should be up from there...I have it projected to 113.377 but well see. As always good luck guys and this is just my idea so follow your plan and trade with caution!
GBPJPY Short scalp setup. GBPJPY has retraced twice now and hit the 38.2% fib target. 142.500 and above would make for a great sell scalping setup. Should be looking for a 150 -160 pip target range before bounce back off of support #1. Always follow your trading plan and trade with care. Roll over you big bear and give me them guts! LOL