imurphyp

imurphyp

As shown on the chart, price has come up to a support level which reversed the first time it tested this Level. Next we can see the Divergence if we look at the red trend line on both the Price chart and RSI indicator. lastly the long wicked candle prior to this was an extra confirmation of the probability of the trade. Always use the proper RISK MANAGEMENT for...

imurphyp

My bias is to the short side with this trade. There's news coming up soon so you might want to wait for that before place a trade if your a conservative trader. if your a risky trader like me, you might want to place the trade anytime from this moment. Reason for trade: As shown on the chart every time price has reached that area of support or resistance price...

imurphyp

Short. Ideas on chart. short

imurphyp

Trendline break on lower time frame. price bouncing off recent support. candlestick price confirmation. RSI touching the 30 level.

imurphyp

USD/JPY buy to the 0.618 fib level. technical reasons displayed on the chart

imurphyp

as always looking for confluences. confluence is key in trading. highlighted key things on the chart. as you can there is a head and shoulders pattern forming. stochastic about to cross. fib retracement. trendline break and re-test

imurphyp

Head and Shoulders Pattern shown. lows broken. and upwards trend line broken. We have 3 confluences here.

imurphyp

Resistance at the yellow horizontal line. the retracement is at a 0.618 on Fib. Trend line sloping downwards. down trend on higher time frame. stochastic crossover above 80. confluence of multiple signals to the downside

imurphyp

This idea is solely based on technicals. no fundamentals is considered on this analysis but I would recommend looking into fundamentals before taking a trade. As you can see we have a reverse divergence on the 15 mins chart. If you look at price on the chart it has made two peak lower lows but the indicator is showing different. With that being said you can see...