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...
Currently seeing the price play out a BEARISH ABCD pattern and we now have a chance to enter SHORT to trade the D leg Good luck and trade safe
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USDCAD has been on an aggresive Bearish run of recent times. We will be looking to re enter SHORTS around 1.25000 to 1.25500 region Trade Safe
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 Potential LONG...
Looking to SELL AUDUSD @ 0.76700. Excellant R:R Please use this idea along side your own analysis
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...
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...
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 Good Luck
Price has been forming Higher Lows and Higher Highs since 0.73300 where the price found Support during May. We are currently at a confluence level where we may see Bulls enter the fray. Happy Trading
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...
We have one position open on this pair: Long @ 1.12200 TP @ 1.14450 SL @ 1.11600 1:2 Risk to Reward Reasons for entry are noted on the post Happy Trading!
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 TP: 1.22500 SL:...
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...
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...
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