CADJPY 1h Bullish off 1h Support TrendlineDepending on how markets open, CADJPY may be set up for along position to buy as shown by the order above.
1h
GBPUSD 1h Perspective on Symmetrical TriangleThis is simply my view on this pair with no bias, as no breakout has formed yet. (One that I can see at least).
So, with my Neutral view;
I would go long if the triangle resistance is broken, and short if the triangle support is broken.
It is unwise to buy and sell within the triangle at this point, as I have learned with CADJPY last week.
- Price has reached the apex, or tip of the triangle, and it will likely break out very clearly, sometimes soon after Tokyo open on Sunday.
USDCHF 1h Possible Long off Support TrendlineI bought this pair last week in the green circle and closed in profit in the blue one even when most people thought the USDollar Index, DXY, was going to fall even more. I even had doubts when the pair retraced back to the trendline, but I held. It just goes to show to trust you analysis and not let your emotions influence you.
At the moment I am looking at another trendline bounce as price roughly follows the arrows, and i buy once more in the green circle. Target is blue circle.
USDJPY - Possible breakoutLong at breakout. Bullish div on RSI,
trade at your own risk (i am not liable for your losses)
Happy trading!
EURJPY Long off Broken Resistance TrendlnieYen has been really weak, and xxxJPY pairs have been rising after bottoming out this past week.
This is a buy market order.
GBPCAD Zoomed in ShortOn the 1h chart, we can see the main resistance trendline, and the 1h support trendline.
Price has been rejected off the area below and around the black resistance TL several times, soon it will be going down.
USDCHF LongForgot to post this when I took the trade lol, you can still take it and adjust your risk to reward.
AudCad Cypher formation 1HThere is a possible cypher formation on the 1H chart,
If it's complete we will open 2 positions.
Tp1 : 38.2%
Tp2: 61.8%
If we hit the first target the stoploss will move to breakeven!
Good trading!
NZDCAD 1h Short IdeaAt the top of the uptrend, we have a triangle/flag whatever you want to call it, that has formed and is now converging.
Most likely the move is downwards, and we have NZD rate decision in 50 minutes, so that will have a huge impact even if the news stays the same (which the rate likely will).
This is my Risk to Reward Ratio.
GBPUSD 1h ShortShort off a rejection from a previous level of resistance/support.
Almost a 1:2 risk:reward ratio
Potential Gaetley Pattern - Bullish on USD/CHF 1HB point at a little more than a 61.8 and C at 61.8 of AB. 1.272 extentionfrom BC and AB=CD 1.0.
Strong support area, please refer to the Deep Crab pattern.
AUDNZD Short UpdateEarlier I said price would retest resistance TL, and it may, but watch for just a straight out drop from here on out if it hits where the green line is.
EURJPY Symmetrical TriangleNot sure which way it's going yet, so I won't be guessing.
Buy and Sell orders placed in case price goes in either direction.
USDCAD 1h Textbook Triple BottomI believe a triple bottom is forming on this pair, with each bottom being a higher low, indicating the end of bearish pressure and momentum.
(Note: the higher lows are indicative of an emerging bullish pressure due to sellers being unable to push price down below the last low)
Triple top and bottoms are known as reversal formations, when the market is getting ready to reverse from one trend, into another.
The third bottom has not yet fully formed.
The resistance neckline for this structure is the resistance TL in purple.
To trade this, I am waiting for price to approximately follow the arrows, with a target of slightly below 1.3160, and a stop loss of slightly below 1.3000, as it is a round number and therefore an important psychological zone.
CADJPY 1h Symmetrical Triangle(Wow there's a lot of these this week)
Same as always, resistance TL breakout results in a long position to the next significant resistance
Support TL breakout results in a short position to the next significant support.
