EURJPY Uptrend If Breaks❤️MY FOREX TEAM❤️
INFORMATION
EURJPY if it broke and close above the key. The growth may continues
Resistance - 163.44
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❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
FOMC MINUTES make changes to current trend
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
Breakresistance
JNJ Formed a nice Double Bottom patternHi everyone,
$JNJ formed a nice Double Bottom pattern on Daily timeframe . The price hit twice the strong support formed at around 155 price level.
It recently broke the resistance level at 167 and now it is ready to test it again as a support level.
If tested successfully it offers a really nice buy setup.
If you like the idea, do not forget to support with a like and follow.
* 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲 𝗮𝗻𝗱 𝗶𝘀 𝗳𝗼𝗿 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝗼𝗻𝗹𝘆! 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
#Banknifty - Relief soon Looking at the charts we are trading inside a descending triangle, after the dump, we had this could also be a continuation to lower levels but i see a relief rally coming soon in markets. a final pump before another major crash.
one more thing noting here is this possible H&S in the making, there is a low chance of this working out as we are at the BOTTOM not the top still unless we break the red resistance line this will be valid
Consolidating in ascending channel: Potential BreakoutCOINBASE:ETHUSD
After a $192 to $250 price movement. Price had 78.6% retracement and has then formed a Hidden Bullish RSI Divergence.
Price started moving up and consolidating forming an ascending channel.
Further consolidation could be expected before breaking out of the channel.
Target: $275
USDJPY Catch this strong trend to make some $$$ Long Setup H4The price is breaking a flag pattern, break of restistance in this strong uptrend would be additional confirmation for us. So enter right away or wait for pull back if you are more conservative... Remember, you need to monitor candlestick patterns because it could be triple top as well and then it's going to be an end of trend.
Entry price - 112.450
TP - 113.450 (100 pips)
SL - 112.000 (45 pips)
Good ratio, so best of luck!!
Long LPL on Bullish Price ActionIt's been a while since I've published an idea, but that hasn't worried me. I'm not in the game of trading just to trade. I'm in the game of making as much money as possible. If a move isn't attractive to me, I won't bother making it just for the sake of trading. Most of my recent research has been in foreign markets such as Russia, South Korea, and Vietnam, and a blog post will be up soon about that. In the mean time, let's look at LPL.
LPL's price action is golden, after lower high and higher lows, LPL's chart came into a consolidating triangle pattern and has since broken out on the weekly charts in a bullish manner. I took a position in LPL right when the price action broke the triangle, and risked 1% of my capital. I put my stop below the other end of the triangle which would signal a reversal in the price action and an incorrect thesis on my part.
Trading at 7 times earnings, and 11% discount to book value, LPL has the fundamentals to run, and being in South Korea, an economy that has bullish indicators, I like this play.
As always, shoot holes in this if you want.
All the best,
RC