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AUDUSD 240 MINS TIMEFRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
2
BluetonaFX - SILVER Potential Double Top OpportunityHi Traders! There is a potential double top pattern forming on the Silver 4H chart. This depends on the very important level on the chart, which is 23.091. Originally, we had a price rejection at 23.091, which we marked on the chart. The price rejection formed a price channel to the downside; there was then a break of this channel in an attempt to re-test 23.091, and we have found resistance again near this level. If 23.091 holds again, the chart pattern will become a double top pattern, which is bearish. If there is a momentum break and a close above 23.091, the potential double top will be broken, and then there are long-term levels to the upside. We have a calculated long-term Vector level of 24.205. There are opportunities for possible entries near 23.091, or another option is to wait either for a confirmation sign of a breakout or a reversal. There are great risk-reward opportunities for both options. Please remember to like, comment, and follow us, as your support greatly helps us. Thank you for your support. BluetonaFX 
TVC:SILVER
by BluetonaFX
2
BluetonaFX - GBPUSD Bear Flag Opportunity Hi Traders! There is a bear flag opportunity here on the GBPUSD 1H chart. After the bear momentum swing down (flag pole), we are now in a consolidation period (flag channel), and in a consolidation period, the market decides to either continue the trend or reverse the trend. The price action on this setup suggests to us that the market wants to continue the trend. To get this, though, we need a confirmation sign. We must break and close below the channel; the key price level that must be broken is 1.26066. If 1.26066 breaks, then we will look to target and push below 1.26000. If we do not get a break and close below the 1.26066 level, then the flag setup will fail, the trend will most likely reverse, and we will look for buying opportunities instead. Please remember to like, comment, and follow us, as your support greatly helps us. BluetonaFX
by BluetonaFX
4
USDCAD 30 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Long
by Tradelikemee
4
USDCAD 60 MINS TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Long
by Tradelikemee
AUDUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
Types of market days that every trader should be aware of! Hello traders, today we will talk about Types of market days Some crucial aspects significantly influence technical analysis. The type of the market day is one of those crucial elements. Any trader who is actively trading in stocks, indices, cryptocurrencies, forex, derivatives, etc. may gain an advantage by properly analysing the type of market day. Today, we'll talk about "6 different types of days" that could occur in the market. Please be aware that the six days differ greatly from one another. These patterns are not inviolate, thus they should only be used as a general indicator rather than a precise one for any given trade. Types of market days: # Trend day # Double distribution trend day # Typical day # Expanded typical day # Trading range day # Sideways day #Trend Day The 'Trend day' is typically a volatile trading day with a definite bullish or negative momentum. On a day with a positive trend, the beginning candle typically represents the day's bottom, and the market subsequently slowly rises throughout the day. The day's high is typically marked by the opening candle on days with a negative trend, and the market then progressively decreases during the day. Typically, a quiet day with range-bound movements comes before the trend day. Gives the possibility of a significant reward if correctly identified. Rarely, perhaps only a few times every month, do such trending days occur. #Double distribution trend day The 'Double distribution trend day' is a slightly complicated but incredibly effective strategy for executing aggressive trades. Because of this, institutions and experienced traders make extensive use of this method. It is typically distinguished by being undecided at the start of the session. On a day like this, the market first moves in a narrow range. An initial balance is another name for it. The reference points are the initial balance high (IBH) and initial balance low (IBL). The day of the Double Distribution trend is quiet to start. The price eventually moves away from this range and tends in the direction of a new value, driven by buyers or sellers. When the market's momentum has subsided, another range-bound movement develops.Due to the fact that the majority of trading activity takes place at either extreme, this is where the phrase "Double Distribution trend day" originates. Wide initial balances are more difficult to break than narrow initial balances. #Typical Day It is distinguished by a significant rise or fall at the start of the trading day. It might be a reaction to any significant macroeconomic news. Then, by adopting opposing positions, the market participants drive the price back in the opposite direction. The market simply trades within the range it generated earlier in the trading session when a broad range was formed in a relatively short period of time. #Expanded Typical Day It resembles that of the 'Typical Day' that was previously addressed. The beginning balance is not as large as on a "Typical Day," but the early price fluctuation is less erratic. This gives market participants the chance to break this constrained range. When this range is violated, either by an increase in selling pressure or purchasing pressure, the market then moves strongly in that direction. The initial balance in this situation is greater than on a Double Distribution Trend Day but less than on a "Typical Day." #Trading Range Day Prices are being deliberately pushed up and down by buyers and sellers. Buyers and sellers who are responsive will try to enter at the extremes, driving prices back to the starting position. This kind of day offers both sides fantastic trading opportunities. #Sideways Day A "Sideways day" is one in which there is little movement in the price. As neither party makes any bold directional trades today, it is somewhat of a day of indecision for both parties. Option sellers typically enjoy trading on days like this since they can profit from time decay due to the non-directional, subdued action. Although the Trading Range Day and the Sideways may appear to be identical, they differ greatly from one another. On a "Trading Range Day," both buyers and sellers are quite prevalent; however, this is not the case on a "Sideways Day." Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
6
BluetonaFX - USDJPY 144 Barrier BrokenHi Traders! USDJPY has now broken the 144.000 barrier, and the momentum does not look like it is slowing down. Our long-term bullish outlook on this pair has worked just as we anticipated, and we look forward to heading towards our new calculated vector level at 145.902. Since the break above the triangle last month (shown on the chart), the bullish momentum has been very aggressive. The price action on the chart indicates bullish aggression, as there is a lack of bearish resistance every time a resistance level is approached. The market is rapidly pushing towards the 145.902 vector level, and if that breaks, the Apex level is at 151.946. This is a big level because, apart from the recent October 2022 bull rally, the market has only been at this level a handful of times in more than 30 years. Please remember to like, comment, and follow us, as your support greatly helps us. Thank you for your support. BluetonaFX
by BluetonaFX
4
240 MINS TIME FRAME - RAYMOND STOCKThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:RAYMONDShort
by Tradelikemee
Sell GBPCHF Head and Shoulders PatternI have posted about this in my previous idea on 22nd of June saying there is a Head and Shoulders pattern on the 4H timeframe. Now price is breaking the neckline to complete the head and shoulders formation. Now is the time to sell at the close of the current candle.We also have RSI divergence giving extra confluence. I believe we don't need this large stop loss that I have said in my previous idea (which was 1.14444) but instead a tighter stop might be better and make more sense of the current long bearish candle. Trade Setup: Entry - At the close of the current candle Stop Loss - 1.14124 Take Profit - 1.11679 Good Luck and happy trading.
Short
by fayezhazzem
GBPCHF - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
GBPCAD - DAILY CHART TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
by Tradelikemee
📈 How to: Bullish Rectangle PatternThe rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle. 📍Understanding the Bullish Rectangle Candlestick Pattern The bullish rectangle candlestick pattern is a chart formation that appears during an uptrend when prices temporarily pause before resuming their upward movement. It represents a period of temporary equilibrium as the price moves sideways. When the price breaks out above the upper resistance level, the pattern is considered valid, and it generates a buy signal. Bullish rectangle patterns are a type of classical chart pattern that indicate a period of indecision between buyers and sellers. They are common and powerful patterns used in breakout trading. On the other hand, the bearish rectangle pattern is the opposite version of the bullish rectangle pattern and follows the same formation and rules but occurs during a bearish market trend. 💥Key Takeaways: 🔹 The rectangle pattern signifies a lack of trend as the price fluctuates between horizontal support and resistance levels. 🔹 Traders have different approaches to trading rectangles: 🔹 Some choose to trade within the rectangle, buying near the bottom and selling or shorting near the top. 🔹 Others prefer to wait for breakouts, which occur when the price moves out of the rectangle. 🔹 The rectangle pattern concludes with a breakout, marking the end of the price's sideways movement between support and resistance levels. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
5‌ ‌Best‌ Crypto‌ ‌Scalp‌ing ‌Trading‌ ‌Strategies‌Cryptocurrencies are known for their volatility. While that may put some traders off, it creates many potentially lucrative scalping opportunities for those with significant experience and who can react quickly. In this article, we’ll explore five top crypto scalping strategies and help you learn how to scalp crypto effectively with a simple framework. What Does Scalping Mean in Crypto? As in any other financial market, in cryptocurrency trading, scalping refers to a type of trading where traders aim to profit from short-term market movements. This approach involves entering and exiting trades within minutes, or even seconds, aiming to capitalise on small fluctuations in price. Scalpers typically use high leverage and execute many trades to accumulate small profits over time. The objective is to make seemingly insignificant gains that add up rather than seeking larger, less frequent returns. Scalping is particularly popular in crypto trading, as digital assets are inherently volatile and experience extreme daily price changes. How Easy is Scalping in the Cryptocurrency Market? Compared to longer-term trading styles like swing or position trading, scalping requires more discipline, stronger risk management skills, and a solid understanding of market mechanics. As such, scalping is a more advanced technique and can be considered more complex than other styles. However, through practice, scalping crypto can become easier. What Is the Best Time to Scalp Crypto? While crypto markets are open 24/7, volumes often pick up during regular trading hours for other markets. Generally, the London and New York sessions, particularly their overlaps, are the most active, with plenty of volume and volatility for scalpers to take advantage of. In terms of timeframes, scalping is usually done on the 1, 2, or 3-minute charts. 5-minute and 15-minute charts are often used to help set a directional bias. Pros and Cons of Scalp Trading Cryptocurrency Scalp trading in the cryptocurrency market has its advantages and disadvantages. Let’s examine some of the most notable pros and cons. Pros: - Frequent Opportunities: The volatility of crypto can present more scalping opportunities compared with other assets, boosting the potential profits a scalper can make. - Lower Risk: The frequent in-out nature of scalping means that scalpers have less exposure to adverse market events, like regulatory changes or macroeconomic events. - Psychologically Easier: For some traders, scalping is preferable since it allows them to bank small profits. This can be easier psychologically since there’s no anxious wait to see if a trade hits a longer-term target. Cons: - Risk of Significant Losses: As mentioned, scalping requires discipline. Given the need for high leverage, poor risk management can wipe out a scalper’s account within a few trades if they aren’t strict with their strategy. - Time-Consuming: Scalping requires constant monitoring of the market, which can be both time and energy-consuming. The ongoing need for quick decision-making may also be particularly draining for some traders. High Costs: The fees associated with frequent trading, like spreads and transaction costs, can eat into profits. 5 Cryptocurrency Scalping Strategies Let’s dive into particular strategies. Range Trading Range trading is a popular strategy among crypto scalers. It involves identifying a specific consolidation range that an asset is likely to fluctuate within. Scalpers aim to buy at the lower end of the range (support) and sell at the upper bound (resistance). To get started with range trading, traders first need to identify a ranging market on a low timeframe, like the 1 or 5-minute charts. Then, support and resistance levels near the highs and lows of the range are identified. These levels then serve as entry and exit points, with a trader entering at support looking to exit at resistance and vice versa. Some will look for reversal candlestick patterns, like hammers or shooting stars, at support or resistance, respectively, before entering with a market order. Others will simply set limit orders at their chosen entry point. Stop losses are typically placed beyond the range’s high or low, depending on the direction of trade. Scalpers usually use a 1:1 risk/reward ratio or don’t place stop-loss orders, but the latter is a highly risky approach. Breakout Trading Breakouts occur when a level of support/resistance is broken through, often indicating the start or continuation of a trend. There are several ways you can take advantage of breakouts, but it’s not uncommon for a false breakout to occur. We can use a filter to increase our chances of success. To start, we need to identify a support or resistance level. The easiest way is to look for relatively equal highs or lows forming, like in the chart above. When the level is broken with a strong impulsive move, we can enter on the close of the breakout candle. However, if the move isn’t particularly strong, like at a) and b), then we could wait for a pullback. Traders can place a stop order to enter as the pullback itself breaks out, as marked by the dotted lines. Profits can be taken at an opposing support or resistance level. However, some scalpers may prefer to attempt to ride the trend and trail their stop loss above or below swing points as the move progresses. Similarly, stop losses can be placed above or below the nearest swing points. Chart Patterns Chart patterns can be a powerful tool for scalping, helping traders to identify potential trend continuations and reversals. While there are many different chart patterns out there, it’s best to stick to just one or two to avoid confusion, at least until you master their use. We’ll use rising and falling wedges in this example, as they often lead to strong moves. There are two ways to enter: either on the breakout or on the retest of the broken trendline. As you can see in the example, entering retests might be a more accurate method, but it’ll mean you miss out on some trades. Conversely, entering on the breakout is riskier, as it could just as easily be a false breakout. Your profit target and stop loss will depend on the pattern you’re using. Given that wedges typically prompt a prolonged trend, you could look for significant areas of support/resistance to start taking profits. For a more conservative approach, you might take profit at the most extreme point of the pattern. Likewise, stop losses can be set at the most extreme opposing point. For example, you may set a profit target at the high of a bullish wedge and a stop loss beneath its low. Using the Relative Strength Index and Bollinger Bands Some scalpers rely heavily on technical indicators to help them determine entries and exits. One popular combination is the relative strength index (RSI) and Bollinger Bands. Relative Strength Index (RSI): The RSI measures the strength of price movements and can be used to identify overbought/oversold conditions and divergences. RSI can be particularly valuable for pinpointing short-term reversals. Bollinger Bands: Bollinger Bands help traders identify periods of high or low volatility and potential price reversals using standard deviations. Scalpers often look to short when price reaches the upper band and go long when it touches the lower band. When RSI crosses 70, indicating overbought conditions, or below 30, showing the asset is oversold, traders can look to confirm a reversal entry with Bollinger Bands. If an asset is overbought and crosses above the upper band, a short position can be considered. If the asset is oversold and price breaches the lower band, a long position could be entered. As for exit conditions, some scalpers may prefer to take profits at the midpoint of the Bollinger Bands or the opposing band. Others take profit when RSI crosses above or below 50, depending on the direction of trade. In terms of stop losses, above or below a nearby area of support or resistance is often suitable. Alternatively, you could choose a set distance for each trade. At FXOpen, we offer both of these indicators in our free TickTrader platform. There, you’ll also discover a whole host of additional indicators and tools ready to help you navigate the markets with confidence. Bid-Ask Spread The bid-ask spread refers to the gap between the maximum price a buyer can offer (bid) and the minimum price a seller can accept (ask) for a specific asset. Scalpers can take advantage of the bid-ask spread to generate quick profits. When spreads are wide, traders place buy orders and sell orders simultaneously. They buy at the bid price and sell at the ask price, capturing the spread as profit. This strategy can be particularly effective in less liquid cryptocurrencies where spreads are naturally wider. How to Create a Scalping Crypto Strategy Now, it’s time to create your own scalping trading strategy for crypto! While your strategy will ultimately be unique to you and your preferences, you can try these steps to begin developing a system. 1. Choose a Timeframe: Select a short timeframe that suits your trading style, such as 1-, 3-, or 5-minute, to base your trades on. Try to balance choosing one that allows you to capitalise on short-term movements while giving you enough time to think through your decisions. 2. Identify Support and Resistance Levels: Use trendlines and horizontal levels to pinpoint potential entry and exit points. You can also look for psychological or dynamic levels if desired. Set a rule that you’ll only enter and exit at these levels to avoid impulsive decision-making. 3. Employ Indicators: Use indicators like moving averages, RSI and Bollinger Bands to confirm your entries and exits. You can set specific criteria to help filter out potential losing trades, like only trading a resistance level when RSI is overbought. 4. Develop a Risk Management Plan: Risk management is almost as important as your strategy itself. Use stop-loss orders, limit orders, and proper position sizing to manage potential losses and protect your capital. Set defined loss limits and rules for avoiding emotional decision-making. 5. Test and Refine: Continuously backtest and optimise your strategy using past price action, and make adjustments as needed to improve its performance. It’s a good idea to keep a trading journal to record your trades and analyse your decision-making process. Ready to Put Your Strategy to Work? Of course, these steps aren’t exclusive to the crypto market. While scalping crypto may be preferable for some traders, you can also apply a similar strategy to the forex, commodities, and stock markets – you may just need to adjust it slightly to suit these markets. Once you feel ready to deploy your strategy for real, you can open an FXOpen account to gain access to dozens of tradable assets in our advanced TickTrader platform. Or, if you want to practise before putting capital on the table, we also offer a free demo account that simulates live trading conditions. Happy trading! *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
BINANCEUS:BTCUSDEducation
by FXOpen
4
Perfect storm breakout Several favorable factors indicate trend has changed. We had bounce off the 50 MA (Monthly). We set a higher low pivot. We had a breakout over a trendline from a cup and handle pattern. A BAM signal triggered on Jan 12th (bullish signal with excellent record). What more do you want? I am hoping for a pullback to the .38 Fibonacci line...but may need to settle for .23. Market may make it hard to get a good position. When the train leaves the station it doesn't back up to let late-comers get aboard. Many people clamoring this is a fake breakout. It may be...but price action is screaming we are going up for awhile. Use stops or keep close eye on market.
AMEX:SPYLong
by bluespark96
BluetonaFX - GBPUSD Triangle OpportunityHi Traders! There is a descending triangle setup here on the GBPUSD 1H chart. This is a bearish setup, with the recent price action showing lower highs and lower lows. The support of the triangle is at 1.28038, and we are looking for a break and a close below 1.28038. If we get this, then we are looking for a target at 1.27814, and below this, there is another target at 1.27678. If we fail to break to the downside, then there are also opportunities to the upside. There was a previous price rejection at 1.28486, so the market might possibly target this level as a resistance test.  Please like, comment, and follow to support us, we greatly appreciate it. Thank you for your support. BluetonaFX 
by BluetonaFX
2
BluetonaFX - USDJPY Range Zone Opportunity Hi Traders! There is a range zone setup on the USDJPY 1H chart. From looking at the price action, it looks bullish, and we are close to a breakout. There is resistance at 141.973 and support at 141.442. We are looking for a resistance break above the zone to target the psychological 142 barrier. If there is a break of the 142 barrier, then we have further levels to the upside, we have a long-term vector level at 142.255 (PLEASE SEE LINK BELOW). If we fail to break the range zone, we are likely to stay in the range zone, so there will be opportunities to just trade the range. Please like, comment and follow to support us; we greatly appreciate it. Thank you for your support. BluetonaFX 
by BluetonaFX
2
BluetonaFX - AUDUSD Triangle PatternHi Traders! There is a long-term symmetrical triangle pattern here on the AUDUSD monthly chart. With symmetrical triangles, breakouts could happen on either side. That being said, from looking at the recent price action along with recent fundamental events that have taken place over the past couple of days, there is a long-term bullish bias to this setup. In the triangle, there is a range level (shown on the chart) of 0.71578 resistance and 0.64583 support. We are looking for a break and a close above 0.71578 to target the psychological 0.75000 barrier. If we fail to break to the upside, then a break and close below 0.64583 will give us opportunities for short positions on the downside to target the 0.60000 psychological barrier. We will continue to monitor this triangle pattern and will inform you of any key updates. While we do this, we will also give you trade ideas on the shorter time frames on this pair as soon as we spot any. Please remember to like, comment and follow to support us; we greatly appreciate it. Thank you for your support. BluetonaFX 
by BluetonaFX
4