Continuation
Continuation Level EURJPY 27/07/18For the long terms, the EURJPY tends to reach 132.80.
After the current retracement, I'll look for buy position in order
To continue the bullish momentum, below there are 2 demand levels
Which can be a great continuation level for buy position, I'll buy at the
Demand below and if the price will break that one I'll buy again at the
Bottom one.
EUR/JPY Pullback with PinbarWe can see here on the daily that the EUR/JPY pair is looking at a nice set up for a continuation of it's recent break-out.
After forming something of a bottom it has broken out above previous resistance then pulled back making it new support.
We also have a lovely text book Pinbar candle that's wick crosses over the previous resistance (now support). This tells us that the new support is quite strong and there is more buying on the horizon.
Full disclosure, I am waiting for a stronger signal on the 1 hour to get an entry. I would like to see the 1 hour chart start to break-out again from here.
The RSI is also starting to trend up showing more strength to our bullish bias.
I am bullish on this but I am waiting for more confirmation before I pull the trigger.
I'm not a pro and I'm not suggesting you buy or sell. Just sharing my observations and making myself accountable!
Enjoy and trade smart!
JWB
BTC - CarefulWedge has been broken, H&S seemed to call for the reversal of trend, however, this looks to be nothing but a retest before downwards continuation.
USDCAD - H&S patternWe already success our previous trade with 2.618 strategy, now its forming a H&S pattern.
Next trade options :
- Aggresive : Buy Now
- Not Aggresive : Buy when price break the H&S resistance
Im currently using the Aggresive setting, and probably adding position when break the resistance.
Please consider your trading strategy and risk management to trade.
Comment to let me know your thought.
Thanks
Copper: Add-On Trade for Bearish Continuation WavePrevious position has been brought to breakeven. This set-up is actually based on the 5M chart so I will be active in managing this, but it is in line with all of my thoughts and provides a great reward:risk.
Yen: Trade for Continuation of Bearish Impulse on 15M4H AO has not crossed yet so this is a shorter term trade...here we can see a three wave correction with divergence and a double top on the last wave. My first target is the previous low. I will update at breakeven and when close to the target.
BTCUSD Triangle dip then breakoutI like triangles. I think they are a simple tool that shows support/resistances and active trend. On that not i think we get an entry on the date range marked and another break upward if the bull run is to continue with the same momentum or more.
Copper: Trade for Bearish Continuation of 1H Bearish Impulse 4H AO cross has not happened yet and there is bar divergence on that time frame so this must be kept in mind. I will be looking to move to breakeven quickly and perhaps even take profit at the target but that has not been decided yet. The overall trend is bearish but this may be a short term trade before the larger correction and final 4H continuation trade. Stay patient.
BNB falling wedge continuation After my last prediction on BNB, I figure that this might be a bit of a stretch but I will call it anyway.
Looks like the falling wedge target is at 0.003, overly ambitious? ...Most likely.
Instead I am going to call it as a double top at 0.00255
