Forex_signals
In this chart we're taking a look into the 4Hrs chart of EURJPY.My first trade idea on EURJPY didn't workout as I had anticipated, So I didn't enter the trade because it didn't present entry setups that I normally look for.
Now we can see the structure that is in a drop phase with a pullback to the level which was previously a liquidity level. Now what I am expecting here is for price to go around that level to confirm and collect orders that are left hanging around that area. The structure has been broken a couple of times to the down side, leaving us with an Institutional Trap Zone which gives out an idea of what the possibilities of where price might be going from here on. Remember this is just a trade idea and should I decide that I'm going to participate on this trade idea I will use proper risk management and wait for a proper confirmation structure
GBPCHFUpdate the movement of the GBPCHF pair, after adopting the drop with the opening of the market and its inability to break the resistance area, and accordingly we expect that if the pair continues and closes below the support, it will continue the decline to the next support for it about the levels specified in the analysis
GBPCHF Yesterday, we expected the pair to drop from the 1.23585 price level
Indeed, the pair took the downward movement and achieved all the objectives of our analysis to make profits
270 points
Therefore, we expect today, if the pair breaks the support area, it will continue the decline until 1.19460
In the event of its stability above the resistance level of 1.21494
It will rebound to rise again to target the same previous support and resistance levels