USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Forextradingzones
CADJPY Head and shoulders here is the CADJPY chart and as you can see we have a head and shoulders pattern forming on the daily and 4h timeframe after the third contact with the daily downtrend. How do we trade this? well what you can do is wait for sell pressure to come in now and enter at price action confirmation or you can trade the break of the neckline, what we are going to be doing is placing a sell stop below the neck line so when price makes its move we don't miss it as we trade a lot of markets. limit orders are a great tool to use if you are busy or got a full time job and should be used in your trading as not every time you will get an entry off an area of sensitivity.
#GBPUSD trading nearby the support area its potential for a rise#GBPUSD Price is trading nearby the Support Area zone waiting for any bullish candlestick formation and watch the next candle close the previous candle its will move to the next level resistance area
Why we like it:
Price Trading nearby in the support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1.38017
Next Zone area & horizontal swing Low support
1st Resistance
1.38807
Zone area & horizontal swing high resistance
#GOLD for 1HR support area to potential to BUY!!#GOLD Price is trading nearby the 1HR support Area zone and bullish harami candlestick formation its will move to the next level resistance area and its form the trendline once break the trendline the setup invalid
Why we like it:
moving to the next resistance area
bullish harami candlestick confirmation
trend line formed
1st support:
1678
Next Zone area & horizontal swing Low support
1st Resistance
1760
Zone area & horizontal swing high resistance
2nd Resistance
1784
Zone area & horizontal swing high resistance
#GBPCAD waiting for a breakout#GBPCAD Price is trading the box pattern once break out the box pattern it will go for the next level resistance and waiting for any bullish candlestick formation and watch the next candle close above the previous candle
Why we like it:
Price Trading box pattern
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1.73836
Next Zone area & horizontal swing Low support
2nd support:
1.73446
Next Zone area & horizontal swing Low support
1st Resistance
1.74791
Zone area & horizontal swing high resistance
#EURCAD waiting for a channel breakout#EURCAD Price is trading the channel once break out the channel it will go for the next level resistance and waiting for any bullish candlestick formation and watch the next candle close above the previous candle
Why we like it:
Price Trading the channel
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1.47383
Next Zone area & horizontal swing Low support
2nd support:
1.46913
Next Zone area & horizontal swing Low support
1st Resistance
1.48154
Zone area & horizontal swing high resistance
#EURUSD approaching Daily zone Area, the potential for a rise! #EURUSD Price is trading the day Support Area zone waiting for any bullish candlestick formation and box pattern formation in 1hr if you watch the next candle close the box pattern its will move to the next level resistance area
Why we like it:
Price Trading nearby in the day support area
box pattern formation waiting for break the box pattern
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1.17221
Next Zone area & horizontal swing Low support
2nd support:
1.17032
Next Zone area & horizontal swing Low support
1st Resistance
1.17994
Zone area & horizontal swing high resistance
#EURUSD approaching Daily zone Area, the potential for a rise! #EURUSD Price is trading the daily Support Area zone waiting for any bullish candlestick formation and watch the next candle close above the previous candle its will move to the next level resistance area
Why we like it:
Price Trading nearby in daily support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1.17228
Next Zone area & horizontal swing Low support
2nd support:
1.17032
Next Zone area & horizontal swing Low support
1st Resistance
1.17994
Zone area & horizontal swing high resistance
#GOLD for 1HR support area to potential to BUY!!#GOLD Price is trading nearby the 1HR support Area zone and bullish harami candlestick formation its will move to the next level resistance area
Why we like it:
moving to the next resistance area
bullish harami candlestick confirmation
1st support:
1678
Next Zone area & horizontal swing Low support
1st Resistance
1760
Zone area & horizontal swing high resistance
2nd Resistance
1784
Zone area & horizontal swing high resistance
#USDJPY is trading the resistance potential move for sell!#USDJPY is breakout the trend line so it's possible to move to the next level support area 109.877 and watch any bearish candlestick confirmation
Why we like it:
breakout the trend line
Waiting for the bearish candlestick confirmation
1st support:
109.877
Next Zone area & horizontal swing Low support
2nd support:
109.457
Next Zone area & horizontal swing Low support
1st Resistance
110.358
Zone area & horizontal swing high resistance
BUY EURNZD(300PIPS)Price still looks to be obeying the DAILY channel, price now at the bottom of the channel. Price showed bullish signs when an engulfing candlestick appeared. Would be looking to buy if all remains the same when the market opens. First target would be 1.69000 which is a significant area that could push the market further down.
#BTCUSD for nearby 1HR support area to potential to BUY!!#BTCUSD Price is trading nearby the 1HR support Area waiting for any bullish candlestick formation and watch the next candle close above the previous candle its will move to the next level resistance area
Why we like it:
Price Trading nearby in 1HR support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
39958
Next Zone area & horizontal swing Low support
2nd support:
38953
Next Zone area & horizontal swing Low support
1st Resistance
41300
Zone area & horizontal swing high resistance
2nd Resistance
42110
Zone area & horizontal swing high resistance
#GOLD for nearby 1HR support area to potential to BUY!!#GOLD Price is trading nearby the 1HR support Area zone waiting for any bullish candlestick formation and watch the next candle close above the previous candle its will move to the next level resistance area
Why we like it:
Price Trading nearby in 1HR support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1796
Next Zone area & horizontal swing Low support
2nd support:
1790
Next Zone area & horizontal swing Low support
1st Resistance
1804
Zone area & horizontal swing high resistance
2nd Resistance
1808
Zone area & horizontal swing high resistance
#EURCAD is trading 1HR support area to potential to Buy!#EURCAD Price is trading the 1HR Support Area zone waiting for any bullish candlestick formation and watch the next candle close above the previous candle its will move to the next level resistance area
Why we like it:
Price Trading nearby in 1HR support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1.47657
Next Zone area & horizontal swing Low support
2nd support:
1.47519
Next Zone area & horizontal swing Low support
1st Resistance
1.48154
Zone area & horizontal swing high resistance
#GBPJPY for nearby 1HR resistance area to potential to sell!#GBPJPY Price is trading nearby the 1HR resistance Area zone waiting for any bearish candlestick formation and watch the next candle close above the previous candle its will move to the next level support area
Why we like it:
Price Trading nearby in 1HR resistance area
moving to the next support area
waiting for bearish candlestick confirmation
1st support:
152.663
Next Zone area & horizontal swing Low support
2nd support:
152.220
Next Zone area & horizontal swing Low support
1st Resistance
153.150
Zone area & horizontal swing high resistance
2nd Resistance
153.455
Zone area & horizontal swing high resistance
#EURUSD for nearby 1HR support area to potential to Buy!#EURUSD Price is trading nearby the 1HR Support Area zone waiting for any bullish candlestick formation and watch the next candle close above the previous candle its will move to the next level resistance area
Why we like it:
Price Trading nearby in 1HR support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1.18095
Next Zone area & horizontal swing Low support
2nd support:
1.17926
Next Zone area & horizontal swing Low support
1st Resistance
1.18491
Zone area & horizontal swing high resistance
#GBPUSD waiting for the breakout#GBPUSD Price is trading the sideways market once break the sideway market will be possible to drop the next level support area. once the price comes with a support area and any bullish candlestick formed will go for the buy
Why we like it:
Price is trading to the sideways market
Waiting for the bullish candlestick confirmation
waiting for the support area to buy
1st support:
1.38294
Next Zone area & horizontal swing Low support
2nd support:
1.37926
Next Zone area & horizontal swing Low support
1st Resistance
1.39416
Zone area & horizontal swing high resistance
#USDJPY is breakout the resistance potential move for buy!#USDJPY is breakout the resistance so it's possible to move to the next level resistance area 110.080 and watch any bullish candlestick confirmation in the previous support area
Why we like it:
breakout the previous resistance area
Waiting for the bullish candlestick confirmation
1st support:
109.771
Next Zone area & horizontal swing Low support
2nd support:
109.457
Next Zone area & horizontal swing Low support
1st Resistance
110.080
Zone area & horizontal swing high resistance
#USDCAD for nearby 1HR support area to potential to Buy!#USDCAD Price is trading nearby the 1HR Support Area zone waiting for any bullish candlestick formation and watch the next candle close above the previous candle its will move to the next level resistance area
Why we like it:
Price Trading nearby in 1HR support area
moving to the next resistance area
waiting for bullish candlestick confirmation
1st support:
1.25012
Next Zone area & horizontal swing Low support
2nd support:
1.24702
Next Zone area & horizontal swing Low support
1st Resistance
1.25527
Zone area & horizontal swing high resistance
#EURUSD waiting for support area to buy!#EURUSD Price is trading the triangle pattern once breakout the triangle patten and candlestick close above it will move for buy-side otherwise it's closed below the triangle pattern it will go for the next level support area.. once the price comes with a support area and any bullish candlestick formed will go for the buy
Why we like it:
Price is trading to the triangle pattern
Waiting for the bullish candlestick confirmation
waiting for a breakout of the triangle pattern
1st support:
1.18168
Next Zone area & horizontal swing Low support
2nd support:
1.18002
Next Zone area & horizontal swing Low support
1st Resistance
1.18781
Zone area & horizontal swing high resistance