USDJPY MARKET STRUCTURE ON MONTHLY TIMEFRAMEMARKET STRUCTURE FOR YOU GUYS!
HOPE IT MAY HELP YOU, ONLY FOR EDUCATIONAL PURPOSES!
Forextradingzones
LONG OPPORTUNITY IN USD/JPYReasons-
1) Rejection from the lower trendline.
2) Bears are expected to book profits here and bulls are expected to open new long positions here.
3) Stop hunting has been witnessed on the H4 and H1 timeframe.
4) Double bottom chart pattern.
5) Good RRR
6) Slope of shorter period exponential moving averages have changed the course from downward sloping to sideways.
Kindly trade at your own risk.
Good Luck ^_^
EURJPY Can we anticipate moves like that?Hi trades,
Can we see a bigger correction before price pushing higher? Medium term sell setups and long term will be buy.
SHORT SELL OPPORTUNITY IN GBP/AUDREASONS-
1) Daily & weekly trend down as per 200 ema and ichimoku.
2) Upper trendline likely to act as resistance and many traders will book profits there and many will open short positions there.
3) Many newbies are likely to enter after seeing a upside breakout hence fueling the sell orders when they get stopped out.
4) We could have entered on the horizontal resistance but it's so obvious that stop hunting may occur.
Kindly trade at your own risk.
Good Luck ^_^
What a clean trade This pair broke beautifully out of this setup
Next candle retested and succeeded, giving safer entry point
Broke to upside hit resistance, like most FX trades do, they swing back and take stops that have been moved to trailing stops
Then they accelerate upwards again!
Looking for more clean setups right now...
If you are in this trade, my take profits would be the levels highlighted by the darker blue dashed lines
Gbpusd Analysis shortEveryone can see my yesterday analysis gbpusd. And today new updates.... looking for short Analysis...... OANDA:GBPUSD
EURUSD long eurusd long or buy
stop : 1.21492
take profit : 1.22076
if you using trailing stop use this 120
US IndexAs I told before, the number of US index is falling very strong and in some weeks later I believe that it will touch the support zone, which created by the last HL in 2018 and changing zone in 2010.
Because of Corona virus and economical issue I believe that if price can not break the support, it will do a time retracement.
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EURUSD - Forecast EURUSD for weeks ranging between 1.1600-1.18965 with very strong strength of bullish trend. Next week, the up movement will likely continue with target 1.24155-1.25410.
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I also give market commentary weekly. The newest update market commentary for period 21-24 Dec 2020 can be read below
www.elitemeetvalue.com
🇺🇸 🇯🇵Explained in chart.
( Personally first i’d let it go bellow the orange rectangle and when going back up, buy. Use SL )
Use small lot size cuz it’s an counter trend trade and risky.
( A low probability trade but real small risk and big big r/r )
GBPUSD FOR short GBPUSD its for short or sell and as i said everyday when you are 50% of gain take 50% of the deal and let the rest to run
have nice day
cheer
NZDUSD BULLISH ENGULFING PATTERNNZDUSD bullish continuation.
Price action on NZDUSD has been wonderful lately, price has been creating a bullish trend from a support level at 0.70620 but gave a low price move at 0.70592. From the support, price action created a bullish engulfing pattern from 0.70617 after the retest. Bullish swing highs created after failing to break it's previous higher lows at 0.70823 and 0.70974.
My forecast on this pair.
If price action fails to break it's previous low at 0.70974 and breaks a minor resistance price action at 0.71200, A bullish trend is created.
Minor resistance price action for short term trades
0.71294
0.71347
0.71423
0.71491
0.71619
0.71642
0.71778.
Major resistance price action.
0.71802.
If you want to take a long position on the pair NZDUSD. You can open your trade positions around 0.71200 and ride along to 0.71802. This may take weeks.
For short term.
Look to open around 0.71200 and follow the minor resistance price action.
For More Chart Forecast Contact RSTradeView Page On Facebook.
GBUSDLets have a closer look to longer time frame of GBPUSD.
Now its fighting with powerful resistance in the forbidden area. Do nothing,is the best advise in this chart until a obvious trigger for long and short.
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EURUSD SHORTEURUSD SHORT
STOP LOSS : 1.21901
TAKE PROFIT : 1.21243
AND AS I SAID ALWAYS WHEN YOU ARE 50% OF PROFIT TAKE HALF AND USE TRAILING STOP OF 34 PIPS ITS 340 IT MT4
