EURJPY TO CONTINUE DROPPING?Pair: EURJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break, retest of broken support
—————
Key Takeaway: Seen a very drastic break of trend channel last week that we were fortunate to catch a trade on :) we have now broken vital support and we are currently in the re-test phase. If price continues to drop like this a short trade is in order
—————
Level needed: need a close by —
—————
Trade: SHORT
RISK:REWARD —
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Freesignals
TRADE OF THE WEEK | Classic Breakout Trading 💰
Hey traders,
This week, EURUSD broke and closed below a key horizontal structure support on a daily.
After the breakout, a bearish continuation was expected.
I was patiently waiting for a retest of a broken structure.
My confirmation was a double top formation on 1H time frame.
Short position was opened on a retest.
Great winner and nice trade!
Did you catch it?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
NZDJPY: BEARISH POSITIONS BELLOW 86.36FX:NZDJPY
Hello folks!!!,
This is my analysis brought to you after deeply analyzing the EUR/CAD Forex pair from a technical, trend and fundamental perspective:
Pivot point : 86.36
Stop loss : 86.38
Take profit : 83.86
Entry Price : 85.46
Risk/Reward Ratio : 1 : 1.76
If this post was useful to you, do not forget to like and comment.❤️
Trade Safely,
Best Regards,
Yasser Tavarez
🎯ETH zone and structure continued to be bearish. UPDATE🎯Everything is in the chart and related ideas.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.006974
TP: 0.006848
SL: 0.007072
Bias: Short
For this instrument our core bias is short as we see the strength of dollar prevails over the strength of this currency. The study of support and resistance also show a positive expectation for shorting opportunity.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.13786
TP: 1.12195
SL: 1.14964
Bias: Short
As we study the recent price action of this instrument, our core hypothetical stand point goes in favor of shorting the pair. The bias is explicitly bearish and we can safely avail a selling opportunity from the current price pattern.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 0.99793
TP: 0.98345
SL: 1.00748
Bias: Short
The current price pattern of this instrument is displaying a short bias and the recent price fluctuations is more or less showing a bearish tendency and therefore we can anticipate a short opportunity set up.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96654
TP: 0.95484
SL: 0.97805
Bias: Short
The price pattern is displaying a bearish bias . If we consider the current price actions and the current dynamic trends at macro or micro level, one specific pattern is obvious and that is the upcoming selling opportunity. Considering the sentiment and overall directional bias , we can go for a short set up.
AUDNZD | 4Hr | Elliott WaveAUDNZD is ready for correction. It is indicated by 3 factors:
(1) Elliott wave tool by tv - it shows us the 5th wave is completed on 4hr tf, and wave A (correction) has started.
(2) 4hr BOS - Break Of Structure on 4hr shows potential change in character of the current trend.
(3) Divergence in MACD + RSI on top of that RSI is below 50 which shows bearishness and MACD below 0 too.
im short!
Note: Analysis is only for education purpose.
ALL THE BEST!