I believe GBPJPY will continue bullish in that upward channel you can see on the photo. There are two possible take profits. What do you all think?
🔸 4H CHART EXPLANATION: . . 🔸Price is on an uptrend. . 🔸It has broken the Resistance Zone. . 🔸Also, the Daily Descending Trendline has been broken. We consider that this pair has bullish potential. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸Right now it is consolidating on a lower timeframe. We consider that if there is a breakout to the downside, then there is potential for a bearish impulse. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Looking at the weekly chart of GBPUSD, it looks like it can possibly continue to move bullish. I utilize the Fibonacci tool with possible take profits. What do you all think?
Really long term play. I dont think all of these will be hit but I wanted to mark off levels. High time frames look great.
I believe AUDUSD will continue bullish. I placed two take profit indications that can possibly hit. What do you all think?
🔸 4H CHART EXPLANATION: . . 🔸Price is moving on an Ascending Channel. . 🔸It has broken the Resistance Zone. . 🔸Right now it is on a consolidation, which we are waiting to be broken to the upside before considering a long trade. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸On a lower timeframe, the short term Ascending Trendline has been broken. . 🔸The first target of the downside move is the Ascending Trendline. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
buscamos patrón de arco al 110% de fibo junto a patrones da cambio a menor temporalidad.
I believe USDJPY will continue going bearish throughout the week. I placed 3 possible take profits on the daily time frame. Let me know what you all think. This is week 7 for me on trading, so I'm still very new to it.
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline. . 🔸It is now making a corrective move. . 🔸We are waiting for a retest of the broken trendline before considering a short trade. . 🔸 Will look for a lower timeframe bearish setup. . 🔸 DAILY CHART ANALYSIS:
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price broke the Descending Trendline. . 🔸It has also broken the Resistance Zone. . 🔸In the long term, we consider that it has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Descending Trendline. . 🔸It is now making facing the Resistance Zone. . 🔸If the breakout is confirmed, then it has potential to reach the next Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 WEEKLY CHART ANALYSIS:
🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Daily Structure, and it is making higher lows and higher highs. . 🔸It is facing the Resistance Zone. . 🔸If it breaks to the upside, then it has potential to reach the next Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 WEEKLY CHART ANALYSIS:
FX:EURJPY at a key support zone on the DAILY chart. Trend: Bullish Enter LONG @ 121.36 Stop Loss @ 119.125 Take Profit 1 @ 123.725 Take Profit 2 @ 127.364 Take Profit 3 @ 129.625
BITSTAMP:ETHUSD at a key support zone on the 4h chart. Trend: Bullish Enter LONG @ 232.5 Stop Loss @ 214 Take Profit 1 @ 251 Take Profit 2 @ 262 Take Profit 3 @ 274
FX:USDCAD at a key support zone on the DAILY chart. Trend: Bullish Enter LONG @ 1.3635 Stop Loss @ 1.346 Take Profit 1 @ 1.37825 Take Profit 2 @ 1.39325 Take Profit 3 @ 1.408
🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Descending Trendline. . 🔸It is now facing the Resistance Zone. . 🔸If we see a breakout here, the next bullish target is the Resistance Zone at 0.80500. If price bounces, then we will consider a downside move towards the broken Trendline. . 🔸 Will look for a lower timeframe setup. 🔸 4H CHART ANALYSIS: