Looking at the 4 hour chart I have identified that the Japanese Yen is going against the Pound and moving overall in a downtrend. I moved over to the 1 hour chart to identify a set-up, therefore I looked for the most recent ended SHORT session within the market and also identified the SWING HIGH and SWING LOW for the session and plotted my FIB retracement tool...
On the chart, there's a clear Head-and-Shoulders structure with a breakout and retest of 1.40000 Looking for sells after confirmation. Let me know your thoughts!
🔸 4H CHART EXPLANATION: . 🔸 Price bounced at the Resistance Zone. . 🔸 It has broken the Ascending Trendline. . 🔸 There is a lower timeframe corrective structure, which if it is broken to the downside, could lead to a bearish move. . 🔸 The potential target area is the Support Zone. 🔸DAILY CHART ANALYSIS:
Short position setup. 3:1 trade ratio + 2 pips to cover spread Short opened at 9:45 GMT+1 1.24306
Monthly Bullish Structure
The COVID 19 pandemic that is kneeling the world caused a major drop in oil prices in some cases even reaching levels never seen before. At today's date oil is still in oversupply suggesting a further drop to the downside. But... there is a but, from Our technical prospective Brent Crude has reached it's level of extension and is ready for a retracement. In Our...
We have been watching closely the AUD, which is respecting a bearish XABCD pattern. A bearish position was entered at 0.653 on the 29th at the rejection of the D point. Following price action we see the possibility for a wave formation at the 0.382 or 0.618 levels giving a good R/R scaling in opportunity. Targets are respectively the end of the short term wave ...
I believe the stock is bouncing and will go up soon. It reached the support level.
In-case of price is going cross LH 8952, we can see below projection: ------------------------------------------------------------------ LH 8955 below, keep continue selling, if reversal exist then price must cross this level above. Trade Setup: PLAN (A) : Sell below 8955, for first T 8647 nearby and T2 8459 PLAN (B) : Buy in pull-back if price...
The price is bouncing off this S/R several times, it is likely to return back down from the resistance towards the support however there is a small chance that it will break through the resistance. Possible profits to be made!
🔸 4H CHART EXPLANATION: . . 🔸 Price tried to break the Resistance Zone multiple times, but it couldn't. . 🔸 We observe that the Ascending Trendline has been broken, and price has been moving sideways since then. . 🔸 It has broken the 4H Structure to the downside last night, so, we consider that there is bearish potential here. . 🔸 Will look for a lower...
Hypothetical scenario: (1) Entry @ 0.96830 (Sell Limit) (2) Stop Loss @ 0.97200 | 37 pips (3) Target @ 0.96000 | 83 pips (4) R:R = 1:2.24 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Hypothetical scenario: (1) Entry @ 1.09240 (Buy Limit) (2) Stop Loss @ 1.08990 (25 pips) (3) Target @ 1.09940 (70 pips) (4) R:R = 2.80 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
This post also serves as a continuation of my last EUR/USD post, as the target from the last post is basically the entry on this one. Hypothetical scenario: (1) Entry @ 1.09940 (Sell Limit) (2) Stop Loss @ 1.10990 (105 pips) (3) Target 1 @ 1.07730 (220 pips | 75%) - SL to Break-Even (4) Target 2 @ 1.06550 (339 pips | 100%) Stay tuned for the...
Hypothetical scenario: (1) Entry @ 107.00 (Buy Limit) (2) Stop Loss @ 106.820 | 18 pips (3) Target @ 107.490 | 49 pips (4) R:R = 1:2.72 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of in vestment / trading advice.
Hypothetical scenario: (1) Entry @ 1.40660 (Sell Limit) (2) Stop Loss @ 1.43130 | 247 pips (3) Target @ 1.34890 | 577 pips (4) R:R = 1:2.33 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
This pair can go either way but I am more inclined on the sell! Look for sells!