If price stays like this, it looks like this pair found a bottom (for now). What might potentially happen - Find support around 0.0065 and aim for a target of 0.010 - Break the potential support level and head back lower towards 0.0050
Intraday buy opportunity of the zone highlighted between the 61.8 and 78.6 Fib retracements. The price looks like is within a fractal consolidation which is why I believe there could be another minor push to the upside. The overall trend is a downtrend which is why close monitoring must be applied to lock in any profits that are made. Will be updating along the...
Swingtrade based on trend-momentum and convincing price rejection a few days ago.
We broke the previous top and two possibilities are open for now. We either go down for good which means our C wave is completed or; We go down for retracement and we go break that top again to give us an ABC on our C wave and then we go down. In any case look for a flag and sell if you see it reversing.
The pair has potentially completed a 5-motive wave sequence, and I say potentially for the reason that we still cannot say with 100% certainty that wave 5 is over. It has given a topping formation (double top) as well as a strong lower low - lower close candlestick last week which could be signaling the start of a pullback / correction. My potential...
In my opinion the pair is now in consolidation mode from yesterdays' impulses which is why I am expecting on more push to the upside all the way up to the 1.1835 level. I am anticipating the pair to start moving sideways upon retesting yesterday's POC (which also confluences with the 0.5 / 0.618 retracements) before initiating the move up. I will be looking for...
Price is at the POC showing signs of volume accumulation. Judging by the prior impulse I expect one more move to the upside and potentially retesting yesterday's POC. Furthermore the price has formed an Inverse H&S which I will not indicate because of over-cluttering. Those who know will see it. My personal details: Buy Stop: @ 1.1763 SL: @ 1.1740 TP: @...
price is nearing a strong resistance zone that has been standing the test of time for a few years... i'm looking to see if price can reach the yellow marked resistance zone and Looking for downside in that area as i don't see price passing that zone (potential trade setup)
Hello traders! At this moment USDJPY had a strong rejection from the bottom of the daily channel - 105.35 level. You need to remember that USDJPY is in a corrective structure right now. The correction may be over. Short term target will be inside the channel. We need to see how the price will behave inside this structure. If the price will not rise aggressively...