USDJPY broke 4H structure and downtrend in the middle of the week and now we can see pullback to areas below and after PA confirmation we shall see a big movement up. Next confirmation to buy USDJPY will be after breaking previous highs. We can see a strong dollar this week, so after pullback i will be looking for opportunities to long dolar! Don't forget to...
GBPJPY was totaly exhausted trying to go further down, so what I expect from GJ this week is defitinitely uptrend movement. Important Supply area with daily resistance is important and major area to break. Daily trendline is also major resistance, which will try to hold GJ in downtrend. After breaking trendline + resistance area, i will be looking for buy...
ABCD completion indicate good potential for a retracement followed by a sell continuation. Check my previous post.
Company announced a few weeks ago a Reverse stock split moving the share value from $0.18 to $18 in matter of a few days. For the last week it has been testing the .236 level where it has been finding strong support. Currently trading above the 100 ema on the 10 hr chart showing a string of daily doji's. Also a nice wedge, triangle has been forming ever since the...
GBPJPY easy setup as you can see on chart I will be shorthing breakout previous resistance (support now) and trendline break, which will lead into making new lows Do not forget to trade with proper RM/MM and caution. Good luck guys.
Hello Traders, Today we will share with you guys the TVC:UKOIL as it seems to show upwards pressure again towards $57 and may breaking resistance zone. It currently flirts with significant intra-day support level. Supported by a significant intermarket sign, which points a potential inflow of capital very soon! This may underline this setup. Our intermarket...
Open sell limit. price: 140.720 sl: 18 pips tp:80-100 pips
USDZAR is about to makenews highs this and next week! You can see perfect bounce from demand zone based on H1 timeframe, Fibo 50% Price Reverzal Zone (PRZ) and supportive trendline. If USDZAR will break Structure + Resistance + Trendline, we can see big move up in next weeks. Keeps eye on that. For the record: USDZAR and USDMXN are only exotic pairs I trade...
Looking for ABCD pattern completion. Looking on the weekly chart, price has crossed the BLUE weekly trend line and EMA's have crossed. Daily: retest of weekly trend line happened today (27/02) and was rejected. We may see price come down to 61.8% before a bullish run up to monthly resistance. Target 1: 1.2770 (monthly res). Target 2: 1.2901 (-27%)
EURJPY is still in downtrend, but we are expecting reverse back to uptrend soon. As you can see, EURJPY is probably going to meet trendline with 61,8% fibo PRZ where EJ will go longterm up then. Waiting to all Yen pairs go to reverse up soon (this or next week) Keep eyes on UJ GJ and EJ Don't forget to trade with proper MM/RM and caution, Good luck guys.
Oil is in a wedge that will soon break. There is upside potential to this trade, this setup shows our views on the trade. We would monitor the area to buy and then scale out part of it at the first point in orange and then P1 ourselves with the remainder while leaving the rest for the yellow area. We will monitor price and patterns in this box to close off the trade.