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Rangebreakout

First idea publish. USD/JPY Ranging in support and resistance.First published idea here guys so any feed back or additional analysis on this trade is very welcome! USD/JPY has been ranging in the 144.535 to 107.362 boundaries. It has now come to the bottom of this range with the stochastic's in the over sold area with near enough three support hits previously, this is a strong support. Retail trader data shows 76.5% of traders are net-long with the ratio of traders long to short at 3.26 to 1. I've been reading articles which are saying there is still bearish momentum but sticking to this idea, "USD/JPY remains under pressure even as Federal Reserve officials endorse a hawkish outlook for monetary policy, and the dollar-yen exchange rate stands at risk for further losses as the bearish momentum appears to be gathering pace". If support is broken then i am anticipating a sharp sell off, so would be going short there on after if this unfolds. My stop is placed 106.843 and take profit at previous high at 110.496.
Long
by crooksy
EURUSD 4H How to use the 50/100 sma as your Price Action GuideThe 50 and 100 sma are my guides for price movement on my charts. Price trends, ranges or consolidates. When price moves in between the 50 and 100 sma I call that my in side range. Price can move quickly through both or mostly it will consolidate. If I enter an inside range trade I do not expect to have price momentum going through that space. Also many times price will move from one ma to the middle of the inside range and then return to that original ma and either cross back over that ma and continue moving away. Or price will make a second attempt to cross through the inside range to the other ma and complete it this time. When price is in a trend or a larger range it can be far away from these two ma's. Price will want to return to these ma's . Price will either bounce off the first ma and continue the trend or return to the range res/sup line. Or price will go through the inside range and continue on. In this case when price crosses the last ma it will move with momentum. I always look for the 800 ma on a 15m chart and see how long price has not touched it. So if price structure looks like the 800 sma could be a TP I use it. I also try to see if there is a larger range box price is moving back and forth in and use those sup/res lines as TP. If price moves up to the top of the larger range and makes new highs then possibly a new trend is starting. Watch for fake break outs from the range box so I usually will wait on the breakout for a break of the trendline - a hook back toward the trendline - and a go with continuation candle patterns with the new trend.
Education
by Tradingstrategyguides
Ethereum quick long position on break-outETH Hi everyone, it's been a while since my last idea as being a buyer of crypto-currency, the last month has not been kind to crypto-currency with the new regulations in China. However, as we enter the final quarter of the year, it seems crypto-currencies are headed for a recovery. A long opportunity has presented itself on Ethereum as it has recently broken out of its range on four times it's moving average volume (shown by the orange vertical). Price retraced but failed to break back into the range under $298. Price then rebounded (candle under green vertical) acting as confirmation of the break-out. A >3 reward-to-risk position can be made as I believe the target price will move about the height of the range it was trading previously. The target is therefore at $338 with a tight stop just below the previous support that was in the trading range at $295. On another note, as we enter October, Ripple is on my watch-list ahead of their highly self-promoted Swell event. I will definitely be sharing and updating my current ideas on Ripple very soon. Thanks for reading
BITFINEX:ETHUSDLong
by TheTraderJ
2
GBPJPY 4H Range BoundThis chart shows projections of possible moves for the GBPJPY 4 H this week. It is currently range bound. Looks like it may drift back to the bottom of the range. There it can bounce back into the range or make a possible breakout short. If a bounce then a move back to the top. At the top of the range box price can 1 - bounce back into the range if the timing for a trend continuation is not there yet. 2 - It can break the top of the range but fail to progress the trend continuation of making higher highs and higher lows and fall back into the range box. 3 - If the market is ready for a bullish continuation then higher highs and higher lows will progress to be made.
by Tradingstrategyguides
XAU/USD: RANGE BREAKOUT - 1600 POTENTIAL PIPSAfter a relentless downward move, we see now nome kind of a pullback or pause in the trend. There is still space to go down, for there is a magnet support at 4H timeframe (Blue line) To confirm that the trend has resume, we need to see a strong breakout, and execute within the plan rules. As you can see the price already broke the counter trend line giving us some selling bias In this case be aggressive with the breakeven, we don't want to be part of an exhaustion climax at the support
FX:XAUUSDShort
by CortesTeam