Rejection
DOW JONES - US30 video top-down AnalysisHello everyone, here is the top-down analysis for DOW JONES, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
DAX-DE30 video top-down AnalysisHello everyone, here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
EURCAD Sell Setupon H4: EURCAD is sitting around our blue resistance 1.560 so we are looking for sell setups.
on H1: EURCAD is forming a head and shoulders pattern (still an idea) so we are waiting for the right shoulder to form and then enter on the neckline break downward.
OR we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.
Good Luck !
NZDUSD Sell Setupon DAILY: NZDUSD is sitting around a resistance zone so we will be looking for sell setups on lower timeframes.
on M30: NZDUSD is trading inside our red channel and forming a head and shoulders pattern (not valid yet)
so we will be waiting for the right shoulder to form and then enter on the neckline break downward.
as usual, when the sell is activated, our stop loss would be just above the right shoulder.
Meanwhile, until the sell is activated, we would be overall bullish on NZDUSD
Good Luck!
USDJPY Buy SetupOn DAILY: USDJPY is sitting around a support zone in green so we will be looking for buy setups on lower timeframes.
on M30: USDJPY is currently forming a symmetrical triangle in red. (but it is not valid yet)
so we are waiting for a third swing to from around our upper red trendline to consider it valid and buy after a momentum candle close above it.
Good Luck!
EURGBP another rejection on the support?EURGBP has been in a range between 0.9020 and 0.9150 for the past 4 weeks.
After a short-term congestion phase, buyers seem to take control of the market, rejecting the area of support at 0.9020, pushing the price higher.
With easy to set stop loss and take profit, we can have a standard trade with a risk to reward ratio of 1:2.
CADJPY breakout and retest with a bearish engulfing pattern!CADJPY recently broke an uptrend line that was representative of the minor trend since the end of last month.
After the breakout, we had a small re-test of the same area and then a bearish engulfing pattern that may indicate that sellers are again in control of the market.
With a risk to reward ratio of 1:3, definitely worth considering it.
GBPJPY SELLGreat opportunity here during the London session. This trade is very simple. Break and retest of a major resistance zone on minute 15. Price is also in a downtrend. The entry is kind of late but not really. After I saw the wick rejection to the resistance I wanted to see the price drop a bit which it did. Price should flood down to the next major support I have marked up relatively easily.