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Sellzone

USDCHF in sellers controlBased on the chart, we can see a strong rejection of price on the 8th of July and even we do not see any reaction from the buyers on the next day(9th). This event can be good sign of sellers strength on the market. Also on the other hand, we can see a weakness on buyers at Friday(9th of July). So based on this scenarios, I have bearish bias for this currency pair for the following week. ** This scenario will be valid until price stay lower than 0.9150. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
AUDJPY in bears control!Based on the price, a strong rejection from a major resistance area is about to happening. This market reaction can show us the power of sellers at this area and a weakness on buyers. So I consider it as a demand area and that's why we can see this rejection here! So based on this scenario, I opened a sell position on the chart with a good risk reward ratio (about 1:2 TP1 -- 1:4 TP2). Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
GBPJPY in Bears control!Based on the chart, price reached a resistance area and yesterday a rejection form this area happened. Also the chart behavior can show us a weakness on buyers because we can not see a recent high on the chart(there is no higher and higher right now!) So the weakness on buyers and the strength of sellers at this area lead me to open a sell position with a good risk reward ratio (about 1:4 for first target and 1:8 if it goes to the next target). Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
2
GBPUSD Getting ready for a dropBased on the chart, price reached a major resistance are and yesterday a rejection happened at this point which can show are the strength of sellers at this area. Based on this rejection of price at this area and observing the weakness of buyers at this time, I prefer to be seller at this price with a good risk/reward ratio (1:3) which can provide low level of risk and high gain. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
1