GBPJPY PRICE TRAP 1HR tfGBPJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 148.188
TP1: 148.436 (25 pips)
TP2: 148.621 (44 pips)
SL: 147.883 (30 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 147.427
TP1: 147.152 (27 pips)
TP2: 146.882 (54 pips)
TP3: 146.611 (81 pips)
SL: 147.737 (31 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
Targethit
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The laws of the universe guide us in to the trades that we take
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Even though I engineered the MTOPS Criterion, it still humbles me
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15.94% gain in one day is not bad!Maybe a temporary pause and possible continuation higher! However, a 15.94% gain in one day is not bad and is enough for some traders.
Between January 6 & 7, 2021, the pullback happened very quickly followed by a bull gap, and the stock rushed above the target price of $26 from my previous article on January 6, 2021.
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: This stock may pullback and then break out to a test price level of $26." Here is the link to the article:
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
New Trade Idea: The stock may trade now between the range price of $25.37 & $27.23. It is possible for the price to move higher or lower temporarily. Long-term prediction: Still bullish for this stock. However, a 15.94% gain in one day is not bad and is enough for some traders.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
AAPL: Another target, but the same key points.Hello traders and investors! Let’s analyze Apple today!
First, it hit our target at $ 125.39, as we discussed in my last analysis (Dec. 1, the link to it is below, as usual), and now it is retesting the support level at $ 121.98 ., which is the most important support level for Apple in the short/mid-term.
Apple must react and defeat the blue line in order to engage a new bull trend, but as long as it keeps trapped between the resistance at $ 125 and support at $ 121, we can’t expect much.
If AAPL loses the purple line, we could see a sharper pullback. Let’s see the daily chart:
The volume is lower than the average these days, and this tells me that this boring movement is just a correction, not a real sell-off.
We have no clear reversal signs here, but if Apple loses the purple line, the next target would be the 21 ema. Below this level, only the black line at $ 112.59 would support the price, but it is too soon to say if it’ll actually hit there. I think the 21 ema is a more reasonable target for the short-term.
But this doesn’t mean Apple is going to reverse its bull trend. It would be just a pullback, and usually this means opportunity. When Apple defeats the blue line, it’ll officially resume the bull trend. We just can’t possibly know when this will happen.
This is my view for the short/mid-term, and if you liked it, remember to follow me to keep in touch with my daily analyses! And support this idea if you found it interesting!
Thank you very much.
Successful IH&S Breakout on Gold; Should Sustain Golden Cross.After initiating the golden cross on gold it soon after break above the inverse head and shoulder neckline and then proceeded to reach the breakout target and a few pips above before correcting which to me signals this golden cross should likely be sustained.
XRPUSD hits my exact breakout target.We are finding resistance at my exact breakout target for xrp. However, if we can flip the 1 day 50ma to solidified support then we should be able to eventually overcome this horizontal resistance...as we can see there is a 2nd horizontal resistance just above it though so it will not be easy...for this reason I'm leaving this idea neutral even though I am most definitely longterm bullish on xrp.
btc reaches 1hr bullflag breakout target, starts forming h&s.we can see that btc hit the 1hr bullflag breakout target the immediate went back down under the top trendline of the bigger symmetrical triangle and is now forming a 1hr head and shoulders pattern. I plan on holding until I se the horizontal dashed green line flip to solidified resistance. For now this could still easily be a h&s fakeout. For now we wait.
Falling wedge target reached! Will A&Edoublebottom trigger next?After hitting our target precisely on the 1hr chart a few candles back we can see here on the 4hr chart that we went a a pip or 2 above the target afterwards most likely fueled by fomo.We now see our pullback/correction taking place but if we can maintain support above our falling wedge target from here on out we will certainly trigger the Adam and ve double bottom as well which could lift us to 13.1k and give us the opportunity to potentially break out of an even bigger symmetrical triangle to an even higher breakout target...for now the bigger triangle may only be speculative but we will know based on what price action does the closer we get o is proverbial top trendline. Our current price range for now is still a huge pivot point/fulcrum where we could just rigger the adam and eve double bottom right away and head to 13.1k or we could instead see one last big bear dump as a last resort to fill that gap at 8.5k(slim probability but still possible). That's what makes this zone so pivotal and I will be watching to hopefully see price action maintain support above the falling wedge breakout target as a new base to build off of. If I see the probability of a double bottom breakout should be undeniable.