Enter a continuation trade following on from structural move or await SELL indication.
Possible bullish move after minor pullback. Scalp trade for the short term.
Trade based on the following: - Break and retest of 1.14 level - Market behaviour - Signs of DXY weakening - Psych number also serving as a Fibonacci Level
- Continuation buy trade following on from retracement. - Red level broken through with a minor pullback which could indicate a bullish move from previous resistance level
Price has broke through level that has previously served as support and the movement of this pair indicates rejection of the previous supporting level. Fibonacci is the only tool used in this trade and pair has also shown rejection of the levels which can also support the fact that there is a downtrend continuation which could occur.
BUY Trade based on the following: - US Dollar Index showing signs of strengthening - Pair is considerably oversold - Supporting level - Pair currently on a valid Fibonacci level
Trade based on the following: - Price is moving towards a level that has previously served as support in which a bearish move could occur - Continuation downtrend - Pair seems to be struggling to break above price - Fibonacci level incorporated
Trade based on the following: - HH and HL formations - Current market is on a Pivot Fibonacci level in which it could potentially serve as support - Dollar Index shows signs of strengthening - Pair seems like it's retraced and is awaiting an impulse/bullish move
USDJPY SELL BASED ON THE FOLLOWING: - Break and retest of previous level that had served as support - DXY indicating signs of weakness - Pivot Fibonacci Level - Structure
Buy Trade based on the following: - Uptrend - Entry based following on from a retracement move - Break and retest of level Simple trade using minimal indicators and tools.
Pair is considerably overbought on several timeframes. Double top formation also occurred. Market behaviour also shows signs of Bulls losing power
Trade based on trend continuation, potential break and retest and analysis on market behaviour. Minimal indicators and tools used for this trade.
Reasons for taking the trade: - Session Reversal - Candlestick behaviour - Previous resistance serving as a possibly new support - Fibonacci Level
Reasons for taking long position includes: - Recent uptrend - Break and Retest of level which is a previous resistance now serving as current support - This level is also a Fibonacci pivot point - Instant entry or wait for bullish indication
Purple Area shown has proven to serve as support. Trade taken following on from a retracement move.
Scalp Trade Break and Retest Trend Continuation Fibonacci Indication AUD looking bullish
Previous month has illustrated a ranging market. Breakthrough has occurred in the recent days and is slowly approaching psychological level of 1.3200 in which a possible rejection could occur. This particular zone has also been proven to be a strong resistance several times this year. SELL LIMIT order placed at 1.3200.
As illustrated, the pair has reached the bottom trend line (4HRS and 1D), and has shown a rejection of the linear level through the long lower wick . The formation is able to demonstrate that the Bears in the market had tried to push the market much lower but had been rejected following on from the candle closure that had occurred as of 6PM (UK Time). This...