Possible buy entry for USDJPY. Will look for an entry on a lower timeframe after a pullback.
Price has broken out of my buy support trend line and retested it. This market has been in a down trend since March 2020. I was looking to enter this trending market after a pullback which is what I have identified. I think the pullback is over and think price will continue its downward momentum from here.
These are two possible scenarios that could play out on this pair. I'm not expecting price to do anything or move in any particular direction, I will wait for the market to reveal it's next move. Price is currently in an up trend as seen on your higher time frames however it has pulled back quite a bit. Price will need to start setting lower lows and lower highs...
Price has broken out of my buy support trend line and seems to be pulling back for a retest. Price also broke out of a support level which was supporting the range, I see price pulling back to that level which is now acting as resistance.
An update on my previous USDJPY buy setup. Price has broken a previous high which was a level of resistance, I am looking to take the buy if I see price retest this level and reject it.
Anticipating this setup for a sell. Price has broken support (now new resistance) and I am looking for rejection at that level.
To support my previous EURCAD setup post, this is the 1hr chart. Price has broken resistance (now new support) and retested that level. I think this pair will be good for a buy during London session.
I am looking to enter this buy setup during London session.
This is a scenario I am anticipating this week. I am looking for a sell at the support level we broke. A retest of this level will confirm the sell for me
This is my idea for a possible buy setup. This buy has not been confirmed, this is just a setup that I'm anticipating.
Price has been trending downward with clear lower highs and lower lows since the end of February 2021. These are two possible scenarios that I see playing out. I could buy when price breaks resistance and confirms the buy by retesting that broken resistance (now new support). I could sell when price breaks support and confirms the sell by retesting that broken...
Currently looking to enter this sell. Here are my potential entry opportunities. Remember to only sell at resistance with a clear reversal pattern.
Day trading setup to enter the sell on EURCAD. Sell at rejection of resistance with clear reversal candlestick pattern only.
Head and shoulders pattern on 1 & 4 hour time frame indicating buy power. I will wait for one of these setups to play out.
Possible setup for today. Buy at support, sell at resistance but be aware of session times and reversal patterns.
Price has rejected the previous high of the day rejecting it 3 times and ultimately forming a range. The support of this range has been broken and retested, indicating that we are ready to take the sell. My target is the low of the day.
Price has faked out above the high of the day, broken back below and rejected a 15min support.
Price faked out above the high of the previous day which then became support. Once price broke back below the high of the previous day it made a 15 min support, price has retested that support and I am ready to take the sell.