Let us keep an eye on this pair
We can see clearly that it gave us a double top which is known to be a continuous pattern and also the neckline was broken,so we can expect price to retest our supply area where we have a DBD and FTB. keep an eye on this pair
This pair broke out of the trendline and now going back to retest the supply zone before going in my projected direction. risk reward on this pair would be 3 times bigger than the risk
this pair is gradually getting close to my sell zone area. I would short positions once i get more confirmation in my sell zone area. Risk reward 1:5.
Price now seems to be forming a bullish symmetrical triangle unlike my previous analysis where I looked at the structure to complete the market cycle which is impulse-correction-impulse. If price forms the bullish symmetrical triangle, it might be for a short term buy before the bears gain total control of the market. My sentiments would be for the bears because i...
We have to always adapt to what the market structure gives. unlike my previous analysis where we looked at the market to form the normal market cycle(impulse-correction-impulse), price now seems to be forming a bullish symmetrical triangle and might push up for a short-term buy before the bears would fully gain control in which I am interested in. We would see how...
A proper entry would be when it hits the equilibrium level and makes a proper retest
price broke out of the trendline and now making a retest before going back to the demand zone.
Price is currently at supply zone, the bears seem to be gaining control. The best form of entry for e would be when it makes a pullback and form a possible double top with a reversal candlestick. Let's see how price reacts to this
Price broke the upward trendline, forming HH & HL and now looking to retest the equilibrium level and the trendline before moving up to the next higher high. Let's see how price reacts to this
sell the retest and buy the pull back. share your ideas let us see how price reacts to this!
Price can seen to be approaching the base of RBR(rally-base-rally), price might accumulate for a while in that area before shooting up. I would be on the look out for reversal candlesticks before opening long positions. If you have any opposing ideas,kindly share
Price currently broke out the trendline to the downside, price should retest my sell region area before the bears move price further to my take profit area . If you have any contradictory ideas, kindly share
the pair broke the trendline to the downside after forming a double top at resistance area. I'd be looking to open short positions after a restest coupled with a reversal candlestick.
USDJPY seems to be forming higher highs and higher lows after breaking out of the falling channel and also left demand zone approaching supply zone. let's see how price reacts to this. my free channel: t.me/djbfxtrading