Price has moved up, but is now experiencing a small retrace. This would be a good time to go long! Timeframe: 15min Market structure: Uptrend, small retrace right now For your weekly analysis and trade ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: Jaylen.Forex Website: www.forexshinobi.com
Price has reached the bottom of a bullish flag pattern on the H1 and is now going up. I entered this trade at the bottom but it's still not too late to enter. Two profit targets depending on what price does. Price action: Inverted hammer on the H1 at the bottom red line. My medium bias is still bullish for USDCAD. For the fastest trade ideas...
Pinbar on the H1, price seems like its forming a bullish consolidation pattern. Target is the bottom line. Price action: Pinbar Risk to Reward: 2~
Price has formed an Inverse Head & Shoulders on the H1. I will be waiting for a retest of the neckline before entering. Risk to reward of 1. SL set just below the right shoulder. Target is the purple line, possibly higher. As always wait for confirmation BEFORE entering.
Price is forming a pinbar on the H1. If it can close strongly I am going to enter on hour close.
Possible HEAD & SHOULDERS PATTERN FORMING on gold. If price can break the blue rectangle (neckline). Wait for price to retrace and retest before going further down. Gold is due for a retracement, however you NEVER know what price is going to do, so it may continue to go up.
Potential double top forming on the H4 for USDJPY. If price can make a strong break of the neckline I will have a short bias!
Price coming back up to the blue line, look for price action to confirm short. Price action meaning price retests the line, then tries to make a higher high failing to do so, and then makes a lower low signalling bears have control.
Price at the bottom of a possible descending triangle pattern. Strong pinbar on the H1 a couple hours ago. R:R of 1.5. Wait for close of the hour to enter! I will be observing what price does if price reaches the top of the descending triangle pattern - stay tuned. Trade Criteria: Price Action: Pinbar Technical Analysis: Descending Triangle Volume: volume...
Price is currently at the green line, but if you look on the higher time frame, price seems to be ranging. If price can break and close below the green line I will short.
Price has broken the red line structure, look for retest to short. This is looking like a head and shoulders to me. Overall bias: short, price respected the downward trend, weekly pinbar.
Price is trying to break out of the bearish flag pattern. Price has retested the line let's see what happens next. Look for market structure (lower lows, lower high's to get in, or price action).
Price has broken out of the symmetrical triangle pattern (green lines). Targets yellow line or a little bit before! 1.3230~
Price has retested the S/R (green line). Good time to buy long.
At the top of the channel. Since it's Friday might be best to wait until next week. However this is what I'm seeing right now.
If price can break above 1.3240~ wait for the retest and look for longs. NOT YET THOUGH.
Price has formed a strong bullish candle on the H1. Targets 1.3240~
Looks like a stop loss hunt of yesterdays H1 pinbar. Price has immediately come back down. Double bar on the H1.