We are in a range right now. A breakout below is unlikely, as the uptrend is still pretty strong. Expecting a bounce a few more times (teal) Or bounce to resistance level, some smooth grinding, spinning tops, and a bust up (yellow) I would not short yet though
Strongly aligned with my USDJPY and GBPUSD analysis, execting a spike up of GBP to the small channel's shoulder, and a continuation lower to support. We are in a very major bear trend channel, we hit the upper shoulder already. At minimum, we are in a range, but I expect a break even lower. Of course, wait for proper triggers, this is just an outlook Good luck all
We are now in a full-fledged downtrend. Again. But, we hit a very strong support level, hit as much as 5 times in the past few months. We also hit 38.2 Fibs on macro before going back down (not drawn) I would expect a few days of grinding, slowly to the upside probably, then sharp move down (flag-like). Of course, wait for proper triggers, this is just an...
Pending order! above the previous wick. Will take 1/2 off at the previous high & trail the rest by the trendline you see here.
Expecting a breakout. The target is confirmed by fibo, Flag and previous strong support/resist level
^ title :)
Confulence is key here. It's like someone took a normal channel and broke it in two... Greenish channel perspective, it's a test of a breakout Purple channel - reached lower side and a bounce is apparent Major support level tested Don't care if it looks bad, 3 confirmations - I'm in and trailing.
Need a new high to enter. Target 1 - previous high. Target 2 - 161.8 - previous strong support level.
Pretty simple. will take 1/2 at 161.8 projection, 1/2 will trail by the red trendline. See where it takes me :)
Pending order below the support level and the last wick there.
Several trendlines and a support level meeting at 1.12 - entering long early (expecting breakout) I will trail this one by the bottom triangle TL. But my TP targets will be 1/3 at breakout, 1/3 at 138.2 and the rest- pure trail
Pending orders below the hammer's wick
A pending stop with cluster targets - 1 at previous top, 1 at fibo level. I personally think 161.8, but 138.2 is also a good guess. For target 2, I recommend trailing your stops over the h4 fractals. Good luck!