Joe_Renshaw

Joe_Renshaw Updated 

Risk to reward I am looking for is 1 : 2 at-least.

Joe_Renshaw Updated 

Sold USDJPY. After the third tap to the trend-line awaited break and re-test. 65 pip trade stop loss being 35 pips. If this hits my take profit a risk to reward ratio of 1 : 1.85 will be achieved.

Joe_Renshaw Updated 

Buy around the TL cross over (yellow circle) once we see price reject. We then have the support level and the 50 & 61.8 FIB levels which would be above our stop loss.

Joe_Renshaw

see other post with analysis on this pair

Joe_Renshaw Updated 

entered 100 pip TP Risk reward 1:2.5

Joe_Renshaw

TL 4th tap, Resistance majorly overbought - high probability set up

Joe_Renshaw

Waiting on TL re-test

Joe_Renshaw

In this image we see AUDUSD in a very clear upwards trend and is currently remaining in the same channel. This pair also has continued to make higher highs and lower highs staying in the bullish structure. I will be watching this pair closely as I see the pair has reached some resistance, if it passes this and heads to the top yellow circle I will looking off...

Joe_Renshaw

In this image I have market a temporary support area where price has failed to break (except market open) this happened due to CAD strength over the weekend but as you can see the gap was covered very fast showing signs of bulls in the markets. I will know be looking for another test of 1.53 and to find support where we have an area of resistance currently (1.5285-95)

Joe_Renshaw

Similar to previous post - on this pair we have more signs of support holding and price action is now in an upwards trend, if we see a break of 1.53 again I believe we could see possibly 1.5400. I will be placing a buy limit on this pair. Will have further breakdown on a lower time frame.

Joe_Renshaw Updated 

Awaiting third tap to the ascending trend line and to see how price action plays out, other trend lines on the chart shows me where price has gone and give me an insight into why. Stop loss would be underneath the daily support level highlighted which pretty much matches up with the 31.8 FIB level.

Joe_Renshaw Updated 

stop loss below support

Joe_Renshaw Updated 

BUY

Joe_Renshaw Updated 

Sell

Joe_Renshaw Updated 

Simple set-up - CADJPY has hit a strong level of resistance and bounced off. Having TP around the 77.0 area giving a 1:2 RR and is also just above the 61.8 FIB level. This pair is also showing signs that it is overbought on the Stochastic swell as rejecting the 200 EMA on the 4 hour TF.

Joe_Renshaw

EURCAD long

Joe_Renshaw Updated 

TL Tap, 50 EMA, Stochastic indicating good for buy.

Joe_Renshaw

Short position before upwards push