Bearish on the D1 chart with the 50EMA below 200EMA and looking to have respected the current resistance level .. I can be confident in a SELL opportunity with TP at the next major 4H support level . SL would be right above the wicks which i have indicated with a square box showing the zone. SELL TP 1.31500 SL 1.33500
50% fib retracement off major support. tp 107.6
green lines are based off of 50% weekly / daily fib levels along with key support and resistance levels on higher time frames as well. thoughts? comment below! :)
currently in a down trend and looking like a reversal at the W1/D1 resistance line around .67800, as well as RSI indicating a possible oversold situation. having just finished a W formation, I'm expecting price to retest the major W1/D1 support level around .66900 .. ill be looking to enter a SELL position if the next H4 candle closes below the previous...
Noticing we are currently in an uptrend on the 1H chart.. i have added key support and resistance levels Here is my plan.. Open @ 72.372 Set SL to 72.230 TP1 72.553 TP2 72.765 TP3 72.914 cheers!
Current price seems to be respecting the support level. i'll be looking to BUY with a TP at the 50% fib level of 107.6 stop loss just below the wick of the previous candles. also, i forgot to include this in my original analysis, but if you add a BB indicator to this chart you will notice price is at the bottom of the BB indicating a time to buy, as well as...
1:3 RR SL below the previous dip TP at the next major resistance on 4H time frame. cheers!
hey guys! im really excited because my last USDJPY analysis of the inverse head and shoulders pattern totally played out the way i expected it to. This week im seeing a rising wedge occurring and being at the bottom of the wedge, just above the support support line, i'll be looking for a TP at the top of the wedge around 108.200. Then i'll be waiting for a...
D1 fib retracement.. it’s possible that technical sellers may be checking this area out for potential resistance to form and a return to the longer-term downtrend.. Short full position GBP/JPY at market (133.71 ), max stop at 140.75, max target at 124.00
this might retrace back to the previous resistance now acting as a durable support. looking to enter a buy at the 50% fib with SL one level down. lets see how this plays out..
just a thought.. currently watching it play out or not on M1
took the distance from the head to the neckline and added it as the TP
GU has been dancing on the support line with a good chance of testing the top again before retracing back down the Fibonacci levels.
bounced off major support buy limit when it retests the fib 1 level @ .63024 TP 1 .63519 TP 2 .63470 TP 3 .64056 SL .62500
looks like a hard rejection at the 200 EMA line, looking to test the major support again.