Long after failed breakout on support line. Fake breakout into H^S
Awaiting confirmation on this potential right shoulder.
Usdjpy went down with bigger volume. Only lower volume area to be found beneath this level. After the pullback bounce would be a nice entry.
Low volume bottom coming in soon, trading on reversal chart types like double bottom if you want to be more safe. Upper zone is the more likely bigger resistance.
Strength weakening, no real retracement so far. Waiting for breakout of chuvashovs fork for entry. TP1: based on fib 38,2% and edge of cloud TP2: based on fib 61.8%
Fractal support retest. On breakout going for min RR of 2, going along in the trade next target is on the lower green box.
EURJPY testing 200EMA resistance in confluence with previous support zone. Dropping below bear fractal would indicate a correction.
Entry on fractal breakout and signal HA-candle. SL just beneath current signal candle.
For beginners: calculate position size --> (LeveragedSL%/MaxLoss%)*TotalAmount. Example this trade: Account: $1000 Actual SL%: 0,23 (red zone) Leverage: 50 Leveraged SL%: 11.5 Max account risk %: 2 Position size = (2/11.5)*1000 = $173.91 position size
Long after breaking through confluence resistance (diagonal and horizontal). Still counter trading so TP just beneath expected cross and last high.
Testing resistance. Bulls look strong so wait until it drops below the resistance zone again.
Trading with pullback to support on daily.
Rejection on support (pinbar 4h) could indicate trend continuation. Target is retest of previous high.
If AUD can close above this line, it could retest previous support.
Pinbar on 4h right on support. Last high was lower high, so not sure about continuation for longer. Conversative targets.