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GBPJPY TO THE DOWNSIDE So to keep it simple, we currently placed the main S/R's. There were some active movements earlier a couple hours ago and caused a huge spike up which never broke through the 139.949 S/R . It ended up pulling back and closed below the other S/R which we wanted to and that would be a good sign of a short. It closed below the H4 candle at...
GBPJPY H4, just simple use of S/R, trading from one to another. TP#1 would be at the first most touched S/R which in this case is the 138.879 once it reaches that level, we either look for a break through or a bounce off that S/R to consider its next move.
USDCAD DAILY Pretty simple here. Got a Ascending triangle and waiting for the breakout of the S/R at 1.31440 in order to buy. remember... CANDLE MUST FULLY CLOSE above it to buy! TP would be at the next S/R which is at 1.32778 area.
GBPJPY H4 Same concept as GBPAUD but over here we are waiting for a clear movement of the pair itself. The H4 previous candle printed a long upperwick/shadow, showing some strength of the bears. We COULD see a drop below to the TL and bounce from there then it starts to head up. Right now, to be safe, wait for the bounce of the TL or wait for a bullish candle to...
GBPAUD H4 Currently, its sitting at a S/R I want to break at 1.76432 , IF any chance the candle closes ABOVE this on the H4, the TP level will be at TP #1 which is at 1.77669 which is the next most touched S/R. Once it passes TP #1, our next target will be to the next S/R level which in this case is 1.78336 ( TP #2). SL will be 10-20 pips below the TL. If it...
GBPJPY LONG Currently waiting for a closure above the 142.076 area to confirm a bullish movement to the upside. If it breaks, our first TP would be at 142.922 area. If it decides to break through that, we will plan on our next move ahead to the next S/R above. My S/R lines were drawn off the weekly so you would have to check the weekly/monthly in order to...
CRUDE OIL WTI SHORT There been a major consolidation between the 2 lines drawn there at 49.66 & 44.33, It's printed a bearish engulfing 2 weeks ago but still managed to consolidate at the other S/R, so what in order to short it, the candle MUST close below the 44.33 mark. TP would be at the next S/R which is 39.85. IF it prints a BULLISH ENGULFING, then we may...
EURUSD SHORT Just simple use of S/R. Waiting for either a break below at 1.09723. if broken TP would be down to the next S/R which in this case is at 1.08747
USDJPY SHORT There are a few reasons I am seeing a Short/Sell on USDJPY. Plotted the S/R at 106.126 and currently held under it on the daily. UPWARDS TL was drawn off the H4 so once that has broken through and closed under it... that will be our entry. The candle must fully close below the TL in order for it to be a short. TP is at 104.660 which is a previous...
EURJPY H4 Descending triangle. Currently waiting for the break on the S/R at 116.381 in order to confirm its down movement. Once its broken through, we can proceed to TP #1 which is at 115.829, then proceed to TP #2 at 115.461 and lastly TP #3 at 114.442. Our main target for the long run is 114.442 BUT since im new to TradingView, im still currently trying to...
AUDUSD SHORT Seeing a few things here mainly just using S/R's. Most important thing here is the S/R at 0.76182. This line was not broken through and was tested but ended up closing below which gave us a good indication of a short coming. The target we are currently aiming for is the 0.7348 area which was a resistance in the past so now we are using it as a TP level.
SHORT GOLD 3 touch downwards TL(trendline) and also a S/R (support & resistance) at the 1329 mark. The market pushed itself to the TL to anticipate for the 3rd touch BUT ended up holding and fell back down. It's currently headed towards the 1329 S/R and from my perspective, its going to close below and that will be our indication for a nice short up to the 1208...