Wait for the breakout / confirmation then long towards the top of the trendline.
We see AUDNZD Breakout of a weekly correction pattern. Stops and Targets shown.
Valid Short Setup reaching the top of the channel of a bearish correction. 35 pip SL.
Price broke above trendline with a nice impluse move forming a new high. Now we see a retest of the resistance turn support zone. Its a good opportunity to take a long trade with a nice R&R ratio.
For EURJPY, we are currently at the bottom of a daily ascending channel. Personally I will be looking to Long this pair on the breakout, with a nice R&R. However, a clear break below the trend line will let us see the price to move down to 123.40. Cheers.
Head & Shoulder Formed on the Daily chart. Break of neckline, now retesting the structure. You get in a Risk Entry with a nice R&R or alternatively look for a clear Sell Signal. Keeping things simple as always. Do like the idea if you enjoy what you're seeing. Cheers.
Looking for long opportunities. Refer to previous set up.
On the weekly side of things, we are currently at a extended corrective phase, forming a descending channel. Short term will look for short opportunities to the bottom of the channel, then look for potential buy signals at the bottom of the channel. Keeping things simple as always. Do like the idea if you enjoy what you're seeing. Cheers.
Hi everyone, just a clean & simple overview of USDJPY. We saw a 3-Year correction happen after a 3-Year Bullish Impulse Leg. I personally do not swing trade, but right now we are at a very high potential week/month where could be the start of a new impulse leg. We can look for more long opportunity under smaller timeframes. 1. Correction of 50% Fib 2. Break of...