Market setting up nicely for a a play to the downside, possibilities on a small pullback is also evident. Use your own rules for entry to capture this opportunity.
Watch price action for both buy and selling opportunities as market may consolidate a bit. Use your own strategy and rules for entry. Likes, Comments and feedback are welcome as always.
Watch Price action for Short. Use your own strategy and rules for entry. Likes, Comments and feedback are welcome as always.
Watch Price action for Long Opportunities. Use your own strategy and rules for entry. Likes, Comments and feedback are welcome as always.
Price Action setting up Nicely for a Sell. Comments and Feedback welcome.
Price Action setting up Nicely for a Sell. Comments and Feedback welcome.
Price Action setting up Nicely for a Buy. Comments and Feedback welcome.
Price Action setting up Nicely for a Sell. Comments and Feedback welcome.
Price Action setting up Nicely for a Sell. Comments and Feedback welcome.
Price Action setting up Nicely for a Buy. Comments and Feedback welcome.
Here is a Trade review of GbpJpy and our thought process that went behind opening our position. Please like and comment if you found this informative.
Ranging market on the daily, 4Hr downtrend. analysis is to capitalize on the next impulsive move to the downside.
Wkly TF showing price rejection off a strong resistance zone, Daily TF in a confirm downtrending market. Overall expectations would be to short from weekly resisatance or to get a breakout beneath support. Personally I would be waiting to see price coming back to around $56.00 before looking to open a position now. As always your feedbacks are welcomed!
Anticipating breakout of 1.7500, however, market should provide a slight pullback prior to Breakout.
Price has been is making an pullback on the Daily TF also forming a descending Triangle. 4hr is also providing indications of a potential bearish Symmetrical triangle in the process, with price buildup around resistance of 1496, I've placed a sell limit order at that level to take price down to daily support. Any price acceptance above 1496, would invalidate this...
Monthly Uptrend (price currently testing Anchor. Weekly also in an uptrend, Daily is down however, price looks overextended along with being in a strong support area. Idea is for the market to provide some pullback, Pending order in place to capitalize on this retracement.