USDJPY I Potential break of 1 hour trend line SHORTWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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1hrsupport
USD/ZAR - Tentative Hello
with the Feds rate decision in play we see that the Rand is getting stronger. Going down to 4hr Support level.
One of two things could happen here
1. The rand could reach up again to close the future value Gaps noted on the 1hr timeframe. This will suggest that the dollar will recover. We will have to monitor the movement in this zone.
2. We could see a sharper movement downwards breaking through the 4hr support zone. This will give us good momentum for sell positions and we will move into the 18.0000 zone.
At this current moment my bias is more centered around bullish momentum as noted on the 4hr TF we had strong bearish momentum.
Remember price must correctly deliver both sides before we reach for any liquidity
Stay Safe
1hr Analysis on KMX(Carmax)This is my 1hr markup on the 1hr chart with KMX.
I have an entry above 138.55 with an initial take profit at 140..
If price pushes above 140, then I plan on holding back to 143-145.
I like this idea based off the the 200MA bounce(blue line) as well as the Daily Chart sitting at or around a 50% retracement.
Will watching over the next few days.
XRP 1HR Tripple BottomTriple Bottoms being one of my favorite plays, I have located one the 1HR $XRP chart. Solid bounces right of the support with ranges marked with Horizontal rays. Gives you a decent idea of where it can go with continued solid volume. This is my first publish, thanks for taking the time to check it out and read. Any recommendation are greatly appreciated. Thank You, happy trading. Go Green Or Go Home.
US30 4.28.21 AnalysisHey everyone, This is my first published chart markup for US30. Feel free to any advice, questions, or comments. Thanks
Market analysis: Bearish.
Price is currently in my golden zone area. I am looking for price to possibly come back to the 50%, then selling off down to the 1.
Currently price is playing around my 38.2 cont. zone. so keeping my eyes on it right now. If price closes below my 38.2% and shows me a sell candle, that may be a good sell entry for me. If not then waiting for 50 or 618 retracement.
Background Info:
My trading team and I are currently doing a 3 pair challenge where we pick 1 fx pair, energy/metal and indice pair. us30 being mines.
First I want to start off by saying this is a indice pair which moves very fast for me. When I trade indices, I like to do quick snipe entries and exits. Trailing SL.
I markup support and resis. lines on the 1hr chart and then place my fib. on a 15min chart.
Looking for entries off the 15 or 5min chart.