Possible short trade setup being formed. This analysis is based on trend lines , price action, support/resistance zones and sentimental information. It is a high probable trade with an extremely small risk to high reward ratio. I'm really looking for the SELL. If I get stopped out I would be looking to re-enter. Enjoy!!!!!
dopo il crollo incredibile del 2 gennaio con il flash crash inaspettato e violento, la valuta Canadese contro lo Yen si appresta a risollevarsi.... target n°1 alla portata, vedremo se riuscirà a raggiungere anche quota 79.800 nel breve termine
Hey Trader :) AUDJPY broke the ascending trendline and retest it. Wait for a lower low/lower high.
We are in a correction looking to break out. I am suspecting a little more down before a move up to break the blue trend line. If price drops below the last low 79.045 I will draw a trend line 80.453 pivot and trade a break out of that LTF TL. If price drops back to the .50 near the green daily TL I will watch carefully for a bull signal. (a higher risk...
Keep your Trading Rules 1. How did price leave the level? 2. How much time did price spend at that level? 3. How far did price move away from the level before returning back to the level?
Fib extension confluence along with structural resistance
Current situation: - Price is at minor resistance with more resistance above - Price is in a long-term downtrend Looking ahead: - Waiting for the price to break down from the 76.25 area and move lower - Price has tested support at 74.75 three times. A break would be significant. Notes: - Aussie employment numbers release on Wednesday. The forecast and...
A clean break of the 79 level would see price head towards the 77 level. We have already seen a break and retest of the 80.50 level where price has headed south and bounced of the 10 EMA. The long term outlook for this pair would be past the 77 level where we have the potential to reach the 75 level. However if price does not break the 79 level we could see...
Broke out of strong support level, short on retest.
www.midasrocketsciencetrading.com
Not sure what this means or if its a sign of things to come but the AUDJPY which have historically been highly correlated are now dramatically diverging. I would say this is a bearish sign as typically drops in the aud/jpy represented a risk off atmosphere.
Orange dots = entry points Blue lines = targets good luck
Hey guys, This is my first publication using harmonic patterns. It seems there is a bearish bat with this pair at the levels I have highlighted in my chart. Feel free to comment or share your thoughts! Cheers
sell @ 0.8624 for 0.8574; stop @ 0.8724 To see more ideas, check my blog
Even though prices are below KUMO they have just broken a trend line suggesting bullish momentum. Prices also hold pretty well above the KS (purple line) which is a strong support. Prices could move to higher levels from here. tp1: 84 tp2: 85.813 Stop loss should be placed on the KS at around 81.950 Good luck y'all
Its been a while since my last post, mainly because I have not been finding many high probability, high R/R since the market has been really slow the last couple of days. Here is one very nice trade for you guys. AUD/JPY ascending wedge pattern with RSI divergence. These types of setups most often break to the downside.
We will be having a double top at level 88.06 perfect for short position. first target to be seen 87.58