Bullet
Recent High/Low of USDJPYI did not manage to forecast yesterday, but luckily nothing crazy happens on Mondays. Here we are looking at a possible sell set up on UJ. I see 2 possible scenarios:
Scenario 1: Price breaks the 108.096 zone and retests it , giving us a sign that bearish momentum is starting to pick up.
Scenario 2: Price breaks the 108.389 after creating a new recent high, that means adjustments of the low as well, which I predict should be at 108.389.
Either way, I will looking at what the market is showing me.
Recent High/Low of EURUSDWith a channel forming and the wicks becoming more prolific, I am definitely waiting for the recent High to be broken and a retest to happen within the 1.19462 zone. As simple as that. This might be the end of the current downtrend (L,H,LL,LH) and start of an uptrend(H,L,HH,HL). Probably looking to get in with a 15 pip SL and will be trailing my SL till the trend exhausts.
However, you need to be sure that a reversal is occurring so that break and retest of the 1.19462 zone is essential.
God Bless, Run up the percentages!
Recent High/Low for EURJPYEJ has been quite corrective so I will be very cautious with my entries on flag formations. However, I do see a POSSIBLE set up. I am waiting for a HL to be formed and the previous High to be broken within the the RECENT levels I have on the chart. Once that happens, I am good for entry.
However, as stated, EJ is super corrective so I am not committing too hard as anything can happen. All I can do as a trader is analyze and execute.
Goodluck out there.
Recent High/Low for AUDUSD (Weekend Prep)The Current Market Space is not ideal for me to trade, so I am waiting for the recent high/low to be broken and a flag to appear once price has impulsively broken these levels. I trade the flag differently from the conventional teachings, because the way I trade them allow me to reduce my risk as soon as possible and allows me to ride the momentum of the trend till exhaustion.
I would have had a different opinion if there was not a huge wick . I look for clear price action and this didn't fulfill my criteria.
I am neutral until the high/low are broken.
Goodluck for this week Traders.
SILVER: How to miss 100% gains!Loadsah people are occupied with Gold and Bitcoin etc. That's fine - cuz people go where crowds go. I'm not 'people'. I go where there is a better chance of gain for lesser risk.
I explain why I see Silver as the big one on the horizon.
Disclaimers : As usual no guarantees. If you cannot stand losing money don't do trading. If you lose your money sue yourself.