We noticed that on the 1m timeframe price broke resistance that was being held even on such a small timeframe, as it was a new timeframe to trade off of, we used half risk when we executed the buys, with our stops below the 30m breakout candle, we secured 12 pips as price tapped into resistance before stopping us out at BE.
This analysis played out perfectly, Price broke resistance and created a support on the 15m timeframe, when the 15m candle broke the high of the previous candle after creating support, we executed buys with our stops below the current 15m candle and out 3 take profit points highlighted on the chart from before, all three TPs were smashed and price ended up...
Expectations are a rise. Instructions - if trade flat or has not moved in the next 2 hours, take small loss or small profit. Trade with caution, this is not financial advice. Entry: Market SL: 122.700 TP: 123.571
Expectations are a rise. Instructions - if trade flat or has not moved in the next 2 hours, take small loss or small profit. Trade with caution, this is not financial advice. Entry: Market SL: 123.436 TP: 123.991
Waiting for confirmations and support of levels marked out above.
Wicks thrown to the downside, means price is rejecting the downside movement.
so my thoughts on EURJPY it retraced its way back to the resistance level, and looking back it has touched that level like four times, seems like a pretty strong level to break. uhm the way it has retraced to the resistance level i'll be expecting a really strong movement on the down side, trust your insticts right? Have a profitable Tuesday. drop your thoughts...
EJ will turn upside from trendline Please support by liking , thanks
- Price reacting to major support level at previous extreme lows since oct. '19 Entery level- 116.981 SL- around 116.229 TP1- 119.223 TP2- 120.513 If price breaks above level 119.223
As mentioned, EJ unable create higher high at the resistance and start fall break the support line. i expected it will pull back 121 level and fall to another 118.676 level
We see a probable buy on 4hr targeting the descending trend line. Buying pressure currently strong.
I shared my analysis on EU & UJ, both can see their bullish momentum are picking up. Also, there's a clear HNS can be seen. Setup: HNS Confluence: CRS BRN Entry: Buy @ 118, SL @ 117.20 (80 pips), TP @ 120.00 (200 pips) TAYOR & Let me know what you think