EURJPY Hitting resistanceEURJPY looks to have some room to the downside. To buy the pair we would need to clear the red resistance block + Gann level and break 123.00, Should at least see a sell to around the 150 MA
Level
We can use different strength for support and resistance levels.We can use different strength for support and resistance levels.
Such as Support level from lower strength and Resistance level from higher strength.
Where or when were the current supply & demand zones formed? You may track back to 10 months ago
Long on EURJPY at a pivotal levelPrice has just hit a pivotal level S3 and also a significant trend line. Stoch is below and RSI is way oversold which further indicates the significant level. I'm looking to go long on this.
BO strategy on usdcadIn my opinion it can be a short position. WHY? The price had reached an importnat level, volumes are low, and at the end there's not a divergence on the stoch. Last thing we have got an outside bar, we have to wait another close in a small timeframe, wait for the break out of the level and the outside then we can open a position
Io digital crypto fibs 50% and 38.2% important level to watchWe can clearly see that the pair has really serious problem to go thru massive support created between 50% and 38.2% Fibonacci levels based on first and second bullish wave. For the last 6 months every attempt to go thru this level was rejected by market. Level 38.20% is align with round number .00030000. 200 EMA is also holding further losses since begging of February till now. I set SL just below 0.00027500 level with TP around 0.00088000. Safe TP area is near highest highs from the beginning of September.
0.0002750 level was tested two times with doji candle 25th of September and morning star formation created 4th of December in 2016.
..in my opinion the pair created flag pattern which in near future should act as a prologue for further gains in value and eventually reaching 0.00090000 level.
GBPMXN Weekly and Daily - important levelsPrice on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level.
Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level.
Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both millionaires (the minority) and paupers (the majority) of traders. No liability accepted for any losses suffered. Paper trading accounts are recommended for those who wish to experiment.
short opportunity in eur gbpSimple. The price reached an important level 0.85817, it touched it 3 times forming a 3 top. The shadows and the smallness of the candles indicates that it's difficult at the moment for the price passing that level. This triple top is not very beauty but we have RSi suggesting a divergence, volume increase at the trendline breakout and at the end the trendline breakout. we can't predict the future, we only can be in the present moment
USDCAD - SHORT SELL LEVEL 1.34290
--
1. AB=CD PATTERN
2. RE-TEST OF PREVIOUS LEVEL
3. 61.8% PREVIOUS TREND FIBS.
USDCAD - SHORT LEVELSHORT LEVEL : 1.34600 & 1.35000
-
WE CURRENTLY 3 PATTERN ON THIS
CHART.
1. AB=CD PATTERN
2. GARLTEY PATTERN WOULD BE DONE
AT THE SHORT#1 LEVEL.
3. BAT PATTERN WOULD BE COMPLETE
AT SHORT ENTRY #2
-
THIS CHART IS ONLY IF USDCAD KEEP
GOING UP AND IF SHORT ENTRY #2 TRIGGER MY TAKE PROFIT WILL BE 1.34200.
AUDNZD - WAITING FOR SHORT OPPORTUNITYWe might see a beautiful BAT PATTERN
on AUDNZD.
I will try to wait and see if we could catch
a AB=CD pattern in to the formation
of the BAT PATTERN to add another
confirmation to this setup.
I also see that the COMPLETATION LEVEL
is also a STRONG WEEKLY LEVEL.
Harmonic setup on EU dailyWe can see that price is currently in an uptrend, heading to 1.0980: a key level, 0.618 of the latest weekly swing down, and completion point for an AB=CD pattern. Looking for a daily candle signal at this zone to enter any shorts, riding the wave up until then.
EURNZD ideaprice has recently broke weekly level turning it into support,
if price is retesting the level and will bounce, i expect to see further bullish movement
if it breaks the level, we may see bearish movement further down
I am looking to long USDJPYUJ failed to make new lows indicating a retest of January highs is possible. I will be looking for a long opportunity for this pair. If you check my previous posts on UJ, I have been looking for Long opportunity for the bigger time frame.
Trade with care! :D
