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Medianlines

USDJPY: Price Bounces at Daily Resistance LevelPrice has bounced at the sliding parallel of the median line set at a level where in addition it meets previous structure resistance. Looking at the lower timeframes what we may see is that after bouncing at resistance, price broke below the short term uptrend it was moving in. Be patient and wait for any sell setup competion while price will retrace into a correction (flag, head and shoulders, bearish harmonic etc). Taking a sell here and you will be in a great trade. Hourly Chart:
Short
by Fxprotrader
5
BitcoinCash: Rejection at Key Support LevelStill waiting for BitcoinCash to move to higher levels, reaching previous highs like 2800, we now have a very nice level to watch for longs. Price seems to be heavily rejected at a key support level consist of previous structure and the sliding parallel of an upsloping median line set. In case we get a buy setup completion I will post it in my newsletter to get updated. Feel free to like and share your thoughts below, John
BLong
by Fxprotrader
10
GBPJPY: Buy Setup at Key Support LevelLooking at the higher timeframes what we may see is that the downtrend is showing signs of weakness with support levels stepping up. In addition to that, we see a bullish divergence in RSI another tell the downtrend is losing its momentum. From structure, we draw an upsloping median line set with a valid slope and we already have the sliding parallel below the lower one acting as support. In case we have the retest of the sliding parallel it will be a nice idea going long with GBPJPY. Sl and tp as shown in the chart. Feel free to like, comment and share your thought! Trade with care, John
Long
by Fxprotrader
5
EURJPY: Bearish Divergence & Pending H&S Almost in the same concept with my USDJPY andlysis (link below), price in EURJPY is developing a H&S pattern and my focus is on joing a sell trade at the highest level possible. Swithing to the 240min chart we see a downsloping median line set where the upper quartile has acted twice as resistance. In case price reaches it start watching for a sell setup completion and cross yopur fingers waiting for the H&S to complete. A bearish divergence adds to our analysis that price is about to sell off 240min chart:
Short
by Fxprotrader
EURUSD: Resistance Holds, Correction Ends (#3 Trade)Price broke below the corrective structure it was moving into, after founding very good resistance at the sliding parallel of the descending channel. Going short in case of a pullback and restest at the sliding parallel is what I tend to do. Setup: Sell Entry level: 1.16305 Stop-loss: 1.16908 Profit target: 1.15026 Risk/Reward: 2.15:1 Total account (units): 99 Risk 1 unit Trade with care, John DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Short
by Fxprotrader
3