EURJPY Potential Bat PatternPrice likely to reach support.
we can expect price to complete bat pattern.
we can try to catch this movement, find best entry when price make some pullback.
Patternception
GBPCAD Sell SetupPrice coming to Weekly resistance, so we can expect some rejection from this level to get some sell setup.
Price potentially create head and shoulders pattern on H4 Time Frame.
for entry setup, price potentially retest structure area and complete bearish cypher pattern.
AUDNZD Sell SetupPrice retesting resistance area and we are trying to find opportunities to sell.
On stochastic, we see a bearish divergent which indicates a weakness.
However, to jump into sell we need to wait for the price to break the trendline first.
Only after that we look for a setup by waiting for the price to break a small correction or waiting for the potential right shoulder on the head and shoulders pattern.
EURUSD AnalysisPrice may crawling to the upside to complete these patterns :
- ABCD
- Butterfly Pattern
- Cypher Pattern
So we can wait the rejection in the cluster area to take a sell
USDJPY BuyPrice potentially bounce from S/R area.
as we have some reasons :
- Cypher Pattern
- ABCD Pattern
- Trendline
- S/R area
EURJPY Selllook for bearish continuation in this pair.
price make consolidation around trendline area.
Sell if price break this consolidation.
SL : red line
TP : green lines
Manipulation Scenario :
1. Support was tested several times and finally (looks) a breakdown. Maybe some traders will sell on break support.
And put SL a little above the candle that breaks the support. But the price made a pinbar / hammer, went back up and touched SL.
2. After the SL is touched, the price finally breaks the trendline and closes above it.
Traders will think this is a false break with the trendline breakout confirmation and become a best time to buy with SL just below the previous low. However, prices fell back and touched SL for the second time.
3. After the SL has been touched, the price create a pinbar which is an indication of buyer's pressure.
Traders might think not to be fooled once again and think that the support is really broken and decide to sell in the SBR area with SL above the previous high. But again, the price was not friendly and touched SL once again.
4. The price finally made an upside impulse and formed a bullish pennant which became a continuation pattern.
With this pattern the trader should take a long position. However, due to doubt and don't want to become a victim of SL for another time, trader decided not to open a position. And the result is price actually goes up without being able to get some profit.
After being hit by SL several times it does disturb our emotions as traders, but if we have calculated each risk of SL before jump into trade and put SL which suitable with our risk tolerance, it shouldn't be a problem.
JUST ENJOY THIS PROCESS
NZDCAD Sell SetupPrice try to break support and now pullback to SBR area.
For pullback trader, this is the time to short it.
But I prefer to sell after break the low for a confirmation
CHFJPY Bat Pattern Eventually Head And Shouldersprice complete Bat pattern and give us sell opportunity.
But i think this is bit too early to sell now.
because we have another neckline and trendline support.
I prefer wait until price bounce and complete potential head and shoulder to sell
USDCAD BuyPrice Rejected from support level on daily and made two bullish candle
we can try to catch upside movement.
wait some correction and buy on break will become the setup
USDCAD Sell SetupPrice couple times failed to break the high. and now price break trendline instead.
we can try to take a sell.
wait some correction and sell on break
EURCAD BuyPrice trying to make another upside movement after some transition.
and now making a correction around the S/R level.
Buy when price break yellow trendline and close above it.
SL on Red line
AUDUSD SellPrice still moving inside big correction channel and currently back to retest upper channel.
We need to watch the price wheter it can break to the upside or back to the lower level.
we can take a sell when price break S/R level and sell on break correction
EURUSD SellPrice facing resistance level and we look for another sell setup.
Sell on break flag.
RR on chart
CADJPY AnalysisCADJPY is try to keep going upside and will face nearest resistance.
this nearest resistance will give some rejection and potentially to create ascending triangle pattern.
But if this resistance broken, price will have bigger opportunity to reach the next resistance
USDJPY Trading IdeaIn the previous idea, we're succed to catch upside movement.
Now price retesting previous high and we can try to catch another movement.
wait until price break trendline and S/R level, make sure price make some consolidation before take any sell entry.
NZDUSD Sell SetupPrice still moving inside the channel.
price has tested the upper channel and rejected.
it may going down once again.
to get into sell, make sure price make some correction and watch for breakout.
EURCAD Buy SetupPrice try to retest support level once again after some upside movement.
we can buy when price retesting support level and complete bat pattern.
CHFJPY False BreakIn the previous week price tried to break resistance, however price failed to close above the resistance level and make a false break.
Based on this reason we can try to take a sell position after price break minor correction.
But we need to beware on opening market this monday. If price make a gap up. we can wait until price show some bearish pressure.
EURUSD AnalysisIn the previous idea, we predict that price would breakout the channel.
and currently price still under correction.
we can wait another downside. but we need price to complete the correction before another sell.
watch for to retest grey area and break the previous top to complete the correction.
61.8 level will be a good level.
find best entry on smaller timeframe
USDJPY Buy SetupAfter some downside movement, price finally break trendline.
And now currently price making a correction. we can expect this correction will bring some upside continuation.
Buy on break will be our setup.
RR on chart.
Green lines will become take profit level 1 and 2
EURAUD 2618 Trade Setupprice complete double bottom and RSI shown bullish divergent, so we can expect reversal from this.
find 61.8 level pullback to catch 2618 trade setup.
61.8 level will also retesting structure support.
find best entry on smaller timeframe when price touch that level
USDCHF Buy SetupPrice rejected one more time from neckline area.
And now price potentially create inverted head and shoulders and Butterfly pattern.
Complete butterfly will also retesting 61.8 level and support level.
from this area we can try to find best entry to buy.
