EVERY TIME-FRAME IS SCREAMING BUY! ...LET ME EXPLAIN...Last months close was a faultless pin-bar candle close which shows a lot of significance. A neat formation of higher highs and higher lows on the weekly. Zooming into the daily we see a nice rejection off of the 61.8 fib. The H4 time-frame presents us a break of a ctl which has actually created a HH if you look carefully. As of now on the H4 we are in a descending triangle formation. A simple entry would be to wait for a break of this chart pattern and enter a long position. + 1M, 1W, 1D ...Moving averages are all bullish.
Priceaction-signal
NZDJPY Looking for a Bearish Bounce-back (300 pips)Hey all, what we can see here on the NZDJPY pair is that it has been oversold to the point where it looks like it might be breaking out of the pitchfork pattern. As usual, I plan to play the odds - which in this case involves the pair diving back into the pitchfork formation.
USDJPY - many bearish signalsOn the daily chart we can see how the price, after a sharply upward move, stops near an important resistance.
After a nice white candle, we can see how the price action shapes a long legged doji, after that it shapes a reversal hammer (not so nice).
Furthermore, these two reversal signals shape a tweezer top.
Thus, we have different reversal signals that can give us short opportunities, so we could take advantage from that by selling US Dollar.
Using Fibo we could put our TP at 23,6% of the previous swing and a SL above 111.36, for instance at dashed line.
If the price continues its ascent, we can buy when price pierces the resistance line with TP at 123,6% Fibo or near next resistance line at 114,431 price level, whit a SL at 111,442 (the nearby resistance line at current price).
I will happy to see comments and suggestions to improve my analisys.
Thanks.
AUDJPY Price Action makes a Clear DirectionPrice respect a downgrade channel. In today candle we can see a pin bar which formed in resistance of channel, also horizontal resistance zone near 80.30
You can enter 50% level of this pin bar. SL will be above pin bar, our target will be next support zone which is 76.00-76.50
Happy Trading....!!
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