Priceactiontrading
EURJPY, Daily TF, completion of Wave-3We completed wave-3 to the upside exactly at weekly resistance level 134.00.
I think we will soon see price going down to retrace for wave-4.
It could go from 130-128 depending on the fibonacci retracement level whether it is 38% or 50%.
Sell EURJPY 133.70
Stop loss 134.40
Take profit 1 at 131.00 (3.8R)
Take profit 2 at 128.00 (8.1R)
Use only 1-2% risk
Good luck
GBPUSD OVERVIEW for the month of June GBPUSD Overview -
Monthly Closure - Strong Bullish closure previous resistance level (very similar situation to GBPAUD)
Weekly chart - market structure broke previous level of resistance and is creating a new HH, previous candle closure bullish ( however, not the strongest bullish candle)
Daily Chart - Overall in an uptrend, stalling at previous resistance level.
H4 Chart - previously ranging, had a break above the range's resistance! Currently retracing
30m chart - we had a break of previous level of resistance, and started pulling back! Could this retrace to the 100% fib level which is the last level of support and if a rejection does occur from this level would create a double bottom around the H4 61.8%...
EURAUD, daily tf, hanging man candle appearsPrice previously broken above the marked yellow resistance area and go up for 160 pips.
In my opinion we haven't see any retest to this resistance as a support and we might see one soon.
There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up.
Notice also the previous daily candle close looks like hanging man candle indicating sellers could be in control soon.
Sell EURAUD 1.5790
Stop loss 1.5840
Take profit 1.5665 (2.5R)
Use only 1-2% risk
Good luck
EURJPY SELLPrice broke out of the HTF correction correctively
Waiting for price to break out of LTF correction for an entry
EURAUD - SELLPrice moving in a bearish corrective pattern on the LTF
waiting for a breakout for an entry
