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Quarterstheory

$EURGBP #EURGBP - Intraday Trend Trade, Long into .9100/.9125entry - (0.9075) Wendesday Early morning London / Pre NY orderflow SL / invalidation - 25 pips (.9050)... cut the trade below this level if it does not go to script Profit Targets: 1:1 - (.9100) 1:2 - (.9125) or leave the second order open and trail sl 1:3 - (.9150) or leave the third order open Euro looks stretched so I'm not gonna push it too too far but I like this coming into .9100 + based on current market flow & sentiment + technical market structure, current 4h / 1hr / 15m trend as well as the candlestick volume and reaction off my levels (.90525 institutional ICT OB SMT SMC liquidity tap, no sellers below .9050)
by ZeveJL
Head and shoulder trend reversal on EURGBPOn the weekly timeframe we can see many rejections and reversal candles on the 0.90000 thousand pip quarter point showing us possible reason for a reversal of the trend. On the daily chart you can see an ascending triangle forming for a breakout, and a shooting star candlestick right at the 0.9000 level to further confirm a bearish trend. Now down to the 4 hour chart you can see a possible formation of a head and shoulder pattern but still only in the right trough and needs to form the right shoulder. Retracement from the most recent swing high to the swing low shows a 50-61% zone right where the right shoulder should find resistance for a lower high. Taking a sell here is a little risky, but with the addition weekly and daily price action analysis we can learn towards a trend reversal. When it comes, watch for break of the neckline from the troughs of the two shoulders.
Short
by rcoyle96
USDJPY, Potential BUY STOP, breaking and retesting trendlineWe can see that USDJPY has broke the trendline of resistance in yesterday's session, as The Fed's rate decision rallied the U.S. Dollar. The price action so far in today's session is looking to come back below the trendline. In tomorrow's session I would look for a pin bar, with the wick reaching below the trendline. A bullish engulfing candle unlikely as the low-high of today's candle has a range of 50 pips. Now, if we see price move up to 109.00 we could get hung up there as this is a whole level (quarters level) and we have previously seen 2 taps of resistance. If price action goes bearish here, sells are in place, and we would likely see a doji candle before the market reverses. If we see strong bullish candles past 109.00 I would look for buy entries. In these trades, my risk is around 30 pips, and targets at 75 pips.
by tradetoprofit