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Rejection

CHFJPY - TRIO Retest!CHFJPY is overall bullish trading inside the blue and green daily channels. I find the upper bound interesting as it is the intersection of the upper daily trendlines in green and blue, and the upper weekly trendline in brown. The highlighted purple circle is a strong area to look for sell setups as it is the intersection of three trendlines. Which I call " TRIO RETEST " As per my trading style: As CHFJPY approaches the purple circle area, I will be looking for reversal sell setups on lower timeframes (like a double top pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
EURJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. As per my last analysis (attached below), EURJPY is sitting around a strong resistance in green so we will be looking for sell setups. on H1: EURJPY is forming a double top pattern but it is not ready yet so we will be waiting for the right shoulder to form (projection in purple) Trigger => Waiting for the right top to form then sell after a momentum candle close below the gray neckline. Meanwhile, until the sell is activated, EURJPY would be overall bullish can still trade higher inside the green resistance. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
12
USDINR set up for a bounce?USDINR has met a perfect confluence of lower trendline support and horizontal support on the Daily, and has just seen a small bounce of this support as confirmation. Before the bounce we saw RSI drop to 26 on the Daily and even lower on the smaller timeframes. In our last idea we predicted an incoming bounce, with potential to drop to this horizontal support level before the bounce occurs. If we see further positive movement it creates a strong risk/reward opportunity, so setting a stop limit order a little ahead of the current price with a view to catching the early stage of a reversal after confirmation could set us up for a nice trade (NOT financial or trading advice).
ULong
by HayeTrading
8
CHFJPY Short Opportunity Scalp IntradayWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! **CJ Short Opportunity - top of 4 hr . channel, price in reversal zone, due for correction, wick rejection in key area. Enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
USDT DOMINANCE ON A HEAVY RESISTANCEWelcome to this important USDT dominance update. Guys look at this USDT dominance chart in 2 days timeframe. I think it’s time to accumulate BTC and altcoins. Dominance is on the verge to fall. We have strong resistance at 5% and it is highly likely to get rejected from here. The RSI is overbought and eventually it has to come down. BTC and ETH on the other hand are holding good support. If the dominance breaks and daily close above the resistance level then I will exit all my accumulation. This is something that could happen but my biased is towards the rejection of the dominance. What do you think about the USDT dominance? Do you own research before investment. Note: I am accumulating all my trades on spot. No leverage trading as of now. Trade safe.
CRYPTOCAP:USDT.DShort
by Dexter_The_Trader
NZDCAD Rejecting Support AreaWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! **It has reached a previous weekly level last visited May 2020 and rejecting. It appears the weekly bearish impulse has completed, and a long correction will begin from the current support. Do you agree? Let us know your thoughts in the comments! Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy