USDJPYUSDJPY was trading in rising wedge pattern till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline of the wedge.
Now the price is retesting the broken trendline and broken support level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 147.35
Retest
UJ: “Break & Retest” Setup on “Momentum” Entry (18/100)System has identified a “B&R” playbook setup and a potential “momentum” shift market entry during the first hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 2R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
EURUSD - BULLISH SCENARIO 📈Hello Traders!
On The Daily Time Frame The EURUSD Price Reached A Resistance Level (1.05745 - 1.06170)
If the price breaks and closes above Resistance Level !
We Will See a Bullish Move📈
TARGET: 1.06880🎯
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ETH ANALYSIS🌸#ETH Analysis : Breakout and Retest ✅️ ✅️
🚀#ETH was following falling wedge patten on 1 day time frame and we can see a confirmed falling wedge breakout with retest which indicates a bullish move in #ETH.💲💲
🔖 Current Price: $1617
⏳️ Target Price: $2000
⁉️ What to do?
- We can trade according to the #ETH chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ETHAnalysis #Cryptocurrency #Breakout #Retest #DYOR
GBPJPY - BEARISH DOUBLE TOP PATTERN📉Hello Traders!
On Wednesday 16 The GBPJPY Price Reached A Monthly Resistance Level (186.098 - 186.805)
The Price Formed a Double Top Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET 1: 180.750🎯
TARGET 2: 178.700🎯
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AUDNZD - New Breakout ! 📉Hi Traders!
The AUDNZD Price Broke a Strong Daily Support Level (1.07720 - 1.07252).
Currently, This Support Level Becomes a New Resistance Level.
The Support Line is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 1.05800🎯
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GOLD - Important Breakout 📉Hi Traders!
The XAUUSD Price Broke a Strong Daily Support Level (1875.550 - 1903.865)
Currently, This Support Level Becomes a New Resistance Level.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 1820.000🎯
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EUR-NZD Short After The Retest! Sell!
Hello,Traders!
EUR-NZD is about to
Retest a broke key
Horizontal level of 1.7705
Which is now a resistance
And because the pair is in
The downtrend we are
Bearish biased so I think
We will see a move down
Sell!
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Check out other forecasts below too!
GBPJPYGBPJPY was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 181.80 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
💱CADJPY - A retest of support will send the price down CADJPY breaks uptrend support and after another correction forms a signal that suggests that the market is preparing for further decline
TA on the high timeframe:
1) After breaking the 109.268 support, a correction is formed. In the medium term, the price may test this line before further growth
2) The market is interested in the liquidity area below 109.336 and 0.5 Fibo level.
TA on the low timeframe:
1) A break of trend support is forming - a risk zone for price. The market is rebuilding
2) The level of 109.938 is formed and after a small correction to 110.3 the price returns to the support and forms a signal.
3) Breakout of 109.938 and price consolidation below the level will form a sell signal.
Key resistance📈: 110.37
Key support📉: 109.938 and 109.226
Retest support and creating third wave (EW) | Long BiasChart 4H TF
Maverick has done the first and second wave, it's been creating the third wave.
Now, BINANCE:MAVUSDT is trading at 0.229
MAV is moving down to support around 0.222 and if it can through this level, it'll be down more to lowest at 0.198
I wait for reaction around 0.222 first
Time will tell
XRPUSDTXRPUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 0.5070 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
EURNZD - Bearish Rising Wedge 📉Hello Traders!
On The Daily Time Frame, The EURNZD Broke a Support Level !
The Price Formed a Rising Wedge Pattern !
The Support Line of The Wedge is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 1.75750🎯
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NZDJPY - New Breakout 📈Hello Traders!
On The Daily Time Frame, The NZDJPY Broke a Strong Resistance Level (88.310-88.693)
Currently, This Resistance Level Becomes New Support Level.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 89.350🎯
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