Sell-signal
USDJPY Looks Bearish Today
USDJPY has reached a strong horizontal 4H structure resistance.
the price has formed a triple top formation on that and broke below a support line of a rising wedge pattern confirming the strength of the underlined structure.
now the price is trading outside the wedge's boundaries.
bearish continuation is highly probable.
first goal - 105.46
EURUSD SELL 75%EURUSD SELL
SL: 1.1920
TP: 1.1500
3% Of Account for Risk management.
WAIT FOR A 15 MIN TIME FRAME BREAK OF STRUCTURE BEFORE ENTERING.
Daily- Ever since it broke the structure at 1.200 it has been climbing, it's doing a retracement so we can see a pull-back once it reaches the 38% or the 60% it may even do 100%.
At the moment I only see this as a trade that will play out on the 4hr.
In this time frame, I Can see it reach 38% of the daily time frame before we start looking for a bos to start buying.
The 1Hr time frame is where we need to look for these upcoming days to place orders to the downside.
My projection is simple, to reach the 1.15000 area.
*USD/CHF* Entry & ExitBuy IF - candle closes above 0% level. Take Profit at the next level above
Sell IF - candle closes below 38.2% level. Take profit at the next level below
Note 1: for more accurate entry, wait for the next candle to test the broken fib level as support/resistance
Note 2: T/P is a one touch target. If the candle reaches the T/P level before closing, do not enter.
*GBP/CAD* Entry and ExitBuy IF: candle closes above the 0%. Take profit at -27% level
Sell IF: candle closes below the 38.2%. Take profit at 61.8% level
Note 1: (optional) For a better entry, wait for the candle to close above or below the mentioned level, and wait for the candle after to retrace back to the fib level. Enter on or close to the fib level.
Note 2: The profit target must not be touched. If the candle jumps/drops and hits our profit target before closing, then our entry is no longer valid and we should wait for the next opportunity.
Good luck!