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Short-setup

Huge downside potential for GJ, find out why here...Hey guys hope you are all well! I have a nice clean GJ set up here ready to start the week strong! Strong support identified on the Daily timeframe @143.00 Intraday support formed on the 1H timeframe @144.300 Range identified on the 1H / 30 minute timeframe. On Friday last week, the daily candle closed bullish. Price reached 144.900 before starting to reject the area (more clearly seen on the 4H chart). Moving down the the 4H timeframe, there are clear candles rejecting 144.900, but price action does not give enough information to gather an opportunity to get involved in the market. On the 1H timeframe, price action is more clear, I can see where the market had bounced off the intraday support level @144.400 during the London session and the bullish momentum was still in full pace all the way through the NY session where GJ has created a fresh yearly high (144.900), from looking at the 1H timeframe I can also see more clearly how the 4H bearish rejection candles formed. A range has also been identified on the 1H timeframe which had formed leading up to market close on Friday. I expect GJ to breakout of the range to the downside to at least 144.290 to perform a correction after setting a new yearly high. It is all down to how the market plays out during tonight's Asian Session and tomorrow's London and NY sessions. Let's smash this week plenty of opportunities ready to capitalise on! Feel free to leave a like on this post if you agree with my analysis! Be sure to follow me for notifications when I post new analysis!
Short
by ShaunGadd02
1
Can EUR/JPY breakout of range @126.040 in tonight's Asian Open?EUR/JPY has been moving in a strong uptrend for the last 24 hours, and has come up to a strong resistance zone @126.120 a few hours ago. From the resistance area @126.120, EJ has rejected and started to move in a sense to the downside, but due to invalid market volume, EJ has found itself in a tight range between 126.040-126.120. The next time volume will come into the market is at 11pm GMT on Asian open which should push EJ further to the downside towards 125.940. If there is a break of 126.040 and a bearish candle closes either at or below this level, then there is a high chance for EJ to continue to the downside. I will update this idea if an entry point becomes valid. Feel free to like this post if you agree with my analysis. Follow me for notifications when I post.👍
Short
by ShaunGadd02
1
STAY LIVELY! Can a single candle mean something?Patterns tend to repeat themselves. There is an interesting similarity happening here. Bear in mind that the markets are random but do hold hidden patterns. Caution and controlling loss are the big priorities. Positioning the next. I'm stalking this situation very carefully. No predictions today or at any other time. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
U
by Captain_Walker
2