EUR/JPY - SHORT!Above shows an overview of the previous 3 years of the EUR/JPY. Above i have highlighted what i believe are a few key support levels in watching the meltdown of the EUR/JPY. The market has been consistently bearish for the past 12 months, and after the break of 120.00 we have seen a further decline to around 119.00. I believe once we see a break of the previous support set in 2013 of around 118.700 we could see a further decline to at least 117.00 very rapidly. Let me know your thoughts and trade set ups for this bearish pair.
Short-setup
GBPJPY Channel breakout with divergence confirmationIf the price breaksout of the bullish channel with an area of consolidation or a pullback to the previous SR zones for a last kiss we can expect a sell. If not, the price could continue to make higher highers and get rejected at the trendline. Divergence can be seen on the MACD 4C confirming the halting trend.
GBPUSD Bearish Trend Continuation TradeHere we see that previous structure support was broken and a lower low, lower close was formed (LLLC). I waited for the pullback and traded it, now looking for 3 take profit targets from using the fib. retracement.
Entry: 1.4453
TP1: 1.44073
TP2: 1.48785
TP3: 1.43318
Remember to roll stops to break even when first profit target is hit.
NZD/CAD ICHIMOKU Bearish setup Prices are below KUMO
Lagging span broke its own KUMO
Prices are below the trend lines
Resistance around 0.89700
I wouldn't trade if prices enter the red triangle (uncertainty)
Wait until the Lagging span crosses down the trend line before selling
1st target 0.86570
2nd target 0.86220
3rd target 0.85280
tight stop loss just above Tenkan Sen around 0.90300
Feel free to like/comment
Cheers
Jesse
NZD/USD, taking a short trade here. Chance for mega short! Here on the 4h chart we have:
1) a nice heads and shoulders set up with neckline below the trendline.
2) a good 61.8% retracement
Took a short on this pair at 0.6660, still awaiting for prices to close below trendline for further shorts. TP at neckline.
Lets hope this one plays out fine. Goodluck to everyone (:
Another bearish Cypher pattern setup 30 min timeframe on EUR/CADYet another bearish Cypher setup on the EUR/CAD 30 min timeframe.
Looking for price action to hit 1.5738 to complete the D leg @ 78.6% retracement from the X to C leg.
This area makes the entry zon area, stoploss should be well above X.
for Profit targets look at the 38,2% retracement from C to D leg for profit target 1
Profit target 2 shouldd be set at the 61,8% retracement from the C to D leg.
Always looking for feedback on my analysis, so be sure to comment !
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GBPCAD SHORT IDEAHi guys, just sharing my idea and seeking for advice too. As i see it ( you might not see it as i do ) we should expect some retracement of the major up trend that this pair is having. To justify that we have price going below 200ema, break of previous structure, and a possible head and shoulders pattern, our target could be 0.5 retracement, and zone of support and resistance, If price goes below this zone, we might test major trend line.
This is how i see this pair, every constructive opinion will be welcome.
As i am not an expert there is a big chance i am wrong.
Thank you for reading.
Happy trading.
Break below ema and structure on 4h
Aussie short to 127 or 161.8 extprice is at the top of a descending channel with a previous 2 touches. momentum is also bearish on higher time frames, if AB=CD then high probability of price reaching 161.8 ext in accordance with harmonic structure. MA are in correct positioning and 127 and 161.8 ext are in confluence with previous major support levels on weekly time frame. Risk-reward ratio over 3. stop above previous high 0.7748