This strategy follows a multi-timeframe approach, using the 4-hour (H4), 1-hour (H1), and 15-minute (M15) charts. We start with the H4 timeframe, which gives us the overall market direction. It’s important to trade in line with this timeframe whenever possible. If there’s no change in direction on the H4, we move to the H1 to guide our next trade decision. If...
EURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements...
this is just a follow up post on this initially called EG set up. Price decided to respect the zone, I've placed my breakeven appropriately . initial setup attached.
price seems to have respected a key demand zone , buyers may take over the market to the upside .
i can see price pumping up to meet the nearest significant supply zone, be the bears can dominate the market.
AUD has been oversold in the past three weeks. i was able to ride the downtrend . bulls are now slowly taking dominance
I think Tokyo session will range around the previous NY highs, London will push higher to stop hunt, then upcoming NY session will push to the liquidity around 1.074 Just an idea, curious as to how markets will react with CPI right around the corner.
Bullish confluence at the end of day. Potential buy to sell setup.
hello dear traders, 6J1! is going finally up (bullish trend ) and that is good news ,and as probabilities shows that market will have a strong resistance, and there is a 20% that in that resistence market will be back in bearish trend, but in other way probabilities shows again that there is 80% that market will break that resistance to become a support and in...
After a past long ranging period , we can observe that the KDD CORPORATION curve in 30mn has been at first descending. After a short period with flat movement we observed a change in direction, seeing now the market going up back to the former ranging zone. We see that there is a huge amount of fight between buyers and sellers. For the time being, ...
On a larger view we can see CADJP has been down trending, but since rallying, last week and has now broken out above a key zone I believe we can expect price possibly pushing to previous highs and give us a 50% of breakout candle/retest of previous highs as support to give a great buy opportunity to the upside given a price action reversal as entry confirmation.
I will not go into details on this one. Bottom line is, I am impressed with Otsuka's vision and its recent developments - and many other things which I will not explain here. I will be entering a long position soon, watching the action at these levels. This is will be one of the stocks I would recommend to add to your stocks portfolio. -Keep it Real-
Trend's Resistance was broken looking like a solid buy. Who can agree?
NZDJPY Long to the next top most Resistence zone at 83.00
Short USDJPY if it breaks out of the flag towards the downside
After a powerful bullish trend the FX:NZDUSD shows a nice indecision candle on top of a resistance area. From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do? I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 ...