Tradeatyourownrisk
USDCHF- LEG DOWN?According to multiple different time frames, USDCHF has been rejecting the .91750 zone multiple times. Just recently, price has rejected thus price again. We can more than likely enter a position with a proper S/L and about a 80-120 pip TP. This is not financial advise, just a speculation.
EUR/USD SHORT - DAY TRADING STRATEGY EURUSD
From 1D chart, we can see that price is still downtrend. Recent price broke the support (SBR) @ 1.16 BRN zone.
1H - Tweezer top formation. A valid sell Reversal Signal formed in the SBR zone.
Potential SL @ 1.164 - 1.165
Potential TP 1 - 1.1580
TP 2 - 1.1550
Make sure your RRR is at least 1:2
Trade at your own risk (TAYOR)
USD/CHF LONG [DAY TRADING - SMPLE TREND CONTINUATION PATTERN] FX:USDCHF
Day trading analysis.
Price is making higher highs. Currently price is retracing (HL leg formation). We can see there is a Gred B bullish engulfing which might be the potential HL leg point.
I'm looking for long opportunity somewhere around 0.994 - 0.995. For safest entry, always wait for CRS confirmation at 1H / m15 time frame.
SL 30 pips and TP 2 times of SL.
TRADE AT YOUR OWN RISK
USDJPY LONG (DAY TRADING STRATEGY - COUNTER TREND TRADING) FX:USDJPY
1D - Overall trend is still uptrend. However, price formed a low last week and break the support @ 112 BRN zone. (SBR)
Price might turn to downtrend based on this pattern. However, based on price movement behaviors... usually price will retrace back to 112 then only continue it's downward movement. On the other hand, if currently is the retracement for uptrend... then we have confluence of BRN zone + RBS zone + TL on 111.00 level. Either way, it is a good opportunity to long and target at 112.
In 1H time frame.. .We can see the harmonic movement of price moving up. More upward movement we can observe. Anyway... we kind of a bit late to enter the market as the price is already rallying.
Target buy limit @ 111.10
SL @ 110.70
TP 112.00
RRR at least 1:2
Trade at your own risk (TAYOR)