USDJPY #Forex #ForexTrader #ForexTrading #ForexChartUSDJPY - shorts or longs on 15min take your pick
I'm more inclined to go short due to higher TF's still being bearish, but with US trade talks looking positive and JPY seeming to weaken last week it could turn the tables
Lets see
Any questions drop me a message or a comment im happy to help
Ben
#PipGainFX
Trendcontinuation
Breakout on Major RES!!!???prediction , breakout on major resistance , minor res broken, price retracing as it is the end of the week , amazing that price literally stopped at that resistance right there, otherwise good momentum even on higher time frames
opinions and engagement welcome as always
price is going back into the lowest zone of my key zones , so that is also part of my rationale, i usually look at the chart no news.
GBPJPY - Trend Continuation + Breakout TradeHi Traders!
The market had a nice upwards movement.
Then it retraced until the 50% of the Fib Retracement.
We now expect a potential trend continuation after the breakout.
(The reason is forming a double top at higher timeframes.)
We recommend to buy the breakout with a risk-to-reward of 1 to 4.
Thanks and good luck :)!
possible trend continuationFirst of all, in this analyse there is no reason to make a sell trade for me yet. but I think the erea between the two green lines gives a nice oppertunity for a sell trade. Looking back on the daily chart it seems to be touched multiple times as support and resistance. in the last week of juli price has made a big jump from this area. The last two months price is trending down, Price broke this line and is testing it right now. If the right bearish evidence forms in this erea I would take the trade. I will update my idea when I think the right evidence has formed. for this trade I won't use the rsi indicator. I'm only using the chart.
Tak eprofit points: the second one has the most attantion from me. but I think the first one is someone to take a look at
first take profit = 0,87401
second take profit = 0,86854
EURNZD TREND CONTINUATIONThe Euro has not been showing a loss in momentum or hint of weakness towards the Kiwi. Minor Resistance has been broken, i'd like to see price come back up and test its major level of resistance, if there's a nice pullback into previous structure then that can very well be a long opportunity.
Trade Ideas Educator: NZDUSD SharkBearish Shark setup at the extreme, I've already shorted the market is because of 3 reasons.
1) RSI Divergence on this setup
2) My Harmonic Pattern Assistance Software spotted this and deem this as valid.
3) Sell Arrow in my system showed up
4) A Pin Bar/ Long shadow candle shows up with a bearish engulfing candle
5) A perfect Rewards: Risk even when the market only touches 1st Target.
CADJPY - Bearish DivergenceHi Traders!
The market was moving in a strong uptrend.
Then it lost price action and lost the volatility.
Now its moving in a "box" and the market is preparing a breakout.
We expect the market to breakout bearish, because we can see a divergence.
Alternativly it could break out bullish too, because the RSI isn't oversold and it would continue the trend.
Thanks and good luck!