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Tweezer

AUDNZD - Weekly Tweezer TopsJust checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to my bullish trend line and support at 0.0925 and go long on a proper price action set up. (yellow zone)
Short
by themikewwfx
1
AUDNZD - Weekly Tweezer TopsJust checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to my bullish trend line and support at 0.0925 and go long on a proper price action set up. (yellow zone)
Short
by themikewwfx
USD/JPY Entering into range low's for a Bullish opportunity Price has been in a range from 111.00-114.00. Price is at the range lows on the four hour chart. We have tweezer bottoms and RSI divergence on the Daily. I'm looking to get long around 111.05 at the 4 hour structure support. I'll have my stop just below the swing low's at 110.60. Looking to take profits at the range high at 114.00. Price rejected the 112.24-112.45 zone before dropping through it, this could be an area where former support becomes resistance. This zone could be used as initial profit target or pullback area. Good luck trading out there.
Long
by ChrisThein
USD/CAD 4 hour Bullish DivergenceThere is some RSI divergence on the 4 hour chart. USD/CAD might start to get out of its bearish rotation in the coming days. You can see on the 4 hour chart, the RSI is starting to build momentum to the upside. On the Daily the RSI is starting to pull away from oversold and is starting to build in strength. We just need to see price catch up. I'm looking at the Drop-Base-Rally zone with the .886 Fib confluence as a possible reversal zone. (1.3040-1.3060.) I wanna see a Hammer formation on the Daily, tweezer-bottoms on the 4 hour, or a double bottom form. This is definitely going to be a longer time frame trade. Also keep an eye on Oil this week, if it continues to squeeze there is still plenty of room to the down side. Good luck trading out there.
Long
by ChrisThein