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USD/JPY - Key Level Reached, Breakout Or Sell Off?Hello Traders!, Hope everyones had a good start to the week with our trading, Today marks the last day for all Q2 forecasts and readings, meaning that there may be some abrupt price manipulation/speculation with certain pairs. This erratic movement in price is coming from institutions and banks loading and unloading positions from cutting losses and taking profits. What Is The Market Telling Us? Current market sentiment shows us 58% of traders are long and 42% are short, meaning there is indecision between traders in the market Price has reversed since bouncing off level 106.2 and has reached the market's first resistance, waiting to see how market reacts to this Im anticipating some consolidation to occur before we see the market make it's directional impulse move to the upside or downside When Should We Enter? PATIENCE IS KEY!!, As I said, price is most likely going to consolidate before anyhing convincing happens If we're looking to go long, we wait for a clear break and retest of our R1 level followed by bullish signals before going LONG If we're looking to go short, we wait for a clear break and retst of our support zone on a lower timeframe, followed by bearish singnals to go SHORT
by forexwithfred
USDCAD IDEA...USDCAD, as we're in an overall downtrend, and now the market managed to make an H&S on strong resistance, we might see a possible drop from now, but the pair could fluctuate around the current zone! Let's be patient! Right now we have two option to open a trade right now or to wait for the market to reach a better price. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
DECISION ZONE & UPTREND SUPPORTS IDENTIFIED -DASSAULT DSY- DAILYThank you for you likes and shares! Much Appreciated! _______________________________________________________________ DSY DASSAULT SYSTEMES price have been bouncing several times on the pink decision zone. It is probably the best level for entry/exit in this market. The blue uptrend line have experienced a strong pullback on it marking an amazing triangle with several elastic effects resulting in a break up above the decision zone. Another shadowed uptrend line have found its existence and the market could use this invisible line to test again a rebound on it. This chart helps to see this market in a simpler and uncommon way enhancing the logic behind price movements.
EURONEXT:DSY
by Diallo_Charts_Ideas
EURSGD potential bearish reversalon DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes. unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected. on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern. So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD. meanwhile, EURSGD would be overall bullish.
Short
by TheSignalyst
7