USDJPY Potential Bullish MovementUSDJPY Potential Bullish Movement
we are waiting for a momentum candle close above 108.0 to buy this one
Reason:
1- Objective symmetrical triangle (in blue)
2- Objective Head and Shoulders pattern (in orange)
3- Support Zone from Daily 107.0 (from in purple)
Three confluences are enough to consider Buying USDJPY, after a break below 108.0 (in gray)
*unless price breaks aggressively below 107.00, then a bearish movement would be expected
Zone
USDJPYIn the last 3 days the price is in the range 107,32 to 108,03.
With such side movements there are two options for trading.
The first is to buy from support to resistance and to sell from resistance to support.
The second we expect to develop right now is a breakthrough in the range.
After the price breaks (close) beyond these levels, we expect the movement to continue in the direction of breakthrough.
The recommended entry is for the post-break test. In this way, false breaks are missed.
Contact us for more information!
EURNZDToday's opportunity is of a less popular currency pair.
We see a downward movement that is breakou by an upward impulse.
We are currently looking at the possibility of reversing this movement and continuing the price to 1.8287 and 1.8463.
For this purpose, we expect a breakout in the marked area, which will allow entrance with a good ratio.
Preliminary trades are not recommended!
EURJPY. Profit will be in case the price enters the buy zone.Hello dear subscribers!
At the beginning of the month,
the price reached the level of support,
and pushing away from it, it began its rise in the growing channel.
If the price rises to the level of 119,000,
it is included in the buy zone, there you can buy this currency,
after which it must reach the target, if it does not reach the mark of 119,000,
then making a deal is dangerous!
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This idea does not provide the financial advice.
AUDUSD Short ComingAUDUSD is slowly making it's way up to the previous support zone confluent with the 38% Fibonacci retracement of its swing high to swing low. Looking for previous support to become new resistance for a continuation of the downtrend. Will wait for a clean short entry in this zone based on multiple rejections confirming resistance and aim for 200-250 pips back to the downside. Keep in mind this pair moves slowly. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
AUD/USD BREAK, RETEST & GODaily chart on aussie dollar looks really bearish. We had a nice break of the institutional/key level of 0.67 and looks like price is going for a last kiss. This idea also correlates with 50day EMA. Personally would prefer some price action candlestick to take place at the propose level.
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