Price has taken out yesterdays liquidity (Stop Losses) from retail traders and currently forming a QML on those lows. Price has already broken structure and is ready to launch off a concept, most likely an order block on the 5 min and a FVG on the 15min. Expected Wyckoff schematic 2 of accumulation is expected to form. Apply proper risk management rules and be...
AUDJPY's trade from yesterday went as expected, placing our position in heavy profits. Price today is having trouble breaking over the red resistance, but when it does, expect price to shoot up. Wyckoff's 3 point theory came into play (SC, ST, Spring) and all we are waiting for is a break and retest off the resistance level. Make sure you use correct risk...
AUDJPY is showing signs of a possible reversal in price for this week. Price already sweeped the lows of last weeks trading days and formed a QML off those lows. This is a high possibility trade but always apply risk management rules/measures before entry. Take profit is extended, what is shown is the extended Take profit, make sure you take partials along the...
Ford Has broken out of a triangle retail formation and has successfully retested strong levels of support. Ford will continue to push higher if reoccurring positive news comes out and it follows a positive correlation in its fundamental side, positive returns, profitability, etc. This is not a day trade but rather a long term hold. Ford has made similar movements...
AUDNZD: Possible breakout on the 30-minute downtrend line. A breakout of this trendline may allow the right shoulder to form on the 4hr time frame. Indicators on the 4hr chart are indicating a future buying pressure as the market is oversold
EurJpy: On the left side (4hr chart), you are able to see a support level that was hit multiple times. This support line is an attractive spot for all traders that analyze the chart. This level can either hold and push the price up or break and push the price down. On the 15-minute chart, you are able to see a descending triangle forming. Wait for the triangle to...
gbpusd: 4hr breakout but hasn't made a higher high therefore it could be a fake-out. The 15-minute chart has a head and shoulders pattern printed all over it. I haven't entered this trade just yet as the break-out was far from my entry-level. if the price makes a comeback near the entry-level I'm comfortable with, then ill be entering this trade. INDICATORS ON...
https:// OANDA:GBPNZD
GBPNZD: 15-minute break and heavy wicks on the 4hr chart on previous strong resistance. Indicators on the 4hr show a sell. Take profit is on next support line.
AudJpy has broken out of the 4hr triangle and support zone. Indicators show that this wants to be a fake out and so does the head and shoulders on the 15-minute chart. This can also not be the case and the continuation of this sell-off can resume if the trendline on the 15-minute chart breaks. I'm not predicting the market, I'm reacting to what might occur! FX:AUDJPY
