Charts247TradingAcademy

Charts247TradingAcademy Updated 

The big price today is @ 108.28, a break below will open up the 108.00 area. Price is printing another lower-high, the downtrend is becoming clearer on the 15Min TF. Short or do Nothing below 108.45.

04:13

Charts247TradingAcademy Updated 

We now have 3 completed Structural Failures, this means downtrend is now in force and we should see more lower prices in the usdjpy. Add to shorts below 108.45 and our initial stop loss is at 108.93 area. Below 108.45, move SL to 108.72. Initial Traget is 106.48.

05:45

Charts247TradingAcademy Updated 

Daily Outlook is Bullish H&S Reversal pattern but not yet complete. Hourly Momentum high @ 108.62, has failed to continue higher. Daily Resistance is @ 108.45 area which has been tested once today, a break below 108.45 will intensify more selling in the usdjpy pair.

03:30

Charts247TradingAcademy Updated 

The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390. What we have observed is price discounting itself. An opportunity to buy at a cheaper price level. So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...

Charts247TradingAcademy Updated 

The whole point of Price Opening on Sunday Night 22:00 at 111.66 and declined to 110.97 on Tuesday can be called discounting! Price moved too far and too fast for the buyers, Remembering the dovishness of the last FOMC meeting that took price way lower than the current level we are trading today. Having said all that. the Failure low at 109.70 all to 110.71 high...

Charts247TradingAcademy

The bold attempt to move higher was halted on Friday, Price action overnight suggest Sellers are ready to push price lower. SELL: 1.3260 STOP: 1.3290 T1: 1.3070

Charts247TradingAcademy Updated 

We have been watching this one very closely, Canadian Dollar has been very strong in recent days even with the strong Dollar on Friday, price continued to trade lower below the Momentum low. On Friday, some positive news for USD but bad reaction in USDCAD which suggests the pattern hasn't been completed. The way to look at this is very simple, Think like a...

Charts247TradingAcademy Updated 

The weakness in USD is clear for all to see after FOMC release on Wednesday, however, we have to spot opportunities when the market presents it. NZDUSD broke above the daily resistance 0.6883, the price action we have seen so far suggests that price is likely to reverse if it breaks below the resistance. Word of caution, Reversal does not mean a change in trend...

Charts247TradingAcademy Updated 

This pair is still in a strong upside trend at least short term. There hasn't been any violation of the current trend. Even the lower High did not make a valid Lower Low that might contribute to the downside momentum. Lot of key economic actions today and we have to bear that in mind. We are going Long the USDJPY above structure 109.39. Target is...

Charts247TradingAcademy Updated 

This pair we have been trading short term the previous 2 dontrend structure triggers, Price made a Higher low of 107.88 which in theory should propel the buyers beyond current level of 108.70. However, the behaviour we can see here is typical strong reversal for the continuation of downtrend. This completed wave is the last chance for Sellers, if price breaks...

Charts247TradingAcademy Updated 

SHORT TERM: 30MINS Candlestick Chart EURUSD is still very Bullish according to the price pattern we have in this pair. 1.1485 is the Buyers Territory, it has been broken to the upside with momentum, that break confirms positioning and direction. the formality that preceded that break has to happen. A correction which is discounting price, the only time this...

Charts247TradingAcademy Updated 

SHORT TERM: 30MINS Candlestick Chart USDJPY is Bearish because we have a clear Structural Failure in Price. Wave 1 to Wave 2 has failed to make a Higher High that will continue the Bullish trend, instead price turned down from wave 2 making a lower low Correction in this pair is complete and we expect lower prices. The next phase of this downtrend is in its early...

Charts247TradingAcademy Updated 

The downtrend is strong and in place, we have seen a normal correction. Price is stuck between 50&61.8% retracement of the 2nd wave down, the option here is to short below 143.55. A very tight stop is required because if price trade above 144.15, a bullish run is possible. Having said that, the dominant force is the downtrend. SHORT:143.55 STOP: 143.95 TARGET...

Charts247TradingAcademy Updated 

A well beaten Aussie still sit just above the Bullish line, 0.7210 stand as a price structure that will dictate where price will end up in the short term. A violation is in place, we can expect a push to the upside to correct the violation, buyers may push price above the momentum high or just shy of the high. Entry Long: 0.7230 Target: 0.7343 StopL:...

Charts247TradingAcademy Updated 

The Bullish Trend on the 4HRS chart is clear, according to price behavior, there's a violation (On 03.12.18: 06:00 Price made a LL1.) which means Buyers are not comfortable with current price level. The least we are expecting is a correction of that violation, which should take price to 1.3183. If price break below 1.3183, we will keep our short open. At this...

Charts247TradingAcademy Updated 

The Bullish run is losing its momentum, price currently sits above an important structure 113.38. A rollover below the structure will pose downside risk to the gains made by buyers. We are short below the 113.38 targeting 112.59 area. Stop above the current high 113.55. --------------------------------------- To achieve consistent results; as a Trader your Job...

Charts247TradingAcademy Updated 

The situation here is as clear as it can be. We have a Bullish momentum that took price all the way to 1.1472 last week, what we have observed since then is just a normal correction. We have a Higher High and Higher Low, the current retracement in price is another Higher Low of the last Higher High. Price as we know is the best indicator. Long at:1.1375 Stop at:...

Charts247TradingAcademy Updated 

USDJPY is currently trading below the significant price structure 113.63 which was broken below last week. This break confirms a trend change in the USDJPY. A low is in place and we expect some reaction to this move down, a Lower High is expected for a confirmation of the bearish momentum. As we know 'Price does not travel in a straight line'. The price for...