Market Structure Bounce Off Trendline Lower Lows and lower highs
This is an Idea on what i think the market could do. We live and we learn.
Price currently consolidating near resistance zone should expect a short push down for a retest
Bully- zone where price could consolidate and then make a decision. (NARD) Keep in mind it is trying to make a lower low on a high time frame. But we also see a possible Double bottom W pattern Approaching, for a retracement for the continuation of the down trend OR Possible reversal Good luck don't let the bully take your lunch money!
Self Explanatory. Chart Explains my thoughts. Remember Don't Overthink it. Risk management. Respect The Stop Loss it is there for a reason. If it is in the blue, it is on you! Nothing is ever perfect. Have a good day.
My thoughts on EurJpy is located on chart. This is a smaller time frame so don't try to hold these trades for a day. Keep it simple don't over think. Support is your TP. Resistance is your TP. Entry would be after the breakout and retest in which the chart explains. Don't quote me and have a great day my fellow traders.
Above is a smaller Tf of my previous Ta that was published on the 4h TF for long term results Looking for quicker pips less time? Here you go.
Price is playing around a resistance zone, also I see a potential M formation/double top pattern on higher TF At resistance. Another analysis om 30 min TF for quicker moves will also be published.
Price headed lower these are just 30 min TF TP but overall long term sell on bigger Time frames keep in mind Ga plays a lot of stomp out games. Stop loss intact if possible.
I'm looking for price to buy short term then sell to target price. Not a signal. Just a thought.
Long on Gold. Rejection off trendline support SL 1860 Entry 1870 TP 1890 THIS IS A SIGNAL FOR ME NOT YOU MANAGE YOUR OWN RISK Technical Analysis is for us.
Yellow Arrow - represents retest Red Arrow - After retest price could break through support and head towards - Trendline Green Arrow - After retest price could bounce off support and take off on uptrend
Price Filling in the W Buy stop above Resistance Or Sell Limit right at resistance.