Hello traders, we can always share our thoughts. The market is trending up, we have a small support level and we can patiently wait for our third touch confirmation. i always try to keep my setups simple and always try to follow the trend.
Because the market is currently in the down trend plus we have a flipzone and then we can patiently wait for the market to give us a third touch on our trendline and candlestick confirmation.
Market activates our limits as i said the mmm might collects the stops before continuing with the trend. before taking a trade always put yourself in the shoes of retail traders.
Let's all share our opinions on this pair. again i think is very important to know all the currency pairs correlation.
It's an uptrend, creating higher highs and higher lows, it's on a flipzone. High probability buy setup.
Possible sell setup. We have ChoCh then we'll look for sell opportunity on our OB.
The market is currently moving in a series of lower high and lower lows which shows us this pair is in a downtrend. Plus we have 3 touches confirmation on our upper downtrendline and market also broke trendline. therefore we wait for market to create new lower high so that we can sell.
The market broke and tested our trendline thefore we are going to wait for the market to break our resistence and buy at support level, this is a possible buy setup.
The market is in a downtrend and it broke our previous higher low and went back to test it, which is now our flipzone.thefore we are going to look for bearish candlestick paatern to sell on H4 timeframe.
Please let me know what you all think about this setup
The market is moving in a series of higher lows and lower lows thefore the market is in the downtrend. now we are going to look for candlestick pattern confirmation to sell.
Pairs that correlate with Eurjpy Chfjpy Cadjpy Gbpjpy
The market is in a downtrend, firstly we're going to wait for our third touch confirmation on our trendline and flipzone. but before we sell we are going to look for candlestick pattern confirmation on our H4 timeframe.