GBPUSD - PipsPayTheBills -
September ended with bullish price rejection despite being on a critical Support Zone with double buttom.
This shows that the bears are still in this market.
I will surely go for a Sell until proven otherwise.
There is highlighted point for TP if these conditions are met. Read other posts on the analysis on lower timeframe.
CADJPY . . . . Wait for Rejection at the TrendlIne or the Resistance and GO SHORT.
Watch out for PinBar and Bearish Engulfing bar.
Setup is Invalid if these conditions are not met.
Trigger with a Sell Stop 2 pips below the current candle. If price doesn't reverse below the current candle breaking through A, this trade setup is invalid.
This implies continued uptrend.
NZDJPY - PipsPayTheBills - PriceAction - Daily Time Frame.
For those that attended the session yesterday. This is a classical example of drawing S&R and TrendLines.
Red Line is the Weekly Zones,
Blue Line is the Daily.
Greens Line is for 4H.
Note that we give respect to those lines in that order.
After the drawing, what can you see?
A downtrend as the Bear...
NZDJPY - PipsPayTheBills - Price Action - 4H TimeFrame
Please look at how additional levels were added using the green line when we went to 4H TimeFrame.
This helps us Take Profit at different Levels in our 4h Time Frame. it also helps in setting SL and getting right entry.
You can see that this also revealed that we are at LEVEL where we could reverse or...
EURAUD (PipsPayTheBills):
The black arrows are the price movements.
Red Arrow is the SHORT (Sell) trade.
Green Arrow is the LONG (Sell) trade.
Price has been seen to be ranging between B and C Zone. These two zones have been tested several times.
We are to wait for a breakout and retest of the zone to trigger a trade. Be careful to trade the first breakout,...
USDCAD (PipsPayTheBills):
There has been Tripple Tops hit on the Zone A at the resistance. This gave us 70 pips down to the support C on our channel and major support zone.
We await price action movement before entry.
If price breaks the Channel and Zone C downwards and retest the zone as resistance, we can enter a short trade.
This will also be a break of...
