I am looking to enter the USDJPY pair with a short position as i believe that the trend line will be respected. TP will be at identified support on 4H timeframe
I see a potential long opportunity as it has recently just broke out of the 4H trendline. My trading plan will be to wait for a retest of the trend line and enter half my usual lot position. Thereafter, once it breaks out of the short-term trend line as indicated by the purple trend line, then i will enter the other half. Another possible scenario will be for...
AUDJPY has just recently broke through two of my identified short-term trendlines. Thus, i believe there is a scalping opportunity to close in almost 40 pips with this short trade. Risk management is advised as the overall momentum still seems bullish
AUDUSD have seemingly been rejected from the support zone i identified. Furthermore, there is a break in the minor trendline i identified (trendline in purple). Thus, i will use this opportunity to make a scalping trade with a narrow SL & TP. Do note that this is a risky trade since we are against the current bullish momentum.
Beautiful break below support zone for EURCAD yesterday. Today i am looking to short now as i see pullback is almost completed. Entering with a slightly lower 1:1 risk reward because i believe this is a higher probability trade. Safer traders can look to wait for a more completed pullback (back to support zone) before looking to enter with a better risk reward...
USDCAD has recently broken out of my identified support zone. Therefore i will enter a short position now to ride the bearish momentum. I will enter again if there is a slight retracement to the upside as indicated by the trendline.
USDJPY has recently broken out of a minor ascending trendline on the 4H chart. Going forward, i believe that there is a high probability that the pair will move down towards the 108.8 level. A good entry will be to wait for a confirmed breakout of the trendline and a subsequent pullback.
We see here a movement along an ascending channel pattern for the pair. Currently, the pair has reached a significant resistance level and is also close to the top of the ascending channel. While the long term trend for USDJPY is bullish, i believe that there will be a short term correction to the downside before there is enough momentum built up to continue the...
EURUSD is currently on a long term down trend. From a short term perspective, the EURUSD has just broken out of the ascending channel. I expect for the currency pair to continue its downtrend. However, due to the recent breakout, it will be more prudent to enter the trade after a pullback to the 1.1060 level. Stop loss suggestion is also placed above the...
AUDUSD have recently broken through the ascending channel on the 4H charts. Based on the charts, it would seem highly probable that AUDUSD will first do a pullback to the support-turned-resistance level at 0.6805 level before falling to 0.6700 Disclaimer: This is purely my market analysis and i am not making any recommendations whatsoever.
Currently we are on an ascending channel pattern. The price is reaching the top of the channel and currently at a minor resistance. In addition, we can also notice a RSI divergence on the 1H chart. With these patterns in place, i believe that a downward movement in the short term is highly probably. My TP level will be at the trendline of the ascending channel...
The analysis on the left was done previously but i did not post. Posting together with this one just for my personal note taking. Note: I believe that my analysis previously was correct because while it was on a flag pattern, there was a RSI divergence formed. Thus, a breakout was highly likely. With the eventual breakout of the trendline, we saw support to be at...
After a strong bullish run on Monday, EURAUD has reached a strong structural support. In the short term, my view is that there will be a fall in EURAUD. Disclaimer: This is based purely on my own analysis. I do not provide any investment advice for these posts.