Quick Scalp - Although I'm not too fond of the current candles - there is potential for a double top here with a break below 1.655/1.65 to open the door to 1.653/1.6525. At the same time should this break the lower ends of 1.65 could provide new buying opportunities. As momentum appears to favour the upside. Expanding on the trend this pair looks to be quite...
In this trade we can play it a few ways. Break the Rectangle and aim for the rect height as take profit levels (break up/break down) alternatively if US budget/debt issue worsens YEN is the RISK OFF trade then perceive this as a double top. Breakout: In either case look for a clear break of the rectangle before making the breakout trade. Playing the bounds: If...
The play is here is the channel -> Although it's a sliding channel the major disruption or breakout should be resolution in the US budget/debt ceiling. So in this case we'll buy the lows of the channel and take profit each time we reach the channel top. In the case of US resolution hold the trade and TP at 134-135 levels. *Important note should we reach 16/17th...
Watch this asc triangle pattern for an upside break tgt drawn at price action resistance lines. Enter long on break.
Looking for break of this triangle formation allow up to 5 pips either side for false breaks
Current double top / rectangle looking for break short. (as upside may be limited if break up). Tgt fib levels -> look for confirmed (below 1.3270) due to volatility
As in the chart -> Target the channel for a break up or Target(s) resistance for break down.
IF the channel doesn't maintain momentum could be a nice break in the making. However the impetus needed might be tommorrows durable goods data.
For quick pips play the break enter only after break of the outside triangle line
Expeect a breakout of this tight range on Japan Data Release coming up shortly.
Break lower, order short below the 2nd resistance base line. Break higher enter order outside price & time for break long.
Scalp within the triangle or wait for breakout.
1 min quick pips break opportunity? Looking from break outside of the zone - small quick 1 min pips tgt
Looking for reversal of the trend? Not so fast - Be sure to look wide and get confirmation candles...