charliefornia

charliefornia

looking like a good place to place a SELL order after bouncing off 109.000 resistance Open 108.600 SL 109.000 TP 107.500

charliefornia

usdjpy has been on the rise this week.. has me looking for a good BUY opportunity using 4H ATR as Stop loss and 2X 4H ATR as TP Buy limit @ 108.500 SL 108.100 TP 109.600 Current indicator set-up.. SuperTrend 3/10, EMA 8/21, MACD 8/21 enjoy!

charliefornia

Bulls are currently controlling AUDNZD and pushing it further up. Current Buy limit @ 1.07750 SL 107.100 TP 1.08400

charliefornia

Bulls currently broke through major resistance and are now headed up! I have a buy limit waiting at 1.10850 .. cheers!

charliefornia Updated 

BULLS have broken through the major support of 108.500 and are looking to head towards the next daily fib retracement of 109.300 im entering a buy position with trailing stop loss starting at 108.490 TP 109.300

charliefornia

i've been doing a lot of research based on ATR and how important that indicator is in forex. Using ATR as stop loss is a commonly known strategy, but what works best? im currently using major support / resistance levels combined with ATR to come up with my SL and TP levels. 1X ATR is my SL, 2X ATR is my TP. Always a 1:2 R/R USD JPY ENTRY 108.300 SL...

charliefornia

Chart indications Trend - Downtrend Candlestick Patterns - Triple top reversal formation Trendlines - Descending wedge formation on D1 Supply Zone - W1, D1 & 4H Indicators - 50/200 EMA CROSS indicates pullback News Trade talks with china slowly progressing Nothing in writing Won't be finalized for a few weeks Lots of time to fall through Many critics /...

charliefornia

as you can see i love trading usdjpy because there are so many opportunities to make money! i do analysis from different points of view so that anyone watching can consider all the different perspectives and make their own decision! this analysis consists of bearish bias being at the top of our Fibonacci channel as well as having tested the 108.5 resistance THREE...

charliefornia

ive spotted a descending wedge in the weekly chart indicating a bullish breakout is near did it just begin? we will see next week if the top of the wedge is respected.. if it is then i see a drop to 107.4 if it is not then i see a rise to 111

charliefornia

looking at the fib swing from the top to bottom on the weekly we appear to he at 50% retracement right now on a downtrend. i don't see it reaching the top of the supply zone, but anything is possible. i'm first expecting a fall down to 107.4 and possibly a bearish breakout below the trend line to continue a downtrend. if the bulls do take full control and bring...

charliefornia

thinking it will come back down and test support

charliefornia

Chart appears on 15 minute for posting reasons, but i use the 1 minute chart for this strategy. Using the 1 minute chart i was able to come up with an easy channel of consolidation which takes roughly 30-60 minutes to get from one side of the channel to the other.. easy enough to combine with MACD and RSI. Simply sell at the top and buy at the bottom for an extra...

charliefornia

looks to be at to top of the channel dancing around strong support possible retest of 108.000 before dropping to 108.550 or stay watching for a bullish breakout to 108.400

charliefornia

looks like the major support / trend line were respected, looking to BUY.

charliefornia

looks like we just experienced a huge drop down to the 1H/4H trend line / support im looking to see if the trend line/support line holds if it does im looking to buy with a tp at the next resistance level if it doesn't im looking to sell down to the previous support

charliefornia

WOW what a mistake i made haha well live and learn right! should have waited to see if it respected the supply zone or not and it didnt! SO. that being said.. im doing a BUY tp1 is 107.750 TP2 is 108.2

charliefornia

Entry 107.462 SL 107.500 TP 107.175 Sold at the top of the supply zone Tightest stop loss possible, right above supply zone. Much better R/R Cheers!!

charliefornia

ok guys so im really new to doing anything other than scalping really, so be easy! lol i took usdjpy and saw the uptrend going, but it looks like there was previously some pretty good resistance at this level i used the resistance level, a trend line and 50% Fibonacci to come up on the 1H/4H time frames to come up with this analysis, then used the 15M chart to...