I believe in insane R and R, and here we've one such opportunity. I'm shorting EU here with a minor stop, and a major 1:10 reward. Game is on!
We're a possible order block here. if my analysis is correct, price will not go below the order block for the rest of the day.
AUDJPY is in free fall mode, but our mind is always sceptical. when it finds something clear as sky, it asks questions like how can it be so easy? how come I short when the pair is in uptrend? how come, how come, how come. Well, sometimes it is what it is. there'll be price manipulation at times, but not always. market makers have to give you 'easy' setups at...
Well, the odds are in favour and that's why I'm opening a short here. stop will be 0.872x range.
I'm going short here. stop is 0.92 and take profit is at 0.89x 1:2 trade.
If this works out as planned, we're looking for a full bear day ahead of us. The stop loss is relatively small and the risk to reward is huge.
We've a clear entry on USDJPY short. let's see what fib level it'll find support on.
We've a bounce off of .618 fib level. will this bounce continue or is this a fake. I guess we'll see.
USDJPY has completed 5 impulse waves. 1-5. Based on the formation, we'll have a C leg down soon completing the ABC correction.
We've a double top on UJ. coinciding this with Elliot wave ABC correction, we're going down from here.
USDCAD is painting a clear head and shoulders pattern. It hasn't break the neckline though. the question is: is there more downside to come, or is this a trick to get shorts trapped at the bottom? I'm long as long as the neckline isn't broken. we'll see.
I'm finding signs of exhaustion after this mini pump in USDCAD. based on trend line, candlestick confirmation, I'm shorting.
It broke out of range, failing at 0.618 fib level. I'm looking for a downside move from here.
We've a clear head and shoulder confirmation on DE30
We've a clear head and shoulders confirmation on USDJPY.
I'm shorting here after clear break, retest of the H&S neckline. Stop would be a few points up the neckline and profit is showing in price range bars.
It's sitting on .618 Fib retracement. it's painting a minor broken support on smaller timeframe. that's our entry.
Did USDCHF just broke out of Inverse head and shoulder neckline, or is this a fakeout and it'll fail at previous resistance at 0.89459? I guess we'll see.