Trend - Downside bias Level - Resistance level Signal - Inside Bar setup with Mother Bar low breakout Entry - 0.96826, Stop loss - 0.97721, Target - 0.93226 (RR - 4 to 1)
Trend - Downside, price just at downtrend resistance line area Level - Resistance, again price just at horizontal resistance area Signal - None 2 long false break bars might triggered short stop loss at the high of 3 tailed bars. Ready to go lower? Just my guess.
Trend - Bearish Level - Support turned resistance level Signal - Bearish inside bar setup Entry - 1.08588, Stop loss - 1.09342, Target - 1.05388 (RR - 4.24 to 1)
Trend - Bearish Level - Support turned resistance level Signal - Bearish inside bar setup Entry - 84.648, Stop loss - 85.635, Target 80.648 (RR 4.05 to 1)
Long term trend is a question mark but near term trend seems to be bias to the upside if near term support level hold.
Trend - Up Level - Uptrend channel support line Signal - Tailed bar that showed weakness in sellers
Trend - Breakout short term downtrend line Level - At resistance/support level where multiples bounce from this level noted (at least 3 bounces in the recent PA noted) Signal - Bullish pin bar
Trend - Bias to upside after breakout of resistance Level - Near term support level which recently had been tested more than a time Signal - Bullish pin bar
Trend changing if previous downtrend line breakout. USDJPY had just breakout yesterday. Will this pair follow?
This pair, to me, is now looking good to go long. 2 reasons. 1st at the horizontal support area, 2nd also at the uptrend line support area. My simple trading plan:- 1. Trend - Uptrend 2. Level - Horizontal support and uptrend line support areas 3. Signal - No valid signal yet. However, after the large bearish candle closed on 23 Aug 2018, the next day candle...
Overall trend is upside bias. Price hit and rejected 0.9826 level which is the near term support level. In term of PA signal it will be bullish pin bar closed yesterday. Enter at market entry, stop loss at the lower low of pin bar and target at the near term resistance around 0.9980.
Bias to downside. Price pullback strongly to horizontal resistance as well as trend line resistance. Both resistance points had been tested at least 2 times. Therefore, strong resistance level of 129.40 noted. Blind entry without any sell signal. Short at 129.25 with 60pips stop loss and more than 3R target.
Some thought to confirm it was a false break and also way to avoid it. False break is actually some price action that often happen and usually caused a lots people loss theirs trades. In most cases, false break is usually happened at a level that most people think is significant and have been break. My personal view is we should wait for clear and obvious...
Overall downtrend bias, bearish pin bar rejected level 1.5145 level. Short with downtrend and bearish pin bar as short signal.
After broke out multiples support level, price retraced back to previous support turned resistance level. Inside bar ("IBar") setup then noted. But the mother bar ("MBar") is quiet big and hard to trade. However, the bias is still on the downside. Is anyone with same view with me? Will you trade the IBar that just break MBar low?
Overall trend bias to upside with HH,HL pattern. Price is retracing from high and waiting price to hit area around 1.0841-1.0870 then look for buy signal.