Confluence: - Key support - Low test Entry: 1.03866 SL: 1.02998 TP1: 1.04881 (0.382 retracement) TP2: 1.05848 (0.618 retracement)
Trend continuation off the 0.5 retracement Entry: 1.46465 TP: 1.50124 SL: 1.44516
Confluence: - Price is currently at the top of a daily range - Key resistance level - Below 50 EMA - High test - Deceleration Entry Criteria: Entry: 1.32485 Stop: 1.34693 TP: 1.29242
-Price has broken upward sloping channel - Retested 0.50-0.618 retracement - High test - Look for trend to continue to TP3. Will be watching TP levels careful to roll SL
- Price has pulled back and rejected the 0.50 fib retracement - Price is also within a daily range - Looking to take a long trade to top of the range
Waiting for a pullback into 1.1154 to take a short trade. Stops and targets will be set if the analysis is confirmed
FX:USDJPY is currently in a bearish trend. I am looking to enter the train on this trend and am planning to do so with the following: - Daily chart shows downtrend - Previous high touched the 0.786 retracement and reversed - RSI has been overbough So now my plan is to wait for price to break previous support (which will then become resistance) and enter on the...
Entry: 80.092 TP1: 82.084 TP2: 84.270 SL: 77.830
Entry: 2.15705 TP1: 2.1638 TP2: 2.1662 TP3: 2.1709 SL: 2.1527
Entry: 1.12745 TP1: 1.13987 TP2: 1.14820 SL: 1.11960
Entry: 2.14426 TP1: 2.13214 TP2: 2.12387 SL: 2.15069
Bearish Gartley formation offering a fairly decent risk:reward ratio. Entry: 124.596 TP1: 123.845 TP2: 123.376 SL: 124.840
Entry: 0.72897 TP1: 0.73221 TP2: 0.73387 SL: 0.72719
Entry: 1.9824 TP1: 1.97686 TP2: 1.977311 SL: 1.98702
Here we see that previous structure support was broken and a lower low, lower close was formed (LLLC). I waited for the pullback and traded it, now looking for 3 take profit targets from using the fib. retracement. Entry: 1.4453 TP1: 1.44073 TP2: 1.48785 TP3: 1.43318 Remember to roll stops to break even when first profit target is hit.
Here we see a trend continuation towards the D leg of the cypher pattern. We are looking for an opportunity to go long whilst we wait for the pattern to complete. We see that price has already broken through previous structure support. If bullish candle closes above previous structure resistance, I will go long. Entry: 1.6705 TP1: 1.67849 TP2: 1.68370 SL: 1.66422
Entry: 0.67652 TP1: 0.67944 TP2: 0.68122 SL: 0.67265
Here we are looking at a bearish gartley setting up to complete at 0.68831 Entry: 0.68831 SL: 0.69379 TP1: 0.68195 TP1: 0.67903