samoli1234
Firstly price seems to have reversed from the weekly/daily ascending TL providing a bullish inside bar on the Daily TF. Secondly price then proceeded to break a small resistance level on the Hourly TF. Finally price has corrected back to the small resistance turned support and broke out of said correction with a bullish engulfing candle on the Hourly TF. Stop loss...
A recent h4 trendline break could have been a fakeout. The price was contained in resistance zone indicating the possibly. Weak GDP data inline with the short.
Price having a hard time breaking 1.095, retested the bearish h4 candle top (April 25th/20:00) a couple of times. Could move down to 1.086 for the short term, in line with USD/JPY touching 112.
Simple chart. Wanted to post quick before the move was missed! I believe the recent trend line breakout to be a fake out and see price pulling down before the daily candle closes. Price has just entered a lovely wick area with the highest test being just above 1.25. I am short at this area with my stop loss above 1.25 and my target being the most recent low.
Very clean and simple chart, easy idea. Lining up well with BOE rate hikes through inflation.
Chart speaks for itself, this is what I think could happen if price rejects at rising trendline.
As you can see from the chart what looks to be a lovely triangle! I personally think its going to break to the upside but as always let the chart make the decisions!
I believe USDCAD is due a drop down to 1.25. Has recently broken away from the lower trend line and proceeded to retest it. Price rejected before market close.
All details on chart. Buy the breakout only - no breakout no trade.
A little late in publishing this one but is still at a decent entry level, already had two amazing trades down to the 0.70 resistance now looking to get another one! My logic: Price capped by strong daily downtrend. Price rejected at H1 trendline. At the time it rejected stoch was overbrought. My trading plan: Am already in this position at the rejection of the...
Potential short opportunity for GBP/JPY. My logic: Approaching a nice downward trend line. Stochastic is overbought. Price capped by strong resistance at 164. My trading plan: Already short at 163.850 with a stop loss of 164.250 and first target 161.100. Small risk trade as I dont think the resistance at 164 will be broken, If it breaks I will look to re enter...