AUDJPY has been trapped within this channel since the end of March. Each impulse has been roughly 100 pips within this channel. With that being said, we can expect another 100 pip MINIMUM impulse to the daily reversal zone at 72.732. Let me know what you guys think about this trade idea.
NZDJPY has been range-bound for over 50 days now. This range is nearly 250 pips and is like a game of table tennis. Now that it is at the top again it is very likely that we will see yet again, another bearish move. The potential target is a conservative 63.515. Stop losses should be placed above the highs of this range. Give this idea a like if you found it...
USDJPY is very bullish this week. On May 10th, USDJPY was able to successfully break out of the downtrend. Price re-tested the breakout and formed a bullish flag on the 4H time frame. The 50 & 200 ema just crossed today on the 4H time frame which indicates another push higher is very likely. There is also a bullish flag resting on the 1H time frame trendline. ...
CADJPY broke out of this accumulation pattern last week and is now re-testing and forming a bullish flag. The 200 & 50 ema's have also crossed on the 4 hour which signals a trend shift. I displayed on the chart how the impulses are each 200 pips +-. This was used to show the projection of the next impulse. Potential targets based on this analysis are 78.560 give...
The U.S. Dollar Index formed an accumulation pattern last week on the bottom trendline at 98.98. This week we have a continuation pattern also known as jump the creek in wyckoff logic. Our target for this trade is 100.36 +- which is the upper trendline and resistance level. If you found this idea helpful you can show your support by giving this a like and...
EURJPY broke out of the channel on may 18th. Price is now re-testing the breakout and the 200 and 50 ema have crossed. This is a perfect buy signal and our estimated target zone is 119.128 with a 2:1 risk-reward. What do you guys think? Disclaimer: For educational purposes only
Hi Traders, If you like this idea you can show your support by giving me a like and a follow. Thanks! Analysis: Bitcoin has been trapped within this downward channel for nearly a year now. As you can see, the price has reached the top of the channel here which gives us traders an opportunity to capitalize. On the 4h time frame, I have identified a double...
USDJPY broke out of the downtrend on May 8th and had a 180 pip impulse. Price has been forming a bullish flag and is set up for the next 180 pip impulse. The potential target area is 108.648. This is one of those trades you don't want to miss. What do you guys think?
Look at this short opportunity on eurjpy. The 4h outer trendline of this channel is rapidly approaching which is giving us a favorable short setup. Watch for a reversal pattern to form before executing a trade. Let me know what your thoughts are below!
EURUSD painted a double top last week and rejected the resistance level once again. The next bottom trendline and major support zone are at 1.08200. On the 30m time frame price is stalling and is likely to re-test the neckline around the 1.09300 - 1.09400 zone. From there it can potentially be sold with a take profit at 1.08200. Disclaimer: For...
USDCAD has a text-book breakout re-test on the 1-hour time frame. A triple bottom formed on march 19th and last week we saw a bullish impulse. There is a 2.64:1 risk-reward trade opportunity on the re-test. Our take profit is at 1.40878 which is also the 4H trendline. What are your thoughts on usdcad? Disclaimer: For educational purposes only
Audusd is approaching the Daily trendline at .67242 and a strong resistance level. Price has been choppy over the last couple of weeks and a reversal pattern is forming. We can also see the presence of RSI divergence which is a strong indication of a reversal. Pay attention to Audusd over the next few weeks because it is likely we see the downtrend continue on...
Cadjpy has recently broken out of this channel and is currently re-testing the zone. There is a great buying opportunity right now because there is a clear bullish flag forming on the supportive zone. As always, Let me know what you guys think! Disclaimer: For educational purposes only
USDCAD has been stuck in this range since march now and has moved hundreds of pips within this range. USDCAD is once again approaching the top of this range and that gives us the opportunity to capitalize big. The best way to take this trade is to put a sell limit at the top of the range where I indicated on the chart. Let me know what you guys...
EURUSD is sitting on a major support zone and on a 4h trendline. The probability is greatly in our favor for a push to the upside. Target potential of nearly 100 pips! Keep your eyes on this one it's almost a sure thing. Let me know what you guys think!
Nzdjpy has been range-bound for a month and a half now. This range is 200+ pips which gives great selling and buying opportunities at the top and bottom of the range. We are now once again at the bottom of the range and can take action on this. Let me know what you guys think!