Price is 68 pipsaway from fresh weekly supply. simple game plan, just waiting for price to get to the area, once in the area ill drop to the 4 hour chart and look for bearish reasons to enter. Patience is a virtue!
USDJPY has reacted to weekly supply and weekly descending trendline. I am looking for sells on the H4 or H1.
Price has broken the weekly descending trendline and 36 ema. I am looking for buys. we still have space until we get to weekly supply.
Price broke the weekly descending trend line. I am looking for buys. Please be cautious as this can be a fake out.
Price reacted to weekly ascending trendline and weekly demand. Waiting for lower time frame confirmation for a buy
Price has arrived at the upper part of the weekly channel, also price has confluence with daily supply. Short will only be taken if there is bearish price action on the 1 hour chart. meaning I need to see lower lows and lower highs on the 1 hour. for now its bullish.
Price is at weekly demand. waiting for price to break counter trendline to the downside to sell in lower time frames.
Price just made a potential HL on the h4. Price is making HH and HL. also price rejected off a .618 fib level.
PRICE TESTED AND LEFT DAILY SUPPLY AREA, WHICH IS THE PINK AREA. ON THE 1 HOUR PRICE BROKE THE 50 EMA AND BROKE THE STRUCTURE. WAITING FOR PRICE TO RALLY TO THE .50 OR .618 FIB FOR A SHORT.
PRICE IS MAKING HH AND HL. MY PLAN IS TO BUY AT SUPPORT OR EVEN BETTER IN DEMAND AREA. BUY IS ONLY EXECUTED IF THERE IS CONFIRMATION.
COULD THIS BE THE BEGINNING OF A NEW TREND. LOOKS LIKE IT ON THE H4. WAITING FOR PRICE TO RALLY TO THE SELL AREA. ILL TAKE A SHORT ONLY WHEN I SEE SOME TYPE OF CONFIRMATION.
WAITING FOR PRICE TO RALLY TO THE SELL AREA. THERE IS A LOT OF WEAKNESS IN THE POUND AND A LOT OF STRENGTH IN THE JPY. AND IF YOU LOOK UP SENTIMENT FOR THIS PAIR MOST PEOPLE ARE LONG SO IM TAKING THE CONTRARIAN VIEW ON THIS ONE. HOPING PRICE GETS TO THE SELL AREA!!
PRICE IS IN WEEKLY DEMAND AND WEEKLY SUPPORT. POTENTIAL LONG. THE QUESTION IS SHOULD WE JUST BUY OR WAIT FOR CONFIRMATION????
KEEPING AN EYE ON THE RED AREA, WHICH IS SUPPORT. THIS WOULD BE A HELL OF A COUNTER TRADE!!!
AUDUSD TESTING NECKLINE. RISKY TO TRADE USD PAIRS!!NEWS!
WAITING ON RIGHT SHOULDER TO FORM
INVERSE HEAD AND SHOULDERS IN DAILY WAITING TO GO LONG!!!
PRICE REJECTED SUPPLY. SELLING ON LOWER TIME FRAME CONFIRMATION.