Hello my friends, Another setup for today is CHFJPY pairs. I found price moving towards strong EMA-200 support. It looks like a double bottom pattern or bullish flag pattern in the long run. Buy CHFJPY 116.45 Stop loss 116.00 Take profit 117.15 (1.5R) RR Ratio 1 : 1.5 Use only 1-2% risk Good luck
60pips against us since my last publication on this pair (see link below for reference purposes); Price finally touches Y117.500 zone just like it did in August 2020 to make a Double Top structure. This was met with rejection followed by Lower Lows in the latter part of last week trading session. Tendency: Downtrend ( Bearish ) Structure: Reversal...
We had a daily close inside the daily resistance area. looking for our target on the 50% fib level. Then tests 116.600 and 116.800 range before falling to 113.800 Entry - 117.550 SL - 118.000 TP1 - 115.750 TP2 - 113.800
Buy: 114,600 SL: 114,215 Target 1: 114,990 Target 2: 115,230 Target 3: 115,525 Stop-Loss: 39 pips Risk: 0,5% Risk-Reward: 2,3
Hello my friends, Today is friday and we are going to trade lightly today. I found a good setup on CHFJPY pairs. This pair recently broken below the support of a triangle pattern which has formed since September till November. Yesterday it finally close below it and i think today is a retest of this broken support. We could expect downside to next support at...
Hello my friends, For today i am gonna trade JPY crosses pairs, as the US election could trigger risk-off sentiment. It looks like we could see it goes wild with current development. To keep it simple, we will only focus on the price action. Price already broken below the ascending trend line and now retesting it. I've marked the horizontal support and...
After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase. It is now at a strong price action support zone and at the final stage of wave A. Hence, we expect the pair to be bullish in the near-term.
- Potiential new level of support - Creating a higher low - 20 EMA moving close to price (moving support). This will be a pending order depending on how the market wants to move. I won't be entering this trade until I see some bullish confirmation.
Price breaks from support but turns out to be a fake out, i took a trade in USDCHF going short instead. *Thumbs up for money management and for knowing pair divergence* HAVE A GREAT WEEKEND EVERYONE
Price is making a correction in lower time frame from the rising wedge pattern, i will be taking short trade in this pair. Could have taken the trade early in the pattern with great RR but NEVER FOMO ( FEAR OF MISSING OUT ) because there is much more opportunity i can take later on. * The risk to reward shadow is just an estimate *
* RISING WEDGE PATTERN H4 * i missed this beautiful short trade in this pair, oh well, i'll be looking for a correction setup to enter the second chance trade in the pattern. If there is no second chance just move on and seek for a new opportunity.