EJ is currently at a previously broken area of structure, waiting for a price action signal before placing sells
Price broke through support on the 30m timeframe, as we retested the broken support we took a sell entry, price hit our target and we moved our stops to BE and let a runner run, the runner ran for 30 pips before we closed our trade as support formed on the 30m timeframe.
We noticed that on the 1m timeframe price broke resistance that was being held even on such a small timeframe, as it was a new timeframe to trade off of, we used half risk when we executed the buys, with our stops below the 30m breakout candle, we secured 12 pips as price tapped into resistance before stopping us out at BE.
Hey tradomanias, looking at correlations, EUR/USD and JXY aswell as the current risk-off-tone in the stockmarket it is likely to see EUR/JPY going down after the fakeout above a key-resistance. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Hello Traders, Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 40 - 30 Sept M > Price is moving in a triangle. Price has completed W formation by dropping to test the neck. W > We can see M formation and expect price to move up to test the neck of M as our first target. We can also see W formation,...
EUR / JPY has broken through a strong structure, so the next thing we expect is to do a retest where we will enter a long position.
We are currently trading in a 15 pip range. If we break resistance, and form support on lower timeframes, buys could be valid up to the next form of resistance as there is a 15 pip range to target, however I have highlighted a zone we need to watch with caution as it is a previous rejection area. This is why I would prefer sells, we have a much cleaner 18 pip...
Would my trend line hold as resistance???
This analysis played out perfectly, Price broke resistance and created a support on the 15m timeframe, when the 15m candle broke the high of the previous candle after creating support, we executed buys with our stops below the current 15m candle and out 3 take profit points highlighted on the chart from before, all three TPs were smashed and price ended up...
We are currently trading in a 15 pip range. I will not be trading in the range as it is too small. If we break above resistance and form a support on lower timeframes, I would look to execute buys up to the next resistance, I would look to secure positions at the first two buy targets highlighted on the chart as those are rejections areas. There is clean traffic...
Price broke support and made a low but resistance was not formed to take an entry, as resistance formed later on I executed a sell as the 15m candle broke the low of the previous bearish 15m, with our SL very tight above the previous candle. As candle tapped the wick of the low, entries were secured at 18 pips, before price came back to entry, so a small 18 pip...
⚡️ The price felled below the 50% Fibonacci and 123.00 key psychological level ⚡️ And the previous price action level was broken and felled below the support level ⚡️ Risk sentiment is remain negative and in Asian session it has make a long bearish candle in 1hr timeframe ⚡️ The price is well below the 03 EMA's and the Ichimoku cloud is pointing towards...
Hi all traders, This is a video analysis for eurjpy which i have done for all my followers. As always, i have warn some of the levels within eurjpy, do take note of it. If you have any questions, please do leave a comment so that i will try my best to answer you. ****Follow me on tradingview for more future video analysis**** ****Like and share with all your...
Looking for potential buys or sells to fill clean candle ranges on the hourly, sells are preferred as there is a very strong support with multiple rejections. Levels are marked out on the chart, could be a potential trade for the day.
The monthly and weekly chart has shown a w formation that has been mad. On both charts, price has now reached the previous area of resistance and is now acting as support. I am expecting price to reject the area and rise to the 124.200 area, however, because on the daily and 4hr chart price is consolidating, I will wait for a breakout as confirmation. The weekly...
👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE will waiting for Signal conformation: - We have price in the BASE . - MACD waiting for signal out of base. - When we get out of BASE we will...