Waiting to move SL to BE after mitigation of 166 pips
If we go back to the weekly time frame, USDJPY broke the trend line that was in an uptrend. I am now waiting for a retest of that broken trend line at around physiological number 109.000, which is aligned with a confluence of the 61.8% fib level.
After break of upward trend on daily timeframe, we have momentum to the downside. A strong move is respected with a deserved correction. We are looking to take a short off 50% fib level, a daily fib level, and a touch of the outer trendline.
In a daily timeframe downtrend. Looking to take a short position after a correction/pullback. Confluences include 50% fib retracement, outer trendline touch, and weekly high resistance. I prefer entries off 61.8% fib level unless multiple confirmations are presented.
Looking to take a long position off multiple confluences. We have reached a 50% fib retracement in uptrend, an inner trendline touch, and a daily fib level at 50%. Position looks good for entry or to be extra safe, wait for touch of 61.8% retracement level.
We are looking to take a Daily swing short with CHFJPY based off multiple confluences. We broke uptrend channel waiting for retest, a Fibonacci retracement of 61.8%, and point of contact of outer downtrend channel.
As we take profit from bullish flag retest off of 38.2% to finish correction in 4hr/Daily timeframe, we are looking to take a short off the 61.8% fib level or psychological number 1.14000.
CADCHF has reached the upper trendline on the Daily channel. On lower timeframe 1 hr/4 hr, we have broken up channel. Look for retest of trendline or bearish flag to maximize shorting opportunity.
We broke out of downward channel. We are at point of retest of that broken channel around price of 1.58600. We have a second confirmation for a buy off of the 61.8% fib retracement. Look for a buy for potential 300 pip move.
After gaining profit from a bullish flag retest on the 38.2% lower time frame fib, we are looking to take profit around 61.8% of the daily downtrend correction. Put on your watchlist and look for what price does around psychological number 1.14000 and the 61.8% fib at 1.14079.
We broke lower trendline of uptrend channel. We are retesting break of trendline around psychological number of 0.69000.
In a downtrend we are waiting for correction/retracement to end. Multiple confirmations including round psychological number 1.82500, 61.8% fib retracement, and inner trendline.
Two confirmations for long position on GBPNZD. Reached bottom channel of trendline and reached 61.8% fib retracement.
Price finally broke resistance zone of around 1.14489 and came back to retest. Look to buy retest of level.
Broke bearish flag trendline and retested at a clean 61.8% fib retracement.
In a downward trend we are trying to capture a short position off key level of around 110.000 or a break in inner trendline.
We are in a uptrend for GBPNZD. A pullback has been initiated and bounced off the 61.8% fib retracement. Set stop loss behind price zone/61.8% fib at 1.90367. Target profit is at 27% fib located at price 1.93341.
Took a short off 61.8 fib retracement yesterday and confirmation of outer trendline. Looks like it made a second attempt at resistance of 0.90724 (double top) for another great entry opportunity. Target profit is around 0.88986. Place stop loss behind price zone of 0.90799.