trend continuation will most probably occur after price retraces from .786 fibonacci...which alligns with support zone at 1.24135.
looking for a short opportunity after market retests the weekly support which it already bypassed on the downside at 105.232.usdjpy is current'y on a downtrend.
the pair hit a major daily support so im buying the bounce short term...till the first retracement if it stillmcontinues its downtrend.
euraud is most probably going on a downtrend after rsi was overbought last week in most higher time frames.some divergence occurred and the pair reversed.looking for a retest on the major resistance at 1.59800 to reinstate short position.take profits and stop losses in the illustration.
general trend on the gbpusd in daily time frame is down so this trading opportunity is for a short setup. 1.38564 being a key support was bypassed and now is being retested...looking for an entry signal to go short on a 1:1.33 risk reward ratio trade.I try and make my analysis as simple as possible as am trying to only trade on price action.Hit me up in the...
retracement of the 0.786 retracement alongside strong support
retracement at 0.618 just got hit.also underlying support on this price 106.860 ......looking to go short at a 1:2.27 risk reward ratio.
the price hit a fairly strong support level @ 1.56800 in the daily timeframe .if trend reversed then maybe we would be looking for a surge lower than this...a retest of the support turned resistance and then signals for a sell.but if not,then we would be looking for a bounce in this region as Rsi is oversold and the 1.56800 support aligns with 0.786 fibonacci...
the price hit a fairly strong support level @ 1.56800 in the daily timeframe.if trend reversed then maybe we would be looking for a surge lower than this...a retest of the support turned resistance and then signals for a sell.but if not,then we would be looking for a bounce in this region as Rsi is oversold and the 1.56800 support aligns with 0.786 fibonacci...
Possible long on euraud since it hit a major weekly support.Rsi almost oversond.looking for possible entries.basic price action.just my opinion
price about to touch downside trendline on 0.236 retracement .entry wil be around 1.31600 with stp loss above trendline & recent swing high.tp 1.31312 & 1.30857