EURJPY UPDATE PLAYED OUT AS EXPECTED.We saw a break of the trendline at 4H chart and a rejection this morning at 0.382 fib retracement with a double top at the lower timeframe (1h). Good R/R ratio. Enjoy.
Forextips
AUDUSD FLAG BREAKOUT AND RETESTAUDUSD will likely follow it's downtrend.
We can see a double top (1h timeframe) after the breakout @ 0.618 fib. retracement. Target 1 at previous local support and target 2 @ 1.618 fib. extension.
USDJPY BROKE TRIANGLE, READY TO RALLY.USDJPY Broke triangle at 4H chart.
Possible return at previous strong resistance. Targets 2 go for ABCD completion and targets 1 at previous high. High probability trade to kikk off your week. EUR looks strong also along the markets.
EURJPY READY FOR THE NEXT BIG MOVE?EURJPY with it's lovely huge volatility managed to break through the rising trendline at Friday. I wish we could see a clear retest and even above the trendline because I would love to enter at 0.5 or even 0.618 lvl instead of 0.382 for better r/r Ratio and better targets. I would suggest to trail stops in this one if you enter, because it might signal a new trend and it would be a pity not to ride the whole trend.
EURUSD WILL KEEP MELTING??This is a trading opportunity for the most basic pair ever in the world of Forex Trading. I want to see the double top at the bottom of the triangle then enter short. Blue rectangles are demand zones.
Enjoy.
EURGBP 4H RISING CHANNEL.I'm reposting this. You can see the falling channel and the rising channel after it.Enough volatility to confuse us these last days. There is an excellent breakout and retest but for me, it's too low. It barely touched the 0.382 fib retracement. I will put a pending order at 0.618 fib retracement with 2 targets. tp1 at previous low and tp2 at 1,272 fib extension. Enjoy!!!
GOLD RALLY TO BE CONTINUED.We can see a beautiful flag at 4h chart. Friday, today, there was a breakout. I believe price will hold at resistance zone I mentioned with red rectangle, then reverse, make a double bottom at previous local support (blue rectangle) which will also be our retest then fly to previous highs. Beautiful set up for next week.
GBPCAD 4H Possible ABCD completionBC leg is holding at a resistance zone, at the moment. It happens to be 0,5 fib. retracement so we have an extra reason to enter. Take profits are at ABCD completion which is also a support area.
EURGBP 4H BREAKOUT OF CHANNELEURGBP at 4h just broke out of a rising channel which made after a falling one kinda looking like a flag. We should wait for a clear confirmation of reversal below the line of falling channel to make sure this is not a breakout. Then enter with a beautiful R/R ratio. This one to finish the week. It may get triggered until night. otherish, keep it in your radar.
GBPUSD 1H BEARISH FLAGWe can see a Bearish flag at 1H. We saw a breakout because of the news today, then reversed and made a double top. Double top confirmation closed inside the bearish flag. We put targets 1 at 1:1 R/R and Target 2 at a good level of support. We expect GBP to fall even more because of the political uncertainty. Nice mid-week trade. Only if you trade flags this way tho.
GBPJPY READY TO MELT OFF.Lost the previous H&S I posted because of another retest of right shoulder. This breakout looks perfect if we manage to take a retest at 0,618 fib retracement. From there, we can go as low as the 141.0 !
Enjoy!
USDJPY SHORTING IDEABullish triangle formed at previous resistance and today we saw the breakout. We also saw a double top formed at 0.382 fib retracement at the 1h chart. This could hold and hit our TP1 target which is at AB=CD completion which also is the 1,618 fib extension. Enjoy.
USDJPY NEXT MOVETriangle formed in previous resistance that held completely!! We know see a clear breakout and a double top confirmed at 0,382 fib retracement. All those in 1H timeframe. Take profit 1 is at AB=CD completion pattern which also is a 1.618 fib extension. tp2 is a long one at previous support.
Don't forget to add me on insta @theo_k88 and @profiths_fx for more.
