Daily Charts
USDJPY buy to sell ideaafter a strong bullish runup, in higher timeframe market is now currently ranging , in 4h timeframe market form double top liquidity and selloff which is more likely to be taken out so overall I am more bullish.
the trading idea takes place in 1h timeframe, there was a large imbalance untested supply was there which is more likely to be tested. in current scenario market broke all its structure and there is resistance above so if market came to my defined demand then with confirmation i will go for long to that imbalance supply .
as above it there was liquidity which needed to be taken out so i am not quite sure about the short idea
ASCENDING TRIANGLE PATTERN
Ascending triangle patterns are bullish, meaning that they indicate that a security's price is likely to climb higher as the pattern completes itself. This pattern is created with two trendlines. NSE:NAVNETEDUL
It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
EURCHF Buy trade opportunitiesEURCHF Buy trade opportunities
EURCHF is running in the support and resistance area if it closes above the resistance area then its have a good opportunity for a long. When it closes above the resistance area wait to further retracement and then take a long trade
‘Always trade with Stop Loss’