Long on USDJPY based on previous trade ideaRefer my first trade idea for the full picture.
1.Price has broken swing highs
2. Points of Interest (POI)/Demand zones that sponsored the breaks have been marked.
3.based on how price approaches and reacts to the POI, longs can be taken.
Trade Plan:
On lower time frames where structure is clearly discernable, we wait for a break of market structure to the upside and enter on the rectracement.
Forextrading
EURUSD Further Neowave Forecast by Manish SinghFX:EURUSD
Price Should Move up without braking of Invalidation Level in form of 1,2,3,4,5 waves in blue degree.
As you can see wave ((i)) has been finish and currently we are in correction of wave ((ii))
As long as price is above invalidation level you will see further rise in the price in form of wave ((iii)).
NZDCAD - Trendline Breakout and Retest done.We have found a trendline breakout and retest on weekly and daily charts, which is considered to be a strong signal. Look out for shorting opportunities on smaller timeframes.
BE ALERT - We are at the Support zone at CMP. So kindly wait for its breakout for more secure trades.
AUDUSD NICE LONG OPPORTUNITYTime to take a LONG entry on AUDUSD based on below price action:
Confirmation:
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(i) Nice bounce back from multiple support area 0.77000
(ii) Short term downtrend line break
(iii) Market already in a range with multiple respect on the same R/S area
TAKE ONLY 2% RISK OF CAPITAL PER TRADE
AUDUSD possible short sell OPPORTUNITYAUDUSD possible short sell OPPORTUNITY, if break the next support at 0.76000
Confirmation:
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(i) Already in a downtrend
(ii) Double/Tripple Top chat pattern formed & fall
(iii) Short term uptrend line break
(iv) symmetrical triangle pattern break
USE ONLY 2% OF CAPITAL PER TRADE
EURUSD - Breakout of Parallel ChannelEURUSD has given a clear & strong breakout of Parallel Channel towards the downside. It reversed from the resistance, which makes our second confirmation. We should look for shorting opportunities on EURUSD till it reaches its target. You can follow me on Insta - tradintra_fx.
EURGBP : is this the time to do 1-2-3-4-5 for upside ?After a whole 1 year from march 2020 to april 2021 , the currency pair EURGBP has shown a corrective structure of three waves , Wave- a , wave-b as a triangular wave, and wave- c of impulse decline. The weekly price action suggests that there is quite bullish reversal chances from the recent bottoms. The evidence can be considered with the help of Bullish reversal candlestick pattern : THREE LINE STRIKE , a channel breakout & a higher higher highs & higher lows in the lower time frame.
One can go long on EURGBP for the targets of 0.88 to 0.9 in the coming weeks.















