It is very consistent with fibo. So, it is expected to bounce back and retest the major trendline.
not for trading, just for learning waves and fibonacci retracement
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Reasons for trade- 1: Risk Reward 1:3 and 1:5 2. Price broke major consolidation level of 130.60 after 8 days and now returning towards that level 3.Price has created lower high and lower low on 4 hour chart which is confirming downtrend for upcoming days 4.Price closed below major daily support of 131.700 5. Prerequisite for trade is bearish candlestick pattern...
Condition:- 1. Daily Channel Formation 2. Support and Resistance 3. Demand and Supply 4. M Formation 5. COT data - 1.EUR ⬆️ 2. JPY ↕️ ENTRY:- 1. Enter on 4hr timeframe 2. follow the analysis ALL THE BEST!
As you can see EUR/JPY is and downtrend on 30 min tf . Its going back to its previous supply zone and we can take a short entry .
As I can see according to the market structure it's going to make a lower high and thereby entering into an order block and reverses
you can further extend the target to a higher timeframe OB. but because there was a 1h demand below so be careful, the market could reverse from any point to fill that demand below, then look for 1m confirmation to enter the trade as there was an extreme demand was below there which was untested. I hope you have a profitable week ..
EUR/JPY SHORT SELL. TRADE POINT : 128.748 STOP LOSS : 128.909 TAKE PROFIT : 1.28632
Intraday USDJPY resistance seems to be at 112.20 above this 112.40/112.50 exists. Flipside support finds at 111.85/111.75 its intraday pivotal, below here 111.40/111.00 exists. Given the risk around new US 200bn tariff from China imports USDJPY likely to cap around 112.40 its 100.0fe of 110.25-111.80-110. 35. EURUSD: The key support level is placed at 1.1625 and...
Hello Guys i had find this trade in 4h timeframe which making resistant in upper trendline and also made distribution zone which gives good opportunity to short after break trendline which i drawn you can short with sl above the resistant zone thank you if you like my analysis do like share and follow thank you
EUR JPY BUY REASONS ARE HERE 1. RESPECTED TREND LINE TREND 2. STRONG DEMAND AREA IN FUTURE 3. HIGH TIME FRAME CONFORMATION WITH STRONG DEMAND AREA
EJ has a strong divergence on 1HR and could be a trend reversal.