A simple analysis of a Double Top Pattern, Price Action Trading Strategy. Simple scalping.
EUR/JPY pair is waiting for Ascending Triangle breakout in 4hr chart. After breakout & confirmation take buy.
we have predicted EUR/JPY to move up from here till 1500 pips up at max this is the point we are certain for the pair to move upto, hopefully this trade will give you an idea of the particular trade and make a good fortune
In this chart i am gonna show your how to work properly this strategy . so keep stay tune and wish your very best to becoming an professional Forex trader .
*** TRADE AT YOUR OWN RISK *** A good shorting opportunity between 130.949 - 131.585 . I would prefer to split order into two positions maintaining same stoploss and take profit . Trading is all about psychology so make sure not to move ur stop loss if order goes against us .
i am personally expecting a bullish move and i can be 100% wrong . Trading is more about psychology and risk management .So never risk more than then what u can't afford to lose.
currently within a channel and has been respecting it really well. We recently saw multiple rejections on the daily timeframe of the channel support, indicating that there's bullish pressure.
bullish on this pair. currently price has form double bottom , and iam waiting for a 1HR rejection candle to buy
SELL @ CMP 129.687 SL 131.405 TP 125.250 Don't risk more than 1% of your account Make sure to trail your stop loss Note :- Given Trades are for educational purpose only . Trade at your own risk
With the formation of the double top done,we should expect some downside momentum as EURJPY is about to break out of the arch formation of the ascending channel
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anti bat pattern is formed in 1hr TF
Hello Traders, Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a downward channel. Price faced rejection at resistance level of trend line creating double top and moved down. W > Price dropped to test weekly support and faced rejection. This support also coincided...
Hello Traders, Here is the Top-Down Analysis of GBPJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is respecting downward resistance trend-line. Price faced rejection at resistance level and moved down. Price dropped to complete W formation. W > We saw an M formation and expected price to rise up to test the neck...
Hey guys, Took a trade this morning on EUR/JPY. The reasons are the following: - Resistance was broken and we see strong bullish candles on H1 - Price is above the daily pivot level, above VWAP and looks like it is also forming inside a flag - The top of the flag is also a supply level = resistance I am a buyer and will target 123.850 - 124.00 levels. The...
A close below the support may trigger a sell off towards the next support zones