Based on the information provided, you are planning to enter a trade in the USD/JPY currency pair. Here's an explanation of the trade for publishing:
Trade Details:
- Symbol: USD/JPY
- Entry Price: 139.690
- Target Prices: 139.842 and 140.001
- Stop Loss: 139.582
Rationale for Entering the Trade:
You have decided to enter this trade based on two factors: support...
GBPJPY is distributed at the top and the bottom liquidity is creating eventually institutions are eventually will grab the liquidity and fall down. don't look the long position price is now at the distribution stage. it is for education purposes only.
for a good trader is not about making money only.... he also preserve capital is also important for a good trader.....
the price was consolidating in the weekly support zone for a period of time and during last week it broke the range by providing a big bullish candles in daily . since it broke the resistance now it becomes support so a retest or pullback to the zone would be amazing to look for the entries to get back in a trade
With my analysis on FX:GBPUSD . After a price got rejected from a inner flip zone on a higher TF, a breakout to the downside on the lower TF. With my analysis i see GBPUSD short upto 1.23000
EURUSD is in bullish trend, but the box is providing the resistance which seems to be temporary whenever the support is taken above the box, we can enter as the bull. Yellow line is another resistance, and we can book partial profits there and at green we can take it as TP.
We can see a strong resistance at 1.08833 it it is broken then we can expect a Bear Move to 1.07863
The EUR/USD needs to move through the $1.0921 pivot to target the First Major Resistance Level (R1) at $1.0951 and the Wednesday high of $1.09696. A return to $1.0950 would signal a bullish session. However, the EUR/USD needs hawkish ECB chatter and...
price has reached near previous 25 days high, at an important level of 90.15 , if this level is broken than the price can go upto a target of 90.900 and then 91.33. price is above 200 moving average right now if it shows weakness and closes below 200 MA than a short trade can be taken below 89.5 and target of 88.65 can be achieved .
note- trade must be taken...
symmertical triangle pattern is formed by gold on 1hr time frame tarde can be activated if it brakes the range.
go long if it breaks above 1984.5 and target can be made of 1999. short can be played below 1957.77 for the target of 1936
As per the chart pattern we can easily see that EURUSD is forming a Bearish Pattern On 1 Hour Time Frame.
If we take a Short Position now we can easily Achieve a target till 1.06653.
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In the past times, USDINR is trying to hold its level and now we can see more rise above the levels
Characteristics of Triangle pattern
A pattern that has the following characteristics is more effective.
+ Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect.
+ This pattern gives a...
U.S. will release CPI and PPI data on 14 and 15 March at 12:30 p.m. UTC
The Consumer Price Index (CPI) is a monthly report measuring differences in prices of goods and services consumers buy. Producer Price Index (PPI) shows changes in the price of goods and services producers purchase. Both reports are popular inflation indicators, and inflation is the most...
This morning, the EUR/USD was up 0.73% to $1.07169. A bullish start to the day saw the EUR/USD rally from an early low of $1.06638 to a high of $1.07369. The EUR/USD broke through the First Major Resistance Level (R1) at $1.0702.
The EUR/USD needs to avoid a fall through R1 and the $1.0638 pivot to target the Second Major Resistance Level (R2) at $1.0765. A move...
