Forecasting a bear flag pattern formation before taking it short. Please note Trade like the banks and financial institutions. Do not aim for silly 20-30pips instead look for 90-100 pips and above. Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past! Dont depend on lagging...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (124.2). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (124.850). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURJPY is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
If its break trend line .Then you are enter in buy side.
it is a institutional setup made by bank or one institution the price just break the accumulation state and the price will sure come to down if it dont come the bank will occur some loss in sell order so they come for their candle low to close the sell order and then they will raise the market up again in that case we get oppourtunity to buy on the candle closing...
supply zone and trendline rejection may resist the candles. possibility for doubletop. expecting bearish move
holy grail is in my possession. get the pips when i post.
EUR/JPY SELL - 123.93 TP - 122.73 SL - 124.40
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...
Market is ranging in downtrend , suggesting there can be big move after breakout . Take a trade accordingly and safely ....