EURUSD 4 hr candles starting to close and form above a downwards trend line from May 4th We have a rising trendline below it Risk/Reward looks good to me
hello Traders - CADJPY coming into a big Supply/resistance area in the 1.05-1.580 range while approaching the top of a daily channel Trend is up but we could see a meaningful correction/reversal- Risk/Reward looks good to me
Decent R/R here- trend line holding price up now potentially holding price down
EURJPY is flashing another swing short signal with close below 139.25 - first signal did not work out - this is 2nd attempt at same trade - stop is 140 target is 137.50
EURJPY is breaking a trendline held since 5/11 - short with stops above last high/trend line Targeting big quarter below - 147.50
This pair is showing a very aggressive 1hr moving average potential short signal. Last Friday we saw the USD/JPY post its 1st Daily candle close below a trend line formed 8/11 (black line) It is showing pretty good R/R in my opinion. We don't want to see candles close back above that trend line. This trade can be attempted more than once below the trend line.
GBP/USD has been in a very strong down trend and bounced off a strong daily channel line from 5/13. This is a very aggressive counter trend buy attempt with the goal to touch the other side of the channel. The trend line at the middle is a hurdle/first target. A break above that middle trend line will open up the door for a test of the top of the channel. Entry:...