Bullish Continuation for USDJPY After Sharp Price Rally Yesterday
There is high probability for further bullish continuation following the massive price rally of USDJPY that happened yesterday : · The price has rejected / bounced away from a key level highlighted in the green rectangle, indicating price might continue to the upside today. · 20/50/100 EMA are curving upward and price is currently above them, moreover the price just breakout from the 200 EMA on H4. · Price has jumped up from Fibonacci retracement level around 38.2% golden ratio on H4. · Reverse divergence can be seemed on the MACD & Stochastic indicators of H4 · There is also Reverse divergence seemed on Stochastic window in the Daily chart. · I think the price will attempt to breakout from 100 EMA this week on the Daily chart. Buyers are determned enough to move the price up for USDJPY pair today. I will take profit when the price retest the previous swing high / resistance level of 105.61. Please comment if any, Thanks.
XRP looking Bullish again
This is a Channel Break-out Strategy, Price currently broke out of the Descending channel to the upside, wait for a Bullish confirmation before entering a Buy. As you can see Price had dropped and Bounced off a strong support at the 200sma on 1 hour time frame which happened to also be the 50% of the Fibonacci Retracement Level. I usually apply my Trend-Based Fibonacci Tools on the Channel Break-out (seen here with the Purple color) I usually base my TP1 at the 100% Fib Ext Level and TP2 at the 161.80% fib ext level. IF price continue it's climb TP1 RRR will be 4.34:1 and TP2 at 6.33:1 PLEASE NOTE I DO NOT TRADE XRP, I BUY TO INVEST AND HOLD ALL MY CRYPTOS IN COLD WALLETS 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky and carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Personal Free Advice: You Should NEVER borrow any money to invest, you should NEVER use money intended to feed your Family, Pay for School tuition or Pay for Bills for the purpose of investing in Forex Markets! Hit the Like button if you agree with my idea!
Crypto challenge , trade#1
Hey guys, I finally decided to start a challenge in which I aim for 100% on my account , trading only crypto. I will risk 2% on each trade, with a different exit strategy. Here we have decentralized (mana/usdt) . which was in a equilibrium zone after a strong bullish trend. Finally the price broke the S/D zone and successfully retested it. My entry was on the 1h timeframe, after a doji and a strong bullish candle to the upside. Sniper criteria on side on all timeframes. 1st target profit is 1,50 , which is a round psychological level, after which I will close half of the trade and leave the rest to run, with my stop loss moved to breakeven. The 2nd half of the trade will be closed after a bearish crossover of the 8EMA and 21EMA on the 4H timeframe. Lets see if the challenge will be successfull.
NZDUSD Short
Price broke structure on the daily, signs of a HTF correction. A successful Distribution which broke below the PSY, followed by the retracement to retest the AR and fill the 4H Imbalance in price. Expecting bearish momentum to continue once IMB filled.
Bullish Continuation for USDJPY After Sharp Price Rally Yesterday
XRP looking Bullish again
Crypto challenge , trade#1
NZDUSD Short
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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