Predictions
USD/JPY has been consolidating since the start of October, just below the 150 Yen mark and has risen above 150 Yen once. Soon after this we saw a massive drop in price as the market became bearish all of a sudden. Since then the price stayed […]
Price has dropped down to the green demand zone. This is an area of support. Once price breaks the blue resistance trend line look to buy. Price may look to rise to the pink line at $92.72 per barrel.
Buy GBP/USD. Possible reversal chance. Set Stop Loss below the lowest low and set Take Profit just below the green supply zone. (Part 2) Move Stop Loss up to your entry point. This lowers the risk on the trade.
Place a short trade on WTI oil. Place Stop Loss just above the high and place the Take Profit down just above the blue support line where price rebounded. (Part 2) Move Stop Loss down to the entry price. This reduces the risk of the trade. […]
Top Picture: 4H Chart Bottom Picture: 1H Chart Price rose above the purple line. Price followed orange trend line. Look for price movement when the New York market opens. Look for price to fall below the orange trend line. Look for a conformation of a red […]
1H Chart Move Stop Loss to where you entered. This will now make it a risk free trade. You won’t make a loss if price drops. However if price drops and hits your Stop Loss your trade will close without making any profit. Price is following […]
4H Chart There could be a potential for USD/JPY to hit the orange resistance at a price of 151.969 JPY. Price is following a long term trend within the channel. Watch price bounce around inside channel. Once price hits the strong orange resistance (if it does) […]
1H Chart Purple line seems to be resistance as price has hit 5 times. Price is in a long term upward trend. Look out for price to break resistance and climb, following the orange trend line. Wait for conformation of the breakout before getting in a […]
4H Chart Expect Price to bounce off the green Demand zone and continue in a bullish trend upwards. 15M Chart Set Stop Loss below lowest price point. Set Take Profit at the red Supply zone. Price is following a bullish trend from the green 15M time […]
4H Chart WTI has shown a strong bullish since July 2023. Orange line suggests strong resistance at $93. WTI could bounce off the resistance and reverse to hit the demand zone just above $84 per barrel. Look to expect WTI to climb back up from the […]