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Breakandretest

GBP/JPY - Simple Daily StructureWhy have we been looking for long positions on GJ for the past few weeks and months you ask? Well, on the daily chart we can clearly see we have resided in an Ascending channel for some time now. However, we have now rallied up to the top of our ascending channel with a third touch. You can see some key levels marked in on the right hand side. These are key levels on the lower time frames that we have been using to take long setups on the pair. Where will price head next? We are right at the top of the range for this pair. See our related idea for some long positions on this pair!
by Jal121
Possible Buy set up?First post, felt like sharing my idea! Im not a financial advisor, I snort chalk. I'm using fibbs, 200 ema, ichinoku cloud, MACD, and BB Above 200 EMA so I'm only looking to buy. Cross over 200 EMA and Retested with a strong bull engulfing candle MACD Crossovers 1H Broke .618 support zone and retesting. TP 1 : 1.21350 TP 2 : 1.21500 SL : 1.21050 Stop loss just a little bit below IC lines Previous soft resistance around 1.21350 zone so that would be the first TP, and if it goes past that the 2nd TP would be 1.21500 as it has another resistance in that zone. Let me know what you guys think! Happy trading, and Good luck!
by MakMak1904
2
EURAUD-1H-Long PotentailHello folks; On the EURAUD we can see a RD+ and double bottom pattern which is a strong pattern for reversal on the other hand, on the major pivot point and demand zone has a nice hammer with a massive wick.Totally; we have lots of signals on the chart which is telling us the price's moving is gonna revers.For now, jump to the long position till our target what is marked on it. Please put your comment and like . If you would like my vision , analysis please follow me thanks guys.
Long
by Mohammadrezatrader
3