Charts247TradingAcademy

Charts247TradingAcademy Updated 

GBPJPY is currently printing another lower High, price on the daily chart has been in range for several days and we have seen a breakdown from smaller time-frames. Yesterday rally can be considered as a discount in price. First indication is 140.43 is an area of interest, this price level was sold yesterday and another failure to advance beyond this point with...

06:00

Charts247TradingAcademy Updated 

The Major Trend is still down!!! Today's key price is 0.6877, the low of Monday; this low represents the Daily breakout confirmation of the mini consolidation after the momentum high. Another price level we must watch closely is the Low of yesterday. Below 0.6861 the downtrend will resume and more lower prices will follow. Sell Again @ 0.6877 T1: 6810 T2: 6670

Charts247TradingAcademy Updated 

The key here is that AUDUSD has printed 2 Lower Highs, current upside momentum can be considered as a discounting in price. A snap back below 0.6907 is a sell. Buying is not an option below the momentum High of 0.6929. T1: 6810 T2: 6670 SL: 6930

Charts247TradingAcademy Updated 

According to price movement on this pair, we are expecting one more upside move in the EURUSD short term towards 1.1176 Entry @ 1.1128 Stop Loss: 1.1111

Charts247TradingAcademy Updated 

We are long the AussieDollar from the retest of 2DL after trading back above it. Target = 0.6880 Stop = 0.6833

Charts247TradingAcademy Updated 

The big price today is @ 108.28, a break below will open up the 108.00 area. Price is printing another lower-high, the downtrend is becoming clearer on the 15Min TF. Short or do Nothing below 108.45.

04:13

Charts247TradingAcademy Updated 

We now have 3 completed Structural Failures, this means downtrend is now in force and we should see more lower prices in the usdjpy. Add to shorts below 108.45 and our initial stop loss is at 108.93 area. Below 108.45, move SL to 108.72. Initial Traget is 106.48.

05:45

Charts247TradingAcademy Updated 

Daily Outlook is Bullish H&S Reversal pattern but not yet complete. Hourly Momentum high @ 108.62, has failed to continue higher. Daily Resistance is @ 108.45 area which has been tested once today, a break below 108.45 will intensify more selling in the usdjpy pair.

03:30

Charts247TradingAcademy Updated 

The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390. What we have observed is price discounting itself. An opportunity to buy at a cheaper price level. So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...

Charts247TradingAcademy Updated 

The whole point of Price Opening on Sunday Night 22:00 at 111.66 and declined to 110.97 on Tuesday can be called discounting! Price moved too far and too fast for the buyers, Remembering the dovishness of the last FOMC meeting that took price way lower than the current level we are trading today. Having said all that. the Failure low at 109.70 all to 110.71 high...

Charts247TradingAcademy

The bold attempt to move higher was halted on Friday, Price action overnight suggest Sellers are ready to push price lower. SELL: 1.3260 STOP: 1.3290 T1: 1.3070

Charts247TradingAcademy Updated 

We have been watching this one very closely, Canadian Dollar has been very strong in recent days even with the strong Dollar on Friday, price continued to trade lower below the Momentum low. On Friday, some positive news for USD but bad reaction in USDCAD which suggests the pattern hasn't been completed. The way to look at this is very simple, Think like a...

Charts247TradingAcademy Updated 

The weakness in USD is clear for all to see after FOMC release on Wednesday, however, we have to spot opportunities when the market presents it. NZDUSD broke above the daily resistance 0.6883, the price action we have seen so far suggests that price is likely to reverse if it breaks below the resistance. Word of caution, Reversal does not mean a change in trend...

Charts247TradingAcademy Updated 

This pair is still in a strong upside trend at least short term. There hasn't been any violation of the current trend. Even the lower High did not make a valid Lower Low that might contribute to the downside momentum. Lot of key economic actions today and we have to bear that in mind. We are going Long the USDJPY above structure 109.39. Target is...

Charts247TradingAcademy Updated 

This pair we have been trading short term the previous 2 dontrend structure triggers, Price made a Higher low of 107.88 which in theory should propel the buyers beyond current level of 108.70. However, the behaviour we can see here is typical strong reversal for the continuation of downtrend. This completed wave is the last chance for Sellers, if price breaks...

Charts247TradingAcademy Updated 

SHORT TERM: 30MINS Candlestick Chart EURUSD is still very Bullish according to the price pattern we have in this pair. 1.1485 is the Buyers Territory, it has been broken to the upside with momentum, that break confirms positioning and direction. the formality that preceded that break has to happen. A correction which is discounting price, the only time this...

Charts247TradingAcademy Updated 

SHORT TERM: 30MINS Candlestick Chart USDJPY is Bearish because we have a clear Structural Failure in Price. Wave 1 to Wave 2 has failed to make a Higher High that will continue the Bullish trend, instead price turned down from wave 2 making a lower low Correction in this pair is complete and we expect lower prices. The next phase of this downtrend is in its early...

Charts247TradingAcademy Updated 

The downtrend is strong and in place, we have seen a normal correction. Price is stuck between 50&61.8% retracement of the 2nd wave down, the option here is to short below 143.55. A very tight stop is required because if price trade above 144.15, a bullish run is possible. Having said that, the dominant force is the downtrend. SHORT:143.55 STOP: 143.95 TARGET...