rizetrades

rizetrades

EURAUD daily setup: - Price is within a daily descending channel and currently putting in a third touch of the upper boundary acting as resistance - We have a daily Fibonacci setup with price currently below the 61.8 level which is confluent with the descending channel - Price is also below the daily 200MA which is confluent with both the 61.8 fib level and...

rizetrades

USDJPY 4 hour setup: - 4 hour head and shoulders reversal pattern - Inner trend line break and retest - Willis zone Fibonacci retracement - Extension targets line up with previous support levels - Daily ascending trend line is also an extra confluence with targets as price looks for a possible third touch of trend line Entry on break and retest of outer 4 hour trend line