Two Trades I am Looking at…

[Pip Hunter]

Hey traders,

got two price action trades on my radar…

The first I have spotted is on the USDJPY 4 hr chart.

Price is now consolidating and boxing, but I am looking for support to be tested and then a break higher.

Any trade would be confirmed on the smaller time frame charts with a potential breakout higher into the resistance shown below.

I will update on this potential trade as it moves forward.

 

The second trade I am looking at making is on the EURUSD. Below is the daily chart showing a very decent resistance level.

If price can move higher into this level I will move onto the lower time frame charts and start looking for short trades should we get some rejection and bearish price action.

See chart below:

[Pip Hunter]

Hope you guys were watching the smaller time frame charts for a short trade on the EURUSD as I suggested in the previous post.

We got a perfect rejection of the resistance shown with a very nice 2 bar reversal price action pattern trade on the 1 hour chart.

Hope you all cashed in.

 

[Pip Hunter]

I am now looking to take long trades as price slides lower into support. I am targeting resistance, as shown in the chart below.

[Pip Hunter]

Hey traders,

hopefully you have been following along closesly and making some nice profits.

Price did move into support on the USDJPY as I said it would in post above and we got some really solid bullish price action to take a long trade.

Any questions let me know.

[Author]

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