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Bearishtrendlinebreak

JPY/USD Price Action & Trade Setup Market Structure & Trend: The chart illustrates JPY/USD on the 4-hour timeframe, showing a rising channel pattern. Price has recently rejected from resistance near 0.0068058 and is now showing signs of a bearish move. Trade Setup: Bearish bias: The pair is breaking down from the channel, indicating a potential trend reversal. Key levels: Resistance: 0.0068058 Support Zone: 0.0064368 (Target area) Potential Move: A continuation of this bearish movement may lead to a drop toward the support zone. Conclusion: If the price sustains below the midline of the channel, further downside is likely. A retest of support at 0.0064368 could offer potential opportunities for either a bounce or a continuation of the bearish trend. 📌 What’s next? Watch for price action near the support zone for potential trade setups.
Short
by ForexOptimizer
IAG - Is there a Buying OpportunityIAG seems that it has found solid support after being flushed heavily. With Bullish Price Action at Support, a break of the Bearish Trendline with very High Volume and MACD cross with Bullish Divergence makes me confident that we can cautiously buy. My Trading Plan is given below: TP1 - $5.50 (potential gain 13%) TP2 - $5.90 (potential gain 21%) Stoploss - $4.20 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:IAGLong
by AsimMirzaTrader
NST - Seems that it has found supportAfter falling hard, it seems that NST has found solid support. With the Bearish Trendline getting broken after a solid bounce, coupled with very High Volume and MACD Cross, I expect a follow through in price to the upside. I am bullish NST and expect it to move higher. My trading plan is as follows: TP1 - $10.80 (Potential gain 10%) TP2 - $11.80 (Potential gain 20%) Stoploss - $8.60 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NSTLong
by AsimMirzaTrader
1
SCG - Trade PlanMy trading Bias for SCG is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a breakout with energy, and expecting a potential 7-8% gain. TP ~ $3.00 - $3.10 Stoploss - $2.55 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SCGLong
by AsimMirzaTrader