YorshTrading

YorshTrading Updated 

We are looking in a downtrend for USDJPY. Possible to hit the low side of the chanel soon. As I don't trade on the correction of the small downtrend (on 4h) I will wait for a cross and trade the correction of the big downtrend (dailey and weekly) We still have indication of a strong short movement: - the price is under the 100 SMA - on RSI we are still in sell,...

YorshTrading Updated 

We are in a downtrend on weekly and daily charts. For the 4h and 1h chart, the price crossed the trends and we have signs of a possible up trend movment. I will look for sell orders as we are far away from the daily chart: Weekly: I will look for buy orders if I see another correction forming on the current impulse (green scenario) If the price falls back...

YorshTrading Updated 

We are on the downtrend dictated by the weekly and dailey charts. We have a strong correction due to last week news on USD currency. The price hit in multiple points the downtrend rezistence line (dailey chart) On 1h chart we hace a corection of the last downtrend, matching the level 0.236 of fibonaci retracment. I am expecting the correction to go to around...

YorshTrading Updated 

On all charts we can see the descendant trend (W,M,4H and 1H). There are no signs of a possible correction on bigger time-frame charts. I am looking for some sell positions, on of them marked OP:107.838 TP:106.688 SL:108.338 (115/50 pips). I will enter this trade soon, but I expect a correction on small time-frame charts (as the impulse of the descent trade is...