dave.pye.5

dave.pye.5

Bear flag - waiting for a break of trend line support

dave.pye.5

The USDJPY pair has a trademark impulse wave followed by a consolidation flag/pennant before moving on

dave.pye.5

Based on an exact .786 retracement of the X to A leg, there are two potential setups here. A bearish butterfly and bullish ABCD pattern. Chart updated with target and stop loss. In both cases I would look for target 1 as a 50% retracement of the last leg, and stop loss just above structure. Good luck !

dave.pye.5

Two patterns setting up off a trigger which is an exact .786 x to a retracement on the 15 minute chart. Watch and wait.

dave.pye.5

Bear Bat pattern forming, with a major downtrend in play. A major retracement to fib level at the same price and also coming into structure. This is very early in the play so may not come off

dave.pye.5

Testing recent structure, fundamentals are indicating Dollar strength and Yen weakness. Combined with recent strength in Nikkei should see dollar push toward 119-119.5.

dave.pye.5

After break of long term support, going short at 1.70863. Stops above what should now be resistance and a trend line, target is the next level of support at 1.70400

dave.pye.5

Stops at structure high 1.365 with Target 1 @ 1.3605 Move stops to BE and then look for a risk free trade down south to 1.35's