USDJPY - STRONG SHORT OPPORTUNITY !!!
Good evening!
I am just new to this and am planning on doing this as new full time. I am looking for a few people that want to show and discuss some good ideas.
So to pay it forward and open the door. Here is my opening idea.
Head and Shoulders pattern forming on Daily USDJPY.
My only concern is the potential strength of the Weekly Trend line. The pair has bounced off it twice now. With the Fed sticking to the .25 increase, my confidence of a strong breakthrough has weakened a bit.
If it breaks through there seems to be a good long run ahead!
Monthly, Weekly, Daily and Hourly charts are showing good signs!!! (as this is my first post I am not sure if my 5 chart window will show or just the main one)
RSI and MACD are supporting this as well.
I'd love to hear your thoughts. Be gentle lol. I am a Newbie!
All the best!
I am just new to this and am planning on doing this as new full time. I am looking for a few people that want to show and discuss some good ideas.
So to pay it forward and open the door. Here is my opening idea.
Head and Shoulders pattern forming on Daily USDJPY.
My only concern is the potential strength of the Weekly Trend line. The pair has bounced off it twice now. With the Fed sticking to the .25 increase, my confidence of a strong breakthrough has weakened a bit.
If it breaks through there seems to be a good long run ahead!
Monthly, Weekly, Daily and Hourly charts are showing good signs!!! (as this is my first post I am not sure if my 5 chart window will show or just the main one)
RSI and MACD are supporting this as well.
I'd love to hear your thoughts. Be gentle lol. I am a Newbie!
All the best!
Monday the 27th the bounce continued
Tuesday the formation looks to be back on track. The hourly chart tells us alot as we are now bumping up againt the downward trend line. If the hourly holds, we will be testing the weekly trend line soon!!!