MaryJane
Short

Reached Action Point- Here a Decision has to be made!

FX:USDJPY   U.S. Dollar/Japanese Yen
627 4 46
3 months ago
Only Trading above the Right shoulder will brighten the bearish Chart

last view:
USDYPY formig an bearish H&S?
USDYPY formig an bearish H&S?


USDJPY             reached the 38.2 fibo retracement of the last downswing (105.6-100.6). Here the rebound stopped. The ultrashorttermtrend turned bearish again. At the moment, we are trading near a possible action point (blue). this level @ 100.6-100.8 is the level to watch! Here a desicion has to be made imo.

Trading below that level should initiate a further downwave down to the longtermsupport 100 - Here i exspect a temporarily rebound.
The RSI signs a weak bullish signal, so that we can exspect, that a right shoulder can be formed before the "real" dip will come.
Trading above the "shoulder"-level is bullish . The market could decide to aim the maximal correction level fibo 61,8 @ 103.71. The neckline @ 100.85 is also a part of the "action point".

Supports: 100.87 / 100.6
Resists: 102.54 / 103.71 / 105.36

Main View:
Shortchance below 105?
Shortchance below 105?

If the pair would trade below 105, i see the possibility for a further downwave.
First TP of the short is the former low @ 100
3 months ago
Comment:
snapshot
3 months ago
Comment: next Action Point ahed...
snapshot
3 months ago
Comment: Yellen Power
snapshot
3 months ago
Comment: yihaaa...
snapshot
3 months ago
Comment: wow
snapshot
3 months ago
Comment: reached Action Point!! Crazy..
snapshot

Related Ideas

TAJIR_B
3 months ago
nice analysis probably next week we have a decision due to low momentum and fed news ahead
Reply
TAJIR_B
3 months ago
time to close the long ? i think it will touch the gap, then will move higher
Reply
MaryJane TAJIR_B
3 months ago
i for my personal also think we are near a topbuilding in this tf..lets see..i am still surprised that we did not go through the supprt and made a new low..
Reply
TAJIR_B MaryJane
3 months ago
yahhh looks crazy,i agree if i see a bearish sign i will reduce my position
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out