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MoneyFlowTrader

potential cup/handle forming on USDJPY

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
MoneyFlowTrader Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Cup And Handle
7
0
supportandresistance cupandhandle
support 111.701, all bets off if falls to 110.80 area. AD showing brief head and shoulders pattern, which Imho is going to create handle, if support holds. Short the handle, long the support, buying the breakout
Comment:
1min cup/handle monitoring for continuation
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Comment:
needs to hold as support
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Comment:
3min spike crossed over, this needs to continue all the way to the daily spike level
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Comment:
5min spike level in route
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Comment:
15min level
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Comment:
15min chart working on cup/handle can see it on a 5min time frame w/ a bigger cup
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Comment:
15min cup/handle
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Comment:
could see 1hr target for profit taking
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for today's action
Comment:
looking for a re-test of trend line on 1hr for breakout
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