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This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
USDJPY has broken trendline again, back into a minor uptrend (requiring higher-low confirmation).
Trade Setups:
1. Break green trendline upwards towards R1
2. Break pink trendline lower towards S1
We await confirmation of breakout and then follow that trendline.
As predicted in our previous analysis of USDJPY, the pair is currently retesting the 200 MA.
Here we believe bears will give it another push back down towards the bottom of the current downtrend.
USDJPY has made lower lows since coming out of the original uptrend (purple), and we expect price to respect the current downtrend (green) before breaking further...
USDJPY has just broken down from it's uptrend and now looking to test S1.
We expect price to go further and test the 200MA, before it breaks and we see further downside towards S2, which is the long-term TP.
You can enter a short-term or a long-term play, and use the support levels as confirmations and SL points.
@102 we see in weekly chart that strong resistent area
this area start that strong since 2013
as now we think of that LONG IT WILL BE OUR TRADE
even the price go down to 101
IT WILL BE VERY GOOD LONG ALSO
