Bullish & Bearish Gartley patterns in a consolidated market. Either way the market moves trades have a high-odds opportunity provided the structure of the patterns remain in-tact.
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
USDJYP ON A WEEKLY CHART HAD TAKE A SUPPORT NEAR THE RANGE OF 106 LEVEL. TODAY CURRENTLY TRADING NEAR THE RANGE OF 110 WE LOOK TO TAKE A BUY FROM CMP RANGE FOR A PRICE TGT OF 112-116 LEVELS IF HOLDS THE LEVELS OF 107.
Please see annotated chart for details.
Looks to have broken channel - Chance for a short Watch the retest for confirmation.
I expect to he do the same movement again.Volumes falling steadily.Bears powers are decreasing. Safe trade:)
Thakns to uor amazing technical analysis we could affermate USDJPY LONG. Our pattern shows the price will reach is 112.000 in the next 3 months. we are long at 106.000 STAY TUNED
Dollar index's recovery from key support zone coupled with bullish price-RSI divergence on the 4-hr chart indicates the bears may have run of steam, thus opening doors for a correction to 107.01 (23.6% of 111.88-105.51). However, further gains appear unlikely, given stock markets have turned risk-off and USD bulls need a strong wage growth figures release...
There is no better time to buy US Dollar but NOW! - The might Dollar fall big time : 1.05 The loonie fall just below 70 cents (U.S.) in January and as of the beginning of May was right around the 79 - 80-cent mark. 98% Dollar could easily move higher starting this week, and 2% it could fall. Forecasting currency moves are even harder to predict than the stock...
Resistance –111.93, 112.80 Support – 111.36, 110.67 USD/JPY caught a bid wave in Asia ahead of Bank of Japan rate decision. The bullish move once again lost steam as it neared 111.93 (23.6% of 125.857-107.63). Daily chart shows breach of falling trend line on last Friday, but failure to take out 23.6% Fibo. Rejection at 111.93 or failure to...
Resistance – 111.76, 112.00, 112.84 Support – 110.97, 110.66, 110.00 Pair’s rebound from near 5-DMA support of 110.67 followed by a recovery above Feb low of 110.97 coupled with a daily RSI above 50.00 makes it a ideal candidate for a rally in case US durable goods data beats expectations. In such a case, 50-DMA hurdle at 111.76 could be put to...
An inverse Head & Shoulders to be confirmed for USDJPY pair. This should put an end to a downtrend and raise the USD to 120s again. Please notice I will enter only if a formation will be competing, if there is no H&S, it is a non-valid trading idea! Would long on 108 SL: 106 TP1: 113 TP2: 116 TP3: 121
if this week candle close above the counter trendline the market should go back to pivot point or 0.382 fib retracement.