USDJPY: a harmonic pattern waiting for candle confirmation
USDJPY has broken the lower trendline on the 1H chart. Advisable to go for a short here and target at least the 61.8% retracement.
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GBPUSD is within an important sell-zone (fibs) + long-term downtrend + MACD looking to make lower lows + near resistance. TRIGGER: If the uptrend line breaks, go short targeting next support level. Trade becomes invalid on break of resistance. ============================== ELEMONT FX Experienced Proprietary Traders ============================== FACEBOOK: goo.gl
EURUSD We can see clearly that this minor support is holding and this zone is showing bullish implications. I'm seeing this zone more as a buying area and i will take long position after Draghi's speech tomorrow.
Price broke thought my weekly resistance making support. It looks to be retesting and is being rejected by the 61.8% fib Expecting price to go up to my monthly level. Upper break of the falling wedge on the 1H time frame is a good entry point to go long.
From my harmonic pattern analysis, there is a possible projection for longing in the market. If you feel that my trade is good by all means take it! Please do not place any trade if you are unsure about harmonics as you may not know how to do your risk management, SL, TP. But if you know how to calculate where your stops and take profits are, by all means, go! But...
typical. The 5min break down didn't reach before turning around to scope a channel trade. But even that is changing scope. Here's an example of the 1H break going up. Volatility is low so 7515 looks likely.
From my harmonic pattern analysis, that possibly there might be a projection for shorting in the market. If you have any questions please private message me or write it in the comments below, Thanks ENJOY!