As talked about in a previous chart , USD/JPY hasn't stopped falling since it got rejected from a weekly wedge/trend line , This confirmed the pair as longish term Bearish IMO . might be a small correction soon
Divergence with a current oscillator confirms possible reversal, what gives support to momentum traders, and can possibly give a momentum to the price movement. Currently Below weekly pivot I will enter the market short, using a limit order, in case if the bearish Price action model will appear at the area arround 14.15000
My projection for 2016. I have marked this as "short" however that is for the long term as I believe it will stay within this downward projection for the entirety of 2016, with the exception of the first month in which some movement outside this zone may occur. Happy trading.
GLD has a bit of momentum in its favor right now, but the price structure over the past couple years is horrid. Gold is currently range bound favoring daytraders. a break in range should provide long to mid term swing traders a more comfortable hold.