Strong Uptrend in green The basis of this analysis is the strong uptrend and its support capabilities Consistent rejections have been seen off the green trendline Bullish support
Second test of the 200 dma for the utilities and what comes next ? Obvious prior tests of 200 dma have led to nice rallies will we see the same this time ? Utilities are notoriously defensive stocks held as last resort for safety and yield My thoughts are stay patient and don't be a cowboy for now lots of stocks in this sector are showing a lot of weakness...
Potential swing setup on USDJPY, 4 touches on the trend-line. on the 4 hour time frame i will be waiting for the rectracement to complete before I enter my trade. Good luck Traders!! - Pauric Finnegan