USDJPY is approaching its support at 110.53(horizontal swing low support, 100% & 168% Fibonacci extension) where it could potentially bounce to its resistance at 110.84 (23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
Hi All ,
I will be looking at opening a buy from 110.395 with a target of 112-113-114. Sl at 109.960
I will be looking at a more aggressive entry from 110.420 Depending on price at region and trendline .
Today The fed comments has impacted the price setup , But with fed meeting and forecast out the way . we should see some bullish momentum . I will be looking...
Pattern: Triangle on 4H.
Signal and Targets: Bearish if the Triangle breaks downwards (TP 110.245), Bullish if it breaks upwards (TP 112.500).
*Note: First time on 1D that the pattern makers Lower Highs instead of Lower Lows. This enhances the potential of a bearish break-out.
The blue lines represents the support and resistance levels drawn from the monthly charts. If the price breakouts of the triangle in either direction the support or resistance levels next to them needs to be broken decisively in order for the technical aspects to be in our favour of the trade.
shall there be any updates i will post them in a new thread. this just...
Signal ID: 64383
Time Issued: Wednesday, 20 March 2019 00:01:15 GMT
Entry: 111.434 - 111.684
Stop Loss: 111.059
The Trend Follower Strategy has just bought CHFJPY at 111.559. The system recommends entering this trade at any price between 111.434 and 111.684. The signal was issued because our Speculative Sentiment Index is extremely...
Watching right now, thought i share this one with you all.
I am waiting for a clear breakout bar, and with it clear fundamental reasons to buy the pound.
Price might stay for a little longer in this range until it makes up its mind.
You can also crossanalyse all GBP pairs, and you will see some sort of similar consolidation pattern, that suggests a possible GBP...