USD/JPY is forming a really nice "M" pattern chart and is also going to brreak the trendline. All the analysis are to short this pair !!
This is a long term trade. If you do not trade long term then use it to align yourself with the market as things unfold
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This analysis is just meant to put things into perspective Your comments are welcome
Bullish signs 1. Correcting from that very strong support area 2. "TS" is rising nicely with momentumand has already crossed the KS. So the guys on the lower timeframes are feeling very happy about this move up ad are still very bullish Bearish signs 1. the trend is still bearish. To become bullish we have to break the critical level 2. now at strong...
This chart is not meant for trading purposes but rather as a way to reflect on some technical analysis issues. It is also related to my tradable USDJPY H4 chart which you can find attached below. I hope you find it useful Good luck
MW (retail/clothing) has had an absolutely brutal year, with its price-per-share shirt literally ripped off its back, plummeting from a high of $66.18 in June down to its current value just north of $15. With $1.00+ in premium to be had on the call side for the Feb 19th 16 call, it may be worth initiating a covered call here. 100 Shares MW at $15.05 1 Feb 19th...
An aggressive. Please mitigate risk to a small and defined amount. If this pops bullish on the hourly, could fade. Reasons why: Watch for MW to keep fading. (AKA trading bullish after this bearish gap.) Down well over 60% in the last 6 months. Huge bearish retest gap down today. White candle thus far, which opened and closed below the daily Bollinger Band -...
While everything else about this stock looks horrible, fundamentals, technicals, and news, if it starts to swing up, buy for the short rise and then short after it reverses because everything else looks bad. thepatternsite.com