Hey folks, Our last week trade closed at breakeven, here is the best re-entry point that we can get Watch the full market overview on my youtube channel www.youtube.com
SHould be an easy and smooth trade
Idea illustrated above for a possible Double Top on UJ Best of luck
Broken structure to the upside on 4hr timeframe... retest to the 38.2 Fibonacci price reversal zone level... nice sellers exhaustion wicks forming on the 4hr with a nice bullish engulfing candle forming
Looking at a bearish Cypher forming on UJ. I'll be looking to take this trade when if it develops further. Keeping an eye on it for now.
Possible outcome for UJ. Price is looking to make a double top and could extend to retest 114.500s If not, price should fall anytime back toward 112.000s Wait for confirmations either way. Pay attention to the wicks on key areas like support and resistance. Longer term: I believe UJ DOWN Best of luck!
Price could be looking to create a double top. Sell the resistance. Sell the breakout of the support near 112.000 AB = CD Best of luck!
UJ seems like its making a bull trap here its a risky trade to enter but RR is good here so its a short IMO look for confirmation on lower time frame for entry
Check my previous analysis on UJ in which I recommended short entries at the retest of a resistance area. Also, to trade the breakout of the trendline. If you are not in this trade, be patient for a pullback should give you an entry opportunity within the range i illustrate in orange. Hold this position toward the end of the year. Best luck! Follow my...
On the higher timeframes, uj is sitting on the 38.2 prz level in a downtrend. On the 4 hour we see a head and shoulders pattern as well as a break of a trend line , and on the one hour we see a minor break of support. all we are waiting for is the retest and entry for the bearish push all the way to the 111.600 area
On the 1 hour timeframe, UJ broke structure, on the higher timeframe UJ is sitting on the 38.2 PRZ fib level. also has a head and shoulders pattern, with exhaustion forming on smaller time frames. just waiting for a slight retest and an entry down to the 111.600 area
Confirmations: 1. Break of strong support and now retesting as resistance 2. 61.8% Fib pullback 3. Hourly closed within zone with a wick to the upside 4. 15 min had a bearish engulfing in the zone
A bearish engulfing candle has formed in UJ 2 weeks ago, telling us price has rejected the resistance area at 114 We can start to see confirmations to the downside and on the long term, price could make a strong drop towards 100s Trade the trend! Trade the pullbacks of broken areas! Pay attention to the wicks that form on key support and resistance areas!...
Shorting USDJPY . First T/P 111.910 - cover your profit.