Entry - 108.38 Take Profit - 109.28 - 90 pips Stop Loss - 107.88 - 50 pips Straight away, you'll notice this is not an ideal risk to reward ratio, but I've found the 30/200 pinch to be somewhat reliable in my back-testing. On the 4H chart, price has appeared to have made the turn for an extended reversal. The 200MA (blue line) has been breached and we're...
This idea is for educational purposes only USD/JPY 0.23% is in a bear market; the pair experienced retracement and rejection around the 38.2% fib level. Expect price to continue toward 109.000 area. The 50 MA (red) is also trending downward. Expectation is that price will pull back to the 8 EMA (black)
UJ just complete the 5th Elliot wave, now I see a little correction to continue to the upside until Daily trend line. At that point we will see how the price reacts. 40-60 pips on short to start the week and also to fill the GAP and finish pullback.
This is one of the ways how the current correction within the wave X of WXY could unfold. It is a contracting triangle. After completion we could see another wave down, which is Y. I highlighted the target area with an orange box, this is where Y is equal to W. It perfectly fits with the Fibonacci retracement area between 78.6% and 88.6%.
As UJ is testing the 111 resistance area. It seems like it can't break it. Overview of the monthly with the kumo twist shown. I'm waiting for it patiently how it reacts to the cloud and my predictions it'll spit it back down to the 100 support level. IF, IF it breaks that support level then the bears will just be in complete domination once its out of that...
Price Action: Bullish Pattern: Asymmetrical triangle + break of all EMA’s Long-Term Momentum: Bullish Short-Term: Bearish Bias: Long Action: After price tests trend resistance it will most likely bounce. Hopefully it will find support where daily resistance is now. Enter a longer term position here. Comments: Would like to see bullish momentum continue for next...
UJ preparing the big movement. Option A: price could respect the daily region and drop until 4h trend line, if breaks the trend line we continue down for a couple of hundred pips. Option B: price could break the daily region and continue up until Daily trend line, and we wait for a double top and candle confirmation to enter short. If break the Daily trend line...
I buy with HH candle, and yes it break new high, however, due to my EU order, (it is relate of USD) yes It make me annoying for cut off the trade for afraid of USD weak, So I go out (in 1H it cross down sma20, is it my system?) Actually, I must wait the LL or SMA20 cross down in 4H, but I afraid. At least I got profit is ok. But blame for not do with plan.
We can see there is a Double Top in forming SL and TP Clearly Showing The breakout of uptrend is considered as a confirmation to enter Selling
trade war among China and Ameria is getting good news this recent time. In addition, Trump help ZTE - a company of China which is shown a good sign for and end of "trade war"
still waiting on confirmation but there is a possible long opportunity on UJ
We might looking for short if the Daily candle closing with a bear candle. This make the confirmation of the double top formation which might looking for a TP at 109.017 and SL at 101.298. Please wait for the confirmation. Confirmation is everything for a dedicated traders! Trade at your own risk *