anticipated price reaching and rejecting 50% off OB (seen illustrated with free drawn red line) and it had already played out (113.89), then rejecting around 111.230 , when looking at LTF.. all happened quicker than i had expected but has played out well for intraday. Expecting further downside in weeks to come Green line shows bullish play if bearish...
Support became resistance RSI well below 50, MACD below 0 No indications for long Still believe weak JPY hurting Japanese economy
Now it's in the sideway. In my view, i will wait the trendlline's breaking. Confirm first with throwback and the Sell. IF it still go up, i will let it go,
Wait until price moves above 1.618 Fib level. This is not Elliot wave 1-2-3, it's another strategy.
Yen is in demand when something terrible happens with the world, at least financial. This chart shows that we are on the edge. Don't blame Trump, he is not in yet ))) Green rectangle shows the area of potential reversal down where the green (c) of X = 1.618-2 of green (a). White falling trendline shows the maximum dollar strength area. Downside targets within the...
ABCD pattern has completed and I entered on a Short order with my SL being at the 4 Hour S&R line, just above the high. That is a approximately a 20 pip stop loss, also looking for more confluence, primarily a candle reversal pattern.
The ascending trend channel has clearly been broken looking for a pullback to atleast the purple line be careful as the major trend is up.
price is near the daily support & resistance zone, waiting for a sell opportunity on a 1hr we are clearly still in an uptrend and will post again when a sell set up is spotted
Patience is key here as well as identifying sub wave 5:5 completion. other than that all the fib levels line up. lets see what pans out this coming week. please leave thoughts and comments.
UJ is gaining an enormous strength and will continue this way if Market condition remain as is....
Based on core market trading on unfilled orders and a new presidency of US and a new Dollar strength, UJ is LONG biased
While holding this support Area and forming a nice Bottom here- Followed by this nice Setup of Blue Candle and Gray Confirmed Reversal (high probability setup) which gives us the equityrisk of 2.5% with this nice R/R level
After my "law" of trading on core market unfilled orders and even through the elections, Dollar pairs will gain strength. Here I'm showing you my short position from 102.97, TP around 101.60s around, then immediately a long position and even through the Election time. My position: 1st: Short until 101.60 2nd: Long from about 101.50s, 101.60s, TP above 107.xx
-= Gimme those *thumbies* or comment below and let me know what you think. =- We have many similar candle patterns and indicators as we had before. The one difference I see is the level at which price stochastics are turning up from. Previously we were rising from low levels below 20, but this time we are turning up from the 40-50 range. Be looking for...
USDJPY in the last days gave us way down a little energy to again reach the level of 103,149 which has become a support price would not break. Also as we see the chart price broke down also breaking the moving average of 62 periods but when you reach the level of 103,149 the price volume rising which does not suggest that the price goes to the moving average of...