Our first impression, for 2017 (from Jan to Jun/Jul). For many reasons & Trump, this Year could be a "Dollar Year"... Updates will follow. Have fun and for any questions, don't hesitate to leave a message. Good trades. mav
Posible short term sell dip off 78.6 Watch for rejection bounce down from higher tf downtrend. could be temporary sell program institutionally, Target still 120
Hey all, Been watching this USDJPY potential Bat pattern formation now for a week or so. Recently broke 3 levels of structure (green lines) to the downside indicating we will be pressing down to a Bat pattern completion! Probably looking for this to happen early next week but we shall see. Good Risk Reward on this too if it happens - looking for target 1 and...
Weekly TL tested Possible double top on 4h (DAILY major supply zone) Divergence 2hr MA crossover + Breakout of TL on 1hr 4-6 confluences
Still bullish on USDJPY. Message me to find out why!
2 points for short TP 113.27 or if extreme 112.5 What will it be ---- Than we go on UP 118
USDJPY has formed a base just below monthly support around 100.052, recent price action would suggest that the pair is in early stages of reversal as a key trend line has also been broken. Price is currently testing monthly resistance at 106.131 a break of this level and we can potentially see this pair reach highs of 111.207 in the not too distance future.
I believe that USDJPY is going to break retest the resistance above. Once a clear new support is found the next target will be the 107.947 level. I have found my target not only through structure, but also through using the fibonacci retracement tool.
UJ is in a retracement from the last impulse, now between 23.6% and 38.2 of the last impulse, it can continue the retracement to 50-61.8% and then will continue to the impulse that will go higher than the last months, to lets wait for this setup to be completed. Fibo and Elliot so support this idea Another option is to go directly to the actual Selling zone and...
UJ will be rejected again and then pull back higher
Just look how amazing 34 SMA works here. I've got a short trade from 102.93 and I'm going to sell more next week.
There's a possible wedge in progress. If we see a pullback from the lower side of this pattern, there'll be an opportunity to have an upward correction.
We have a Bullish setup that could be rejected due to the downtrend. At the same time se are close to a triangle that will cause a strong breakout (this one could be in both directions)
Cypher patern is wininig at the moment, I will be bear against dollar :)
Short thru the lowest trend, unless USD good news push it back to the top.
Let see how the UJ will act here