USDJPY has now reached its daily resistance line were we have seen extensive selling This setup presents a great risk/reward Let's see where this pair ends up
I believe UJ will continue to drop until around the 107.339 area before skyrocketing once again...this is just an idea. I see it as a rocky downtrend but it should make it down there. In top of that US politics and US/NK rhetoric have not given 2018 a break! Now let's sit back and see how this plays out.
First idea in a while since back at school. Taking a simple UJ short. Good luck all.
Now, I know I'm the only one with this one on their radar. It's almost a no-brainer, which is slight suspicious... Tin-foil hat off- the RSI is overbought on a few timeframes and MACD has crossed over. The price has been ranging within a descending channel and the price is up toward the upper trendline of this channel. We are also sitting near the 0.618 fib of the...
This is an interesting setup. UJ is highly likely the first part of a five wave impulse corrective structure that ends as an ending diagonal. These can be very long, very boring and are the bottom-pickers' nightmare. Suggested bottoms indicated to the left. However; One target is reached already. Was the 1.618 target extension "it"? If it leaves the channel, most...
- Daily Trend is Bearish - 4HR Trend is Bearish - TrendLine Bounce - 4HR 61.8% Fib Line is rejected with Bearish Engulfing - Rejection of pshychological round number and minor key level of 115
1. The previous bullish trend was broken at 117.335 2. Then bounced up to retest the previous high at 117.600 3. First support which is currently R1 was broken at 117.000 4. S1 was tested and it seems to come back again to the same level or breakthrough and continue downward to 114/113 green highlighted price range. Waiting for this downtrend to reach S1 is...
Weekly TL tested Possible double top on 4h (DAILY major supply zone) Divergence 2hr MA crossover + Breakout of TL on 1hr 4-6 confluences