USDJPY is going to be a very good short trade idea! when we see price breaking strong for the downside the flat channel on the top then price will continue going down! make sure you know the structure so you can manage correct your trades!
USDJPY as we see here USDJPY break out the resistance level and now we are moving up to the top of the channel , our target will be 112.898 we are on the forth wave of we may fall a bit more down but our target still at the top of the channel
There is an untouched liquidity above the equilibrium zone. I expect the first reaction to be quick and violent. As long as a weekly candle does not close above 115, I expect a short opportunity caused by a wick.
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed...
W1 cycle,USDJPY is running inside the triangle,
Price breakthrough triangle can be considered buy in,
Price at 112.50 appear short K line shape, just short.
108 is a strong support level,
Short TP, Long entry.
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The technical cross-section**:
A strength of trend: 0
The priority area of transactions: buying
Selling in the area of 1,1300 with a stop above 1,1340 and a profit in the area of 1,1220.
Selling in the area of 1,1390 with a stop above 1,1430 and a profit in the area of 1,1310.
The purchase in the area of 1,1210...
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
The market moves in the uptrend. The price reached the resistance level and we should be ready to see a correction movement. If the price bounces from the resistance zone, It will be possible to open short trades based on lower timeframes. The market will have a target at the support zone formed by SMA50, SMA100, 111.00 support level and the uptrend line. This...