Wait for break and then sell. Stop loss right above the top trend line
Agree? - I think i finally after 4 months of trading found my strategy. Lets see
Expecting another leg lower on this market, since price action is struggling at this area, momentum is weakening across bigger time frames as well, looking for shorts if you have your trading strategy. Trade Safe.
What do you think ? RSI, stoch showing its on the bottom and hitting the support. Time for reversal ? What do you think?
Watch for the bounce zone. You can short now if you want, but carefull of the turn around zone. It may happen shortly before or after the marked zone. The current market is a little unpredicatable with the DJI dropping late last week, and now BTC popping nicely this morning.
USD/JPY has broken all of its ema's on the 4 hour chart and is finding support on top of them. We can expect the first TP for this continuation pattern to be at 111.95. On the long term, if USD/JPY holds strong, we can expect it to hit back the 113 level.
Possible bullish Gartley pattern forming on the hourly chart with the below confirmations: AB - 61.8 fibonacci retracement of xa BC - 78.6 fibonacci retracement of ab CD - pending 127.2 fibonacci extension of ab Sell completion of d leg with targets at prior pivot bottoms.
As $USDJPY Coils during the rest of 2018, we could see some price movement in the early 2019 or as the trade war progresses
USDJPY just tested the downtrend line today-i am expecting it to retest the top of the diagonal and then a drop to around 108.00 handle. If you have your trading strategy, consider short term buys for the top of the diagonal. Trade Safe.
Hi traders, USDJPY is still Bearish . Don't miss this short. It has a huge potential. As per my analysis, price action shall further move up to the below targets. Entry: 110.342 (or) Entry @ CMP Take Profit: 109.733 Stop Loss: 110.613 Risk Vs Reward Ratio: 2.25 Go short the USDJPY ; Good Luck
USDJPY price action is like narrow range consolidation-I am looking the correction to continue higher to test the top of the trendline & a linear compression, thereafter for sell setups for a directional move. Keep eyes on this market. Happy Trading.
USDJPY bounced perfectly above our buying level as expected and looks poised to rise further in this bullish channel. Buy above 109.98. Stop loss at 109.61. Take profit at 110.86. Reason for the trading strategy (technically): Price has made a pullback to our buying level and bounced off perfectly as it continues its way towards our profit target. Our major...
USDJPY remains in a strong ascending channel and is also above our Ichimoku cloud signalling that there’s strong bullish momentum. Price could potentially drop to our first major support at 109.98 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) for a bounce to at least 110.86 resistance (major 61.8% Fibonacci retracement). RSI (89) has...
USDJPY bounced off our channel support perfectly and reached our profit target. Look to buy on weakness. Buy above 109.98. Stop loss at 109.61. Take profit at 110.86. Reason for the trading strategy (technically): Price has shot up perfectly to our profit target after bouncing above our channel support. We now look to buy on weakness to play the further channel...
usd jpy was formired classic Zig Zag i think test this cycle for down need open sell stop this currency