USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow
Point A LH: 109.9 Bearish Wick
Point B LL: 107.9 Bearish Wick
Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of...
USDJPY is approaching its 1st support at 107.492 where it could potentially bounce to its resistance at 1st resistance at 108.098.
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Trading CFDs on margin carries high risk.
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Simple setup :
On D1 market show a bearish trend and broke the support level (blue line).
On H4 market start to show a triangle pattern set up (red line).
On H1 market show a consolidation (purple line).
If market breaks the resistance level (purple line) most likely market will go to 109.200 level (resistance 1) and exhausted because of long consolidation on...
We are looking for price to pullback into our support zone ( red box ) we are then looking for a bounce and bullish movement, we do have resistance at our purple zone but if price can break this we will see a lovely run up to our TP zone which would produce a handful of pips ;p
We do have loads of high impact news this week regarding this pairing, that could...
We are looking for price to pullback into our support zone ( red box ) we are then looking for a bounce and bullish movement, we do have resistance at our purple zone but if price can break this we will see a lovely run up to our TP zone which would produce a handful of pips ;p
We do have loads of high impact news this week regarding this pairing, that could...
USDJPY is approaching its resistance at 109.012 where it is could reverse down to its support at 108.147.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY has potentially formed a long term bullish pennant.
Trump has caused havoc yesterday whilst tweeting about Mexican trade tariffs.
Everything has dropped again the JPY. Could we see some relief next week?
If this is a bullish pennant, we could see the USDJPY rise above 112 in the long term.
Any thoughts or ideas welcome...
After about a week or so of consolidation those who have yet to put a sell in, id do so here soon. We could be seeing around a 1k+ pip drop coming in the next few days considering its getting much closer to the trend line.
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In the immortal words of Salt-N-Pepa ‘Let’s talk about stocks, baby!’
Nothing seems to be able to keep stocks indices down. Trump has sent the war cry as he enters a new election campaign (I have had to scroll back for 5 minutes through only two days of tweets to find it!)
‘ The Trump Economy is setting...
I think we are in a zigzag correction with w.B retracement of 61.8% of w.A and if w.B is indeed ended we should be now at the beginning of w.C which is w.(1) of smaller degree. By looking at the structure I think we are at the last wave (w.5) of w.(1) which seems to be a leading diagonal. IN MACD we also see convergence in 4 hour time frame confirming that we are...
This setup took me literally 10 seconds to spot, I just opened the chart and spotted it... This is how easy you can make trading if you block out all the bull#hit people try to feed you and just focus on the charts, clean and tidy charts!
When I 1st started out I had all sorts of idiots trying to tell me I had to use 100 indicators just to spot a trade... I lost...
This setup took me literally 10 seconds to spot, I just opened the chart and spotted it... This is how easy you can make trading if you block out all the bull#hit people try to feed you and just focus on the charts, clean and tidy charts!
When I 1st started out I had all sorts of idiots trying to tell me I had to use 100 indicators just to spot a trade... I lost...
