I will find reversal pattern in this area. Get you guys updated. I wish i won't miss this time.. Good Luck for Us..happy trading. @scandicfx
Sell below 113.95. Stop loss at 114.95. Take profit at 112.56. Reason for the trading strategy (technically): Price has reached our profit target perfectly. We now turn bearish below 113.95 resistance (Fibonacci retracement, horizontal resistance) for a drop down to 112.56 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing...
Take Entry @ 112.40 Take Profit @ 110.74 Stop Loss @ 117.50 Best of Luck !!
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15. Reason for the trading strategy (technically): We remain bullish above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance). Stochastic (21,5,3) is seeing strong support...
Hello everyone ! For USDJPY I personally going to take a long position. Thanks
So... Seems, it's starting Main C wave or we're still in corrective B wave... That's all.
Sell below 115.30. Stop loss at 116.30. Take profit at 111.35. Reason for the trading strategy: USDJPY continues to drop nicely and has reached our first profit target from last week. We now remain bearish below 115.30 resistance for a further push down to 111.35 support. RSI (34) is seeing descending resistance pushing price further down.
USDJPY major levels of resistance: 121.80 (Fibonacci retracement, horizontal swing high resistance) 118.60 (Fibonacci retracement, horizontal pullback resistance) USDJPY major levels of support: 111.35 (Fibonacci retracement, horizontal pullback support) USDJPY technical indicators: RSI (34) is seeing major resistance at the 64% level. Stochastic (21,5,3)...
USDJPY finally BACK to south cave - but don't be fool by it
1. A good buy entry if price breaks above 118.850 with T.P. @ 121.480 with S.L. 116.500. 2. A good sell entry if price break below 115.990 with T.P. @ 110.880 with S.L. 118.800. Here are the factors that may move the market for the week. Alternatively, check forexfactory.com calendar. Jan 10 Tuesday, JP bank holiday Jan 12 Thursday 9:30pm SGT, US-Unemployment...
USD/JPY having the strongest upward trend. But, watch the upcoming relatively weak resistance zone. There are chances that the price will consolidate before breaking the resistance zone again. If the price breaks the resistance zone, long side will be preferred. Trade safely with proper risk management skill. :)
USD/JPY was very bullish over the past 2 weeks. We are still bullish for this pair too. Nedd to monitor closely. If the price breaks the resistance zone strongly, wait for pullback and long for this pair :) Risk to Reward Ratio is 1:2 Trade with right risk management :)
Possible selling opportunity on USDJPY. Selling because neutral or dovish NFP report tomorrow. Expecting USD downward momentum continue after Trump news and JPY safe heaven effect.
MAJOR SUPPORT TREND LINE AT 99.181. PLACE A BUY LIMIT AT 99.181. STOP LOSS AT 96.589
Linked below is my USDJPY short idea. Give it a like if this has helped you in any way. Follow for more ideas and daily updates.
MACD4c on 1D chart, is giving a sell signal , the contracting triangle can break on any directions but there are more possibilities that it will bo down as it's a downtrend. It's a very good risk reward setup :) Give it a like if this has helped you in any way. Follow for more ideas and daily updates