Short term Elliott Wave view in USDJPY calls the decline from April 25 peak (112.4) ended as wave A at 108.99. This suggests the decline from there is unfolding as a zigzag Elliott Wave structure. Wave B bounce is in progress to correct cycle from April 25 peak in, 7, or 11 swing. The internal of the bounce is unfolding as Elliott Wave double structure. Up from...
Price is approaching our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a drop in price to our major support (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the...
>>waiting for a setup to go long on this pair around the blue box.
>>Looking for a candlestick pattern before buying into this pair
>>1d timeframe shows an ascending triangle forming
>>4hr timeframe also shows the same.
Now it looks like the pair is going to retrace around 0.5 to 0.618 fib point until it decide to
form it's new trend.
The Breakout Opportunities system has just sold USDJPY at 109.657. The system recommends entering this trade at any price between 109.548 and 109.798. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.833, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour...
-USDJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close.
-The price action resulted in a pinbar setup at support which is a bullish sign.
-On the 1H time frame, price looking to break the trendline to the upside.
-There is also strong bullish MACD divergence...
The Tidal Shift Strategy has just bought USDCAD at 1.34724. The system recommends entering this trade at any price between 1.3457 and 1.34878. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.35525, which suggests that the USDCAD could be trending upwards.The 14-period...