ANALYSIS It is meet at the resistant line 3 times. RSI divergence, so i think it will move down. From E Wave, it will form the impulse wave 1-2-3-4-5 done.
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
I am waiting for USDJPY 109.00 level to break amining for 108.75 for Short term trade.
Depending on where price makes its moves we could see a breakout of the trendline with divergence confirmation. If price continues to push higher we could see price extend to previous resistance
1D: Active trade. Sell @ 109.563 SL=110.75, TP=106.48 A close above 110.62 would invalidate this trade and could indicate a buy. Close above 112 would definitely indicate a bull bias. FYI - lower charts (4h or lower) still have ST trend up. More conservative entry would be to wait till break of 109.30 and confirmation of move down. There is a...
Monday saw a bearish close on a failed re-test of the daily trend line. Previous price action rebound off of this line have led to deep corrections and scope for a re-test of lows at 105.579 are possible based on previous corrective structure.
USDJPY seems to be at the top considering a very consistent trend channel that started in early April 2016. In this chart particularly I'm using an inner channel to help define possible support / resistance levels. These also help create a clearer picture of the possible continuation or ending of the trend when digging into 5m and 15m charts. USDJPY seems like a...
Hitting 0.7 Fib from last leg of the trend, also strong resistance with overbought market End of the short upward move after the bounce up from the support. Continuation of bearish trend GL
From the last plan my wave count is wrong, and now i think it just not finish 4 and going to wave 5. Now first TP of wave 5 is meet : 110.3 IF it going on, next TP is : 111.4, 113.15(wave 5x) IF it end of wave5, it will go down to wave A My plan is wait and see, especially the reversal candle stick pattern. Cheers.
Very apparent resistance level + the failed breakout: short SL:110.30 TP: 104.47 A great trade.
This pair may hit moving average 144 and annual pivot
Price action is respecting the downwards trend channel, price will then hopefully follow the tempory uptrend until it hits the channel's resistence, if this target area gets reached then we will see bearish movement towards the target if all goes to plan!! Plenty of pips up for grabs :) What do you think?