USDJPY
After this pair broke out of a triangle price is now retesting the bottom TL of the triangle and price is in a good sell zone.
Sell the break of the yellow TL.
TP 1 110
TP 2 108.5
SL 2 pips + spead above last high before the break.
On the USD.JPY 15min chart we have a potential short opportunity at the D leg completion of a Bat Pattern
The price reversal zone on this pair is between 112.700 & 112.952
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of...
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Recent move ended up in profit.
Price is now at the Daily 21 EMA that should act as dynamic level of resistance and spark short term correction for next 3 days. I'm looking to join bullish move at around 113.250 levels.
Stochastic would need to become oversold and price would continue on its way up from...
The pair is looking like it's forming a triangle, if correct the breakout would be explosive and certainly an impulse which I presume will be to the downside towards the 100 area, trade with care!
USD/JPY
113.78
Market managed to hit below 112.50 yesterday in a sign that market may have another dip toward 111.50-60 zone before resume the rebound correction toward 115.10 zone
short-run still showing ability to continue trading zone between 111.00 – 115.10 , while below 111.00 expect 110.00 zone and below
Support Resistance
Level...
12th Post. FX:GBPJPY
Any comments and suggestions are welcome.
This on my 4 hour watchlist; Potential Gartley Pattern about to hit the D leg; worth a short with tight stops at this level.
Further analysis on the FX:USDJPY .
We can see the bearish gartley completing the final leg before what I think will be a quick retrace before we start moving up again.
We have had a higher high higher close this morning on the 6am candle which has broken the downward trend we have been seeing, breaking out of the wedge shape.
I've just started to learn elliot...
USDJPY at 114 levels is looking to hit back down around 112 zone, before another up-leg.
It is currently developing Bullish Cypher Pattern as well Bear Crab Pattern Completed.
Looking to see a good DIP from here to 112 levels..
