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...
So... Seems, it's starting Main C wave or we're still in corrective B wave... That's all.
Wave iv (in Red) formed in ABC Here C may be not complete ,,Take the long on completion of C or on the break out of trend at 15 min Chart Next wave v in Red will form in 12345 for sure . Targets are 119 / 120 Thanks for support and following me If there is any comments or question feel free to send me a message. Elliot Wave By mazchaudhry
WAVE 2 DONE NEXT TARGET BETWEEN 121 TO 122 STOP BY BREAK 112 AREA
USDJPY SELL From Zone if break up level then go up 123.391 level i m expecting sell position For Retrace is must
Purple area show that sell area. While the orange field shows another pattern. There may be a possible divergence here. I think the trend is going up again after the climb.
We are probably in the 4th wave of a 5 wave structure. Therefore the price has two confluence zone where it will retrace. I guess it will be the 2nd confluence zone which will end the 4th wave to start wave 5 down.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential short position for at-least 200 pips. I'll post a weekly chart, It has a potential to go up and then it will go for another down move. .TP & SL are mentioned in the chart. Adjust your Stop Loss according to your lot size, account equity ,strategy & money management. ***If you want to get in...
Lovely time to get short on this pair, yen helicopter money ruled out and the buildup ahead of FOMC this week will both aid in this cocktail of strength for yen pairs. All eyes on BOJ towards the end of this week with their interest rate decision. Thank you for all the kind comments, I am humbled by your response - Please support with a like and comment! Trade...
Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential trade for at-least 6400 Pips! This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points for both sides (Short & Long). If you follow this trade properly , this single trade will be enough for a year :) I have also...
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...
USD/JPY Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60 As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60 Mid-Run: ...
The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show...
We are in corrective structure after a 5 wave move up on USDJPY. We seems to be in the latter stages of an end to the correction. Overall a breakout to the upside is expected. Remember this is a Daily chart, so it may be sometime before it pans out. Price zone to note is 119.50 - 119.00. Price action in thhis zone would give clues about what possible correction...