Our DAX30 is in a indecision moment, this is the reason this week i staied neutral. It is between R1 resistence and S1, S2 supports. The triangle pattern is made by connecting T1 upper trendline and T2 lower trendline. Also in the chart you can see T3 daily trendline.
Now... my plan for the next week is to wait Monday to see where it's gonna break and...
I was looking at USDJPY this morning and after a technical analyse i got at the conclusion that a bearish momentum is near. I think that looking at 1D chart without any indicator or draw tools would be even enough to understand the near massacre of the bull-minds traders.
Anyway i could be wrong... :
The market could have a pullback on S3 pp or un...
I've opened a short position on USD/JPY. I looked at the weekly chart and saw the chart was making LL's and LH's, so the overall trend is bearish.
In addition, there is a trend line which the price rejected, as displayed on the chart.
I also used a fib from the swing low to high to see where I should have a take profit. However, the 0.328 level was below the...
2 bearish signals: bearish pin bar and 2 bars reversal appeared.
Both suggest a potential downward reversal trend.
Watch. If it breaks both the support zone and upward trendline.
It will be a 1:2.5 R/R nice short trade!!!
Trade with right risk management skill