stop above 117. Target is 50 percent retracement level
GBPJPY could make both moves, it's just to wait and see. Hope you can take advantage of the movement.
GJ (GBP/JPY) formed Double tops and divergence in my macz-vwap and daily chart, DeMarker and CCI's is highly overbought showing for trend reversal. Momentum squeeze and Momentum stochastic is beginning for the bear candle-stick expected to bounce below mtf ema again. Look at day's range and wait for ema to be above you rsi line for a good entry and confimation....
In an attempt to follow market conditions and upcoming news, I've been taking long positions after price hit a major support area. After news is released I assume amateurs are going to push prices lower for a retrace within my box. Trade within the wick and hold until content or just before NFP.
Follow da Waves!! Equal measured move and void fill. Will publish short term setups eventually. Good Luck
As predicted, CADJPY broke out of the corrective structure on the daily time frame and then formed a smaller flag. This flag has broken to the upside and indicated the start of the move that we have been waiting for. Contact me via direct message for any assistance required Cheers Linton
The Monthly chart image below shows the major resistance and support levels to look out for this pair.Currently the price is stuck between 126 and 131 levels and its looking to retest either of those levels again the coming days Looking at the Monthly charts again it can be observed that the price is confined in the long term triangle. Currently the price is...
YEN pairs seem to be showing the possibility to strengthen considerably against all majors. Technically speaking, EUR, GBP & USD all fade against the all mighty YEN. This can only mean one thing: risk-off period. Bears coming out again for another dip. EUR/JPY Technicals: - Larger degree correction still leaves room for more down-side. - Ending Diagonal...
Hye guys, the consolidation looks like the price formed a bullish pennant. Cheers
All the excitement of EURUSD strengthening had the EURJPY reaching higher than expected gains on Monday. I am shorting this pair at this level as the trend suggests a downward channel well in the upper band. Sales orders at 2 levels: st opened at 130.062 second smaller one at 130.13 SL @ 130.35 Target 1 - 129.71 Target 2 - 126,74
Looking for a short setup at mid 148. Equal measured move, 50% retracement of this move up.
Eurjpy long, target equal highs for a stop raid. good luck
Head and shoulders pattern on the weekly GBP/JPY chart. If the pattern plays out, this trade could yield us approximately 1000 pips. Target should be near 133.7 - 134 zone. What do you think?
Looks like an IHS coupled with a bounce off the trend line. Wise to enter a position at the bottom of this right shoulder with an SL just below the Head. Let's see what happens :0
As I go over the timeframes, price and lagging line has passed the cloud going down. Since its based from the one hour chart, it will take a day to get a major effect going down.
USD/JPY price action is moving well within a symmetrical triangle and is respecting trend lines. On the day chart the 200 MA (black line) has kissed price as noted (as circled). I would expect the 200 MA to serve as an area of dynamic resistance, and would place a stop loss not to exceed 50 pips above this area. Price action has respected the 61.8% fib level on...
We have a far from perfect Head and Shoulders pattern (when is it ever perfect) developing on this pair and if it doesn't break below the open price at 109.8 (50% fib ) then we're going higher, but we're divergent on 4H and at a point of major resistance, so there is more than a 50% probability we could track down the proposed right shoulder. If and it's always a...