The H4 TF of USDJPY has just broken through support signaling a trend reversal. We have had our initial 1-2-3 move and now looking to retest new structure.
EJ is currently ranging. Im neither bullish or bearish yet until we get a clean break to the upside or a clean break to the downside. Once this happens I will be looking for a retest of the range zone for entries.
Pure price action. On the Daily level EU is making a beautiful series of Lower Highs and Lower Lows. We are now retesting the top side of the trend line for a look to a big downside movement. If price closes above the trend line on the daily TF it may invalidate the trade for me. As of now I am bearish
GBPJPY broke nicely through the 1.45 Resistance Zone. Looking to have a retest of the now daily support level of 1.45. On the one 1H TF this creates a downtrend. Looking to retest the 1H now resistance level to continue to fall to the downside towards 1.45.
We've had our 1-2-3 move to the downside on the Daily TF creating a downtrend. We are consolidating but have not broken back above the previous major resistance level and now have a possible evening star candle formation on the 4H at the major resistance level. This may have a false breakout before continuing to fall, but it is possible it will break through...
We've had our 1-2-3 move to the down side on the Daily TF. Price has broken through support and has now retested now resistance with a REJECTED Shooting Star Daily candle and Moving Average. Expecting price to continue to the downside to the next level of support.
