COGS86

COGS86

The chart tells 2 stories. First, the rate drop July 30th. 7 days of strong downward trend, afterward. News spike, comfort zone, FED minutes...........Powell Speaks, the market reverses the following monday. Even though bonds maintained a solid downtrend UJ wanted to recover. As it always does, thats why this pair is the only pair I trade. Its the best for exactly...

COGS86

Isnt that a beautiful flag? Giving clear trading parameters?

COGS86

USDJPY, possible bearishness to gain momentum

COGS86

With the channel forming and price bouncing off the weekly trend, as well as the lower trend line on the 15 min. Time to see the continuation of a strong USD with this pair. Short-term watch for some bounce points marketed on the chart.

COGS86 Updated 

Update price: Wanting to reach 113.3-113.1 and 113 www.forexfactory.com

COGS86

USDJPY has been bullish and looks to want to continue to be bullish, with this flag formation.

COGS86

Update: Price reached 1st Target of 113.84 (Bounced beautifully it did) Both sides of this move, a trader must not be afraid to trade. For now we have moved into a strong battle. Couple different possible targets. 113.37-.46 on the underside And 114.35 on the upper side Price will eventually retrace to 113.37-.46 before or after hitting 114.35 114.35 is the...

COGS86

If or when price breaks this bullish flag expect price to reach the 1.42 fibo from the move yesterday at 113.84

COGS86

Move in a straight line, we might not see. But price wants to go to 114.2, hmmmm, Previous daily resistance, this is. Looking at this, the H+S, you must watch it grow, use the fibo projection tool, 142 you see! Within 3-10 days you will see price hit this price point 114.2 www.forexfactory.com

COGS86

Price bouncing off the Bullish flag, right at weekly open!

COGS86

Potential break for either side, most likely will continue higher to last weeks high of 112.86 and push higher to 113.05 but if price breaks below the flag the downside move to 112 is possible.