Crossbourne

Crossbourne

Will check it out later

Crossbourne

I'd expect UJ to test 119.35ish to retrace the exhausted leg. I believe this bear flag pattern which is also a part of the h&s pattern on weekly chart.

Crossbourne

Accumulation in the red box targeted the leg that brought us down which was around 1.1320. So also noticing the rising wedge I tped there. BUT I didn't short knowing the momentum we are getting from the higher timeframe. Then it raised some more actually without a retest of 1.1320. I'd enter the market only for some short term progressions because I want to see...

Crossbourne

I'd expect eur to retrace the steps of the leg down..Currently accumulation targets 1.23-1.25 . This is of course if our pattern does not fail. Too hard to say whether it will or not but I'll connect this one with the shorter time frame ideas and lets see how it fits.

Crossbourne

For my personal study

Crossbourne

For my personal study, not a trading advice

Crossbourne

Long term targets to test levels we lost from previous leg down. This chart is for my personal study only.

Crossbourne

If support line remains solid and wedge doesn't fail, I believe we may test the supports we have lost. SL would be a close below the trend line and then I'll trail it.

Crossbourne

With a stop just below 1.5298 not a bad RR

Crossbourne

With a stop below 1.5330 this looks good

Crossbourne

It seems like we have a way to go to test those supports we have lost.

Crossbourne

I think we may see a pull back in USDJPY which will give a buying oppurtunity for medium term

Crossbourne

I'm not exactly a technical analyst. My ideas are rather based on macro. USD has run ahead of the yields and I think this will be corrected by USD pulling back a little. Although I'm mid term bullish on USD, I believe this presents a good oppurtunity from RR perspective. I'll track my stop with this rate and after TP this may turn out to be a excellent sell...