The target level of the first consolidation has not yet been reached. Now a new consolidation is being formed. The target level of the new consolidation may become the main one. A good price for opening a second long position has not yet been determined.
It is possible to form a consolidation with a breakout up.
It is possible to form the medium-term model "Head and shoulders".
Buy in the region of an upward support level in the hope of forming a long-term uptrend with a target in the region of long-term resistance level.
Two scenarios for long-term consolidation: 1. Break up consolidation and continue the uptrend. 2. Move down to the upward level of support. Waiting for the signal in favor of one of the scenarios.
We can search for and use trend continuation models to open additional long positions. The goal of the uptrend may be in the region of 0.8520.
Long-term consolidation is broken up. It makes sense to consider the possibility of opening a long position with a target in the area of long-term resistance level of 118.66. The situation with the Nikkei index was not in favor of a long position in the yen. Correlation of the index and the yen is still preserved. But if the dollar strengthens against all major...
A breakdown of consolidation up may give an opportunity to take a long-term short position. Break down is also a good opportunity to take a long-term short position.
The resistance level of 1.3049 was not breached. It is possible to form a descending model 3W. The target level may be a long-term support level of 1.2106.
A reversal model 3W is formed for the medium-term rollback downward.
Local models for continuing a descending trend can be used to open short positions. The target level may be an upward support line for long-term consolidation.
Possible breakdown of the upward support level with further downward movement to area 1214. It is also possible to roll back up, after which the descending movement will continue.
It is possible to rollback downward from the downward resistance level of the long-term consolidation model.
Continuation of the uptrend after a short-term consolidation.
Consolidation in the area of a long-term downward resistance level. The target level of the uptrend has already been achieved.