Clear divergence in 1 hour and 30 min chart high support area gap is not filled re correction & fibo level to be touched back Clear divergence in 1 hour and 30 min chart high support area gap is not filled
Short Trade :) Correction 50 % for smaller fibo with bigger fibo 38.2% so it will come down as upper side high resistance .. regain energy in the downstrem then with full energy will take a particular direction
I guess will go up after a small retracement ... small time frame is showing retracement strong trend line & below resistance area strong... if it goes down it will bounce back from the trend line
i think it will go long after some time ... after meeting the strong trend line it will pull back for continuing the oscillation as per the weekly time frame :) but for precaution i WIll open the trade after pull back happen for short period only .. will give some pips ... Happy trading :)
USD JPY stuck in triangle .. High probability will break upward ... will open my trade when it close outside the triangle .. 1 st TP point will be marked . when it crosses blue line then open 2 order and 2 Tp point around 113.075 as marked in graph going below very less chance ... as two strong trend line mating at this area . . confirmation of 38.2...
this is difficult one .... not much signal given in this chart i guess this will keep going on for short time and then will fall slightly bigger pips. on short time frame it is stuck in a wedge which will end soon it should respect fib 38.2 this one not very confident. :)
wedge formation ( i am not sure it is called wedge or something else in forex) trend line intersection light resistance area :- 1.17561 to 1.1760 ( will play a great impact to reduce momentum ) fibo my favorite level 78.6 residing inside this are intersection all the above at the point of wedege and reiding inside the resistance are 1.17673 M formation...
Short reversal .. strong resistance line . and inner trend line forming . X-cross & fibo retrenchment confirmation... small area for free flow 1.333 - 1.338 .. revresal after touching 1.333 .. going down then 1.333 meet strong inner resistance and then going up . :) my 2nd idea :) Please correction my thinking process,if not correct ?
Short reversal .. strong resistance line . and inner trend line forming . X-cross & fibo retrenchment confirmation... small area for free flow 1.333 - 1.338 .. revresal after touching 1.333 .. going down then 1.333 meet strong inner resistance and then going up . :) my 2nd idea :) any correction in my thinking process