SINCE I'M TOO BUSY LATELY WITH STUFF I'M WORKING ON...
SO I DID THIS SIMPLE ANALYSIS...
IF IT'S WORKS ACCORDING TO MY ANALYSIS THEN I SHOULD BE ON PROFIT.
You could take position on short/long, just make sure you get the best entry.
TradeSafe ?? lol
Tenkan-sen crossed the Kijun-sen from above. Tenkan directed down, Kijun-sen horizontal.
Chikou span is crossing the price chart from below, and directed up.
Instrument is trading in between Tenkan-sen & Kijun-sen lines, near the lower border of the cloud.
Closest Support is the Tenkan-sen line at 101.20 and 101.42 (0.618% retracement). Resistance at the kumo...
Pair's remain within the descending channel, I believe in the possibilities of resuming further downwards.
But observed a quite strong upward correction, likely to grow up to 102.65 and could extend to 104 (medium term range)
Worst scenario, if the assumption is correct then stop order will be placed accordingly shall the pair's trading up until 104 -105.
Price rallied up to 1.1180 making new HH, but Stoch failed to make a new high.
BB moving horizontal and narrowing. Middle line is no longer supporting the instrument. Upper band is expected to be the closest resistance and lower at 1.1148 is the support.
#Price broken down the lower border of the sideways channel and support line at 1.1185, which now has become...
Technical Analysis for USDJPY on H1 chart above was initially planned for the short term range within the level of (Support) 101.80 - 102.50 (Resistance). Consisting of 70 pips in total accumulation in between those levels. R:R = 1:1
Key Factors for this setup are the PA swings, Closed Candlestick, and the up/down-trends strength to plot for the PO Buy...
Another Technical Analysis, based on the trend-line S & R
Updated ideas for a short orders to the extension of the lower price level, long-term. Recommended indi to work with this analysis is the Stochs Oscillator for entry order.
Critical comments are welcome. If there are any mistakes, please let me know.
Data on the number of US weekly jobless claims is better than expected. Bullish for US DOLLAR.
Taken the opportunities on the positive data from US jobless claims, I've set 3 pending orders for short on this pair for 3 initial targets. Total of 218 pips.
3 TP was set for 3 orders. 2 closed. I still expect the pair to continue fall towards the level of 0.7490....
The pair is currently trading within an ascending channel and trading almost near towards the upper (long-term bearish) trend line.
Pair grew after significant fall since beginning of the week. US dollar strengthen supported by number of jobless claims. But we have witnessed the pressure on the upside for dollar to continue grow towards the expected level of...
INSTRUMENT IS FALLING, BUT NOT RECOMMENDED TO OPEN ANY POSITIONS AT CURRENT PRICE.
PENDING ORDERS SHOULD FOLLOW WHAT THE CHART HAS TO OFFER.
"WHAT YOU SEE, IS WHAT YOU GET"
TRADE BY YOUR OWN STRATEGY. ALL THE BEST
THROUGH OUT THE WEEK, I WAS SPY-ING LONG FOR THIS PAIR. CLOSED TWICE 1)MANUALLY 2)TP AT 136.90. (LOCAL RESISTANCE)
BUT LONG WASN'T SATISFIED ME ENOUGH WITH THE LOOK OF THE DOWNTREND ON D CHART.
SO THIS IS MY IDEA FOR SHORT, MEDIUM TERM. I HAVE SHORT FROM THE TOP WITH SELL LIMIT TRIGGERED AT 137.02, AND STILL THERE IS ANOTHER GOOD ENTRY FOR SHORT.
SO WATCH OVER...
I personally like the idea that NFP on USD will resulted negative and USD continue bearish. If that assumption is correct, another short idea from current price or from the pullback expected at 103.50/55 or less and target profit around the middle area of the channel 102.65 down to 101.10. Stop loss 20 pips above entry price.
**trade this idea on ur discretion....
A very simple of a wave analysis. We saw previously was the completion of the impulsive wave (v). Assuming downward correction of wave (a) have formed, and going down towards the 61.8 % fib line for retracement, then will again resume its way down to complete wave C.
My idea was to short GBP, exactly when the confirmation bearish candle formed, from the level of...
Downward correction can continue for a short period. Growth tendency remains.
Price is trying to remain below the level of 102.30 (23.6% correction).
Short positions can be order after the level of 101.85, (descending 50% fan line, middle line of BB) is broken down.
Return to AUG lows 100.68.
If price rebounds from the level 102.30, it cud grow to 103.26...
Tenkan-sen line is below the Kijun-sen line, red line is directed downwards, the blue one remains horizontal.
Confirmative line Chikou span has crossed price chart from above, current cloud ascending.
Instrument trading around lower border of the cloud.
Previous min of Chikou line is expected to be a support level (1330.74)
Closest resistance level is the upper...