A lot of traders were expecting Bearish scenario for USDJPY, but as you see, it is failed. And nevertheless we are green on W, D and 4h. We have been trading in range for a while (111.622 - 115.444), if we will copy the projection of this range above - target will be 119.226 what is above dynamic trend line. What give possible chance to break this TL. I will be...
Advise - not to trade near 200MA and so important TL. High probability of fake braking and also possible manipulations. Remember, that we have bearish trend.
We are green on M, W, D and even on 4h chart what give bullish view on this pair - so no doubts with direction. UP Price respect yearly ascending channell making HL and HH. UP Currently moving in Ascending broadening wedge and seems that ready to brake dynamic TL. UP BUT What about median line of this ascending channel, seem that it is play not the...
Tricky moment: Bearish trend (below 200MA) Rising wedge (high failure rate) Pin bar on 200MA Bearish div. Horizontal resistance BUT Green colour of candles don't allow us to sell. Breaking rising wedge and close above 0.8 or below 0.75 will show us further direction.
Here we can see more clear bullish signs for EURNZD. Break 50 EMA or not?
look like we are going to smash down heavily. If i'm wrong - correct me. (Still learning.)
Break, retest - short. SL - previous high. Good luck.
Broken TL, created HH, retraded quickly previous structure. Currently price sitting on 50 ema what reacting like a good support area. If we break up TL - next target 1.325.
If you missed this rally, don't worry, you'' have second chance if price return to 1.0388.
Wait for bearish price action on retest.
We tested previous structure and continuing going short. Just after we will clear 145.4, going to add positions targeting 132.0