UJ broke the supporting trendline, and the 200 Moving average. Both shows us that UJ is heading for a reversal. I will wait for it to try and retest the lower side of the pink rectangle, creating new resistance and getting rejected, before shorting.
EU recently hit it's resistance trendline and was rejected. It's showing bearish momentum. If it closes below 1.11720, I'm going short. TP when hitting supporting trendline. Be carefull around support/resistance zones - pink zones.
Since April 2018, EUR/USD has been in a down trend, with lower lows, and lower highs. The reason why the title says "High probability" is because I see similarity between what happened with EU from the beginning of June 2019 - end of juli 2019. This "coincidence", in addition to the over one and a half year declining trend, makes me comfortable with executing...
Watch for breakout, this is my strategy for both scenarios.
UC is currently forming an upside down, head and shoulders. This means there is probably going to be a short opportunity within some days. Im trying to catch the dip on the right shoulder. MY PLAN. - ENTRY: 1.33222 - SL: 1.33941 -TP: 1.31400 If this bull flag (currently also taking place) is strong enough to stop me out, i'll watch for re-entry around 1.3400...
USD/JPY may just have hit a correction. Wait for breakout on the support trend-line or confirmation of the price following its trend.
Wait for confirmation, price is still above 200MA.
USD/JPY showing flag pattern.
EU touching crucial support at 1.11227. Wait for bearish confirmation.
DXY bearish, chf futures strong. MY TP: 0.97975 MY SL: 0.99753
Looking at the daily chart of EU we see that it's currently still in a downtrend. the short EMA is touching the long EMA and the price is still way under the 200MA. We can expect a continuation of this downward trend the next weeks.
wait for bullish confirmation at 0.99346