Watching "Crucial Zone" for direction Overall my bias is bearish Going long once price action hits the low .6800's Also watching other USD pairs because they usually move unison
Taking a short now with tight stops. Going long if price actions shows bullish direction after hitting my support zone.
Watch 0.70739 for break to the down side or trend continuation
Sell the breakout at 23.60% (0.95325)
Bullish pennant eventually to form maybe just a thought; short in the near term
USD/JPY CONSOLIDATION TRADE? USD/JPY TRIPLE TOP RESISTANCE AROUND 109.50 AREA GOOD RISK TO REWARD HERE TAKE PROFIT RIGHT AT 38.20% MAJOR STRUCTURE SUPPORT LINE STOPS ABOVE RED LINE
Flag Pattern forming watch for break to the downside for targets at 38.20% 0.78663
Most likely gonna hit 38.20% at the psychological major structure level 108.00 Gonna Watch Price Action after to indicate direction
My bias is towards the downside If price action falls below 155.00 psychological level might go short. Targets at 0.764
Break of 23.60% indicates downwards direction Watch 2.1050 psychological level to see if structure holds If it doesn't I have my targets placed at 38.2% 50.0%
HOPING TODAY USD/CAD WILL ATLEAST REACH 23.60% 1.2980 SEEMS LIKE ITS ON ITS SECOND ELLIOT WAVE UP?
WATCH FOR A BREAK BELOW THE PSYCHOLOGICAL LEVEL 1.14000 To indicate possible direction to 23.60% at 1.13500
Entry - 2.10959 R/R - 1.0 T/P - 2.11959 - Just before 0.382 Fibonacci S/L - 2.09959 - Well below harmonic level
Entry - 105.99 R/R - 2.05 T/P - 107.20 - Just before 2 fibonacci confluences S/L - 105.40 - Just after major trend line level of 105.50 B/E - 106.60 Note : Gonna go short immediately after it hits 38.2% Fibonacci at 107.334