troyjpentecost

troyjpentecost

The pair has been heading up for a few days now and has only had a minor indecision moment around 107.790 - 107-970, but appears to have broken upwards. will it retrace around the next major resistance? It has been lower than i'd value it recently so i can presume over time it will increase. We could sit around the 108.300 - 108.400 mark for awhile and break out...

troyjpentecost Updated 

USDJPY never fell past 107.210, and has bounced twice off the same gradient, im curious to see whats going to happen if the resistances uphold and drive the price down to the green triangle. if the price enters the green triangle but never breaks through the green, it could potentially stop going down. that would be an ideal entry spot if the pattern...

troyjpentecost

If green is broken whilst red upholds, ride it down, if green upholds and red it broken, potential chance it WONT GO DOWN = POTENTIAL TO GO UP.

troyjpentecost

Has just broken through the previous support as suspected, has continuously broken through the other upholding supports and seems like they can't quite hold for too long. Two other big drops have very similar angles from their highs to lows, however it seems like there is a newer gradient being formed to play against. Im suspecting it to continue going down if...

troyjpentecost Updated 

If break through the red line, sell. and wait for it to break past the green down trend to cash out

troyjpentecost Updated 

If blue line is broken, ride the green down trend until its broken, and vice versa; if the green trend is broken, ride the blue line up until its broken.