tyrek_l

tyrek_l

Price is nearing a strong daily resistance that has been tested and now used as a notable resistance/ reversal point.

tyrek_l

Price has come across resistance that have not been broken since August of 2019. Candle sticks have not had a significant break to be established as a trend for continuation. The candle sticks are showing exhaustive patterns for resistance. This is a possible short.

tyrek_l

Comment if you have any questions...

tyrek_l

This is a review and a prediction of price action and chart patterns. Comment if you have any questions about the prediction.

tyrek_l

Bearish sentiment is strong. Bearish cross in EMA's, price action is forming a bearish triangle. Bears is not strong enough to carry price lower, however there is a lot of news upcoming, in my opinion the strength will come from there or before. Since price was rejected to go lower I expect price to form a new lower low, the gather strength to push price pass my...

tyrek_l

Price is technically bullish. I expect price to take a break and retrace to nearest support before having a strong bullish uprising. As seen on the chart price is rebounding between trend line and the hour intersecting line. Forming a sideways triangle which is typically a neutral pattern, However trend line was drawn a higher time frame so in my opinion the bulls...

tyrek_l

If price is to be long price must feel up the triangle. If price only do one lower high then we are facing a bearish market.

tyrek_l

Price is finding resistance at my .11004 support/resistance line and is feeling up my triangle that is made to predict price. Still trending upward and the price fibs level is 38.2 at support, is considered confluence. Price is also rebounding of of my EMA

tyrek_l

Price cannot break pass .330 psychological level. Bears cannot push pass 23 fib level Price wicks are lining up with support. Strong buy signal

tyrek_l

Read Chart

tyrek_l

I usually do not post so much on the same sequence of price action, but last week I tried something new and forecast price way in advance, instead of going on concurrent moves. Just showing updates on my predictions.

tyrek_l

Price is about to prepare for entries

tyrek_l

Bullish usd/jpy

tyrek_l

Possible 1 hour market reversal happening soon.

tyrek_l

How i thinh the price action for usd/jpy will go. Long long term, however, a short correction is coming.

tyrek_l

We are in a correction, price should reverse at the black line. Long positions should be stopping out.

tyrek_l

I do not see the bullish momentum sticking around for long, however, there is still a lot of upside left. I do not post my actual thought process to get to the conclusion because I do not like long post. There is a lot of resistance at the designated area. I am trying to get my rep up on trading view so if you like my channel do not forget to like.

tyrek_l

Price is looking bearish. You can be conservative or aggressive. If you are conservative wait for black daily trendline to break. If aggressive start looking for entries now. Price is bearish in my opinion because of resistance lines lining up around price action. Also because of the bearish sentiment in the market. EMA's also.