USD/JPY 12/7/2017 The correction wave in an uptrend
Updated
I think the price may be adjusted down before rising again
There are some signs of this
On daily chart:
- Gartley pattern appears
- Triple divergence of Stoch
- Shooting star at the resistance. However, this is a weak candle
On H4 chart:
We'll see.
There are some signs of this
On daily chart:
- Gartley pattern appears
- Triple divergence of Stoch
- Shooting star at the resistance. However, this is a weak candle
On H4 chart:
We'll see.
Trade closed manually
I sold as soon as the price just broke the wedgeHowever, I noticed that buying power is still very strong
With 50/50 chances like this, you need to be safe
Return on capital : 0%
Note
Price is in corrective waveI Currently have no position this pair
Note
Note
Simple chart by price action analysis methodsOn daily chart:
-Morning star appears
-If the pattern is correct then the target is at least 116
On H4 chart:
Note
Stopping buyings position when the throwback priceThe pattern does not work
Note
Can be buy buying position againThe price was broken the channel
Note
Although there is a nice set up but I cancel pending buying order Looking to the other XXX/JPY pairs and Gold, I don't feel really okay
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.