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Alert

USD/JPY - Major Alert USD/JPY has been hovering within the triangle structure for the past week awaiting FOMC and BOJ updates. Big Opportunity lurking. TREND CONTINUATION - Await Price action upon close of the daily candle below the triangle structure. - Enter short with TP 1 @ 100.00 Trend BREAK - Break of the Upper Red Line and Triangle Structure --> Massive Uptrend. Potential Long term trade to 120 level - Enter Long @ close of Daily candle above the Triangle Structure. - TP 1 @105 - Long Term Trade potential.
by Afaan
Good risk reward tradeWe can see that support trendline from December 2015 is still active. The NFP on Friday price push to channel middle line. We are looking for retrace to strong weekly supply zone and BRN 1.1500 then we will looking for short call. The risk reward ratio is very good. Long term we looking for break monthly demand level @1.0570 and to go down to 95.000 or 93.000 level demand zone from year 2000. The RSI is still in uptrend to 70.00 zone so we will wait it. The RSI must get momentum and retrace back to normal mode 50.00 or lower.
Short
by FxcInvesting
13
Waiting for RSI signal to start selling DAX.Hi Traders, I trade for 8 years and all these years I have been using RSI which is a free indicator which also does not lag. However, I use him with trendlines connecting with higher highs or lower lows so I can see a signal when he breaks this trendline. As you can see the RSI with those trendlines, everytime he breaks those lines it indicates a breakout and this is exactly what I have been doing with the DAX for months now. At the moment, we are very very close to break a trendline on RSI which will indicate that a top might be in place. However, do not use this tecnique as a signal!!! Use as a alert for you to find other reasons to trade. For example, we can also see that the top touched the 0.786% fib which is a very powerful fib. Also we can see on the daily that we are in the top of a channel. So with all this reasons together gives us a nice reason to short DAX. I recommend to start trading small, as the market moves in our direction, you can increase your exposure. Thanks for looking! Thiago Duarte @thiagotrader thiago@duarteinvestmentgroup.com
FX:GER30Short
by dcm2020
5