#JUP The price is moving in a descending channel on the 4-hour frame and we are about to break it We have a bounce from a major support area in green at 0.600 We have a downtrend on the RSI indicator that has been broken upwards We have a trend to stabilize above the moving average 100 which supports the rise Entry price 1.10 First target 1.28 Second target...
#JUP The price is moving in a descending triangle and sticking to its boundaries well We have respect for the lower border of the channel at 0.4600 We have an uptrend on the RSI that the price is following well Entry price is 0.5126 The first target is 0.5260 The second target is 0.5429 The third goal is 0.5624
Keep it simple as we form the base for the cup and handle pattern (big potential breakout) Jupu has tagged green on daily time frame Look for test of fibs and 4H green shades on Jupiter Pendulum for your setup
Captions provided on chart Read into WHAT the candlesticks are telling you A chart and a candle and an indicator is simply a way to DISPLAY INFORMATION, nothing else What will you do with this information? What setups do you look for with this information? How do you manage risk?
Trade of the week once again goes to crude Beautiful double top setup with trendline break and retest We had a failed breakout and a bearish engulfing for entry We had divergence and red shade (extreme overbought conditions) on every timeframe on the Jupiter Pendulum Full Breakdown on YT Shorts
Jupiter Pendulum was tagged red so we found a short setup at red shade as per Jupiter Pendulum Theory When the divergence formed and we got our signal candle, we had an entry
A breakdown of our CADJPY position this week Textbook #jupu setup #jupiterpendulumtheory
Don't be so naive as to think this cant happen again Jupiter pendulum with a major signal this year and its the first time we would have a bearish candlestick pattern (engulfing) to add to the shade turning off and pendulum flip New all time highs might very well come in the 2030s
Waiting for the bearish jupiter candle to print as the red shade has turned on USDJPY as we approach resistance
Nothing like a Jupu signal candle combined with a pendulum flip Especially when combined with a red shade (extreme overbought conditions) turning off like the example at the beginning of this image