Comments on charts. Feel free to comment and like
Trading a break of the 76.4% fib or 50% fib level is likely yo yield a favourable trade. So what is going to cause a break above or below these levels? BOJ chief Kuroda is speaking in the early hours of Monday morning while the Chinese Trade Balance is out sometime on Tuesday. The Kuroda speech is likely to have more sway in moving price action however if it...
Short term wedge looking to close soon , sell or buy the break .keep an eye on 'R1' & 'P' pivots I'm Bearish on the pair and think it will break down some support clustered around 113.50 - 113.00 Trade it as you will
Breaking out of the symmetrical triangle will confirm the uptrend
Potential head & shoulders set up over the last 15 months Left Sh Dec 2014, Head Jun 2015, Right Sh Dec 2015 Last 2 month H&S refer to USD/JPY TRADING PLAN - PAT MORITA PATIENCE 2 Left Sh Nov 2015, Head and Right Sh Dec 2015
1. a bearish cypher 2. rebound to near 123+ former top 3. usd may face "sell the fact" after fed 25bp hike sl:123.70 sp:121.80/121.20/120.30/118.80
hey guys I am new to analysing charts I just want to get everyone's opinion on this chart I have drawn for USD/JPY
Short U/J at current market price. S/l and T/p according to the given levels. Trade well! Makkaba team
On the USD/JPY Daily chart we have a potential short opportunity at the D leg completion of a Bat Pattern. The price reversal zone on this pair is between 124.194 & 125.235 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern placed at the .382% and .618% retracement of...
This announcement takes precedence over other forms of technical analysis: candlestick patterns, pivot points, etc. Instead, time leading up to the announcement ( minutes before ) & the larger trend becomes critical. During this period, other forms of technical analysis (Pivot Points & Elliott Waves) take a backseat.
(a) - (b) - (c) completed The larger A-B-C would make the USD/JPY go south to approx. 121 levels. Entry 122.85 | Stop 123.56 | Exit 121.0
UJ has been in a nice uptrend for some time; although this is a weak bearish t/k crossover, price is slowly returning. I'm looking to take profit to the cloud, reset the SL, and watch for the breakthrough or rejection. * Update on UJ; the trade was working out exactly as predicted and it was up 22 pips from posting...until...the Japanese made an unannounced BOJ...
Price is consolidating on the Daily Charts creating a triangle formation. Dropping down to the 240 minutes chart, there is Bat Pattern and a Gartley Pattern completing at the same resistance zone. Also the dynamic resistance trend line from the triangle formation on the daily charts confluence with the completion of these potential bearish trades. #HappyTrading
1) SP500 on ALL TIME HIGHS, MEGAPHONE pattern, GLOBAL RISK OFF 2) Investors confidence extremely BULLISH 3) YEN INDEX is technically EXTREMELY OVERBOUGHT, ABOVE 2 STANDARD DEVIATION BOLLINGER BANDS on daily basis 4) USD is EXTREMELY OVERBOUGHT aswell as US growth has been EXAGGERATED. Wage growth is WEAK, and INFLATION EXPECTATIONS are really WEAK, so FED...
Measured moves shown on chart. If 71 holds then 78.50 and 82.50 are next upside targets
Next week we should observe testing Supply Zone. Should closely watch how the price will behave when it reaches the edge of the base. It is worth to correlate this with the MACD because at the same time slowly draws the signal pro sales there. If the price is declined again in this area, taking a short position will be "the best way out of this situation" :)....