One of 3 things could happen this week. I am waiting to see how the next few candles print, but it looks like it will be a great trade for the middle of the week. It could bounce off the trendline and continue up on the purple line, or it could smash all my hopes and dreams with the green line. The most likely path it will take is some sideways/downward...
Looking at a potential trend continuation around the 111.000 area. Daily chart indicates we are bearish with downsides towards 106.000 area. This indicates we have room to hop on the downtrend we are currently in. Recently the 111.000 area has held strong support on 3 occasions. There is a good probability it could hold as resistance if price gets there again....
Wave 1 is complete, wave 2 came down but not 100% of wave 1 and went up and now where looking to get in on wave 3.
As seen in the weekly chart. We see price is indicating a bullish momentum to develop again in the pair. 1 - We are at the 38.2% Retracement Level of the major upswing. 2 - Price respecting the uptrend line, perfectly. 3 - Hidden Bullish Divergence in existence, shouting another push up is welcoming. Good Luck, let us see how the market trades it next week. Just...
Market Condition:USD/JPY Daily Breakout Target 1: 108.66 (2X ATR) Target 2: 106.66 (4X ATR) Invalidation: 1X ATR Reversal to 111.66
entree with Price action 110.98 TP1: 112.21 TP2: 112.67 SL:110.09 .. Do not forget a Like (y) if you agree my idea :) !
Entry: 112.676 Target: 113.738 Stop: 111.978 R/R: 1.52
USDJPY within a channel. Waiting erupting 113,128 Good trades!!! *DISCLAIMER: Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and...
RSI Oversold, hoping for completion of gartley pattern.
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements Price is approaching resistance levels around 114. levels. I expect price to return to 112.8 levels before continue its way up. At 114 levels there is a resistance and weekly R1 pivot point. Stochastic is overbought and currently riding 21 EMA...
The US Dollar fell to a four-month low last week with prices testing 94.50 support on dovish FOMC meeting. But prices managed to reverse their losses with the Dollar Index posting steady gains, for the most part, this week. Prices rallied for nearly four consecutive days after falling to the 94.50 support. The gains in the US Dollar came about as various Fed...
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements Price action has been just fantastic. I have predicted retracement on the way up and were buying retracements. Now the price is approaching 21 EMA on daily chart. This is also a resistance zone based on the price action and 113 Psych level...
uj potetional bearish crab.
Your comment or Like is highly appreciated.Thank you! Recent move ended up in profit. Price is now at the Daily 21 EMA that should act as dynamic level of resistance and spark short term correction for next 3 days. I'm looking to join bullish move at around 113.250 levels. Stochastic would need to become oversold and price would continue on its way up from...
USD/JPY Weekly outlook, we have a couple reasons to think this is a bullish retracement. Returning into the weekly drop. Something to look at.