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Waves

USDJPY CARRY TRADE UPDATEFrom a technical standpoint we can see both momentum and trend intensity (angle) increasing. The retests in USDJPY are becomming less frequent and not as deep. Chances of continuing to the fib extension area of 138 is extremely high. Fundamentally the new BoJ gov nominee is known to be very DOVISH, Japanese yen should continue coming down to earth. Which makes the long term outlook of this pair rather difficult to analyze, however from a medium term a trip to the next fib zone should be expected
Long
by NakedTrading4U
1
✴️ Waves Of Growth (Update)We've seen some growth since our last update. WAVESUSDT found resistance yesterday at MA200, a rejection happened but the current price remains above EMA100/50 and EMA10. Bear volume was high yesterday but the fact that no considerable drop happened favors the bulls. The MACD is crossing north above zero for the first time since February 2022. When this happened last year a major bullish wave took place. It seems this year it will be the same. 86%+ first target at EMA300. 267% second target as this move develops. Patience is key. The bottom was very likely set December 30. Namaste.
Long
by AlanSantana
4
BTC - OK - Now we can talk about a bigger pullback incomingI am finally ready to talk about a real possibility that we'll see a pullback coming soon. Watch the zones up above us around the 26300 area. There's likely going to be a pullback starting from there. Be careful not to do anything stupid, though. This is still a bullish trend after all. Whatever pullback we do get is likely not going to go to your downside, take out november lows, targets. Believe me when I say that whatever pullback we get will quickly get bears frothy and totally overleveraged and will probably just get decimated again. The bigger question is whether or not this 5 wave structure is the beginning of a bigger move up, or if this is the completion of a move. We will need to wait and see how we come down from the highs to make a determination on what happens next. Watch your indicators. They're going to be very valuable here. Watch for buy alerts and squeezes. Trade carefully! Cheers!
by bitdoctor
WAVES🌊 tsunamiWassup guys! Waves broke the dam in form of this triangle📐 and I think there is chance for "splash" to 3.07 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you. ENTRY : local high @ 2.515 STOPLOSS (SL) : local low @ 2.315 TARGETS (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 3.07 but I see also lower hurdles @ 2.82 and 2.95. REWARD RISK RATIO (RRR) : 1.5 | 2.15 | 2.75 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
WLong
by bizmark
6