Everything looks like we are in the tunnel of flashing back to 2007. Looking into the monthly chart, the similarity of Nov 2017 and Dec 2018 smashed my head. Whatever pattern or indicators show an extreme bearish trend which might bring the same level tsunami to the market. I strongly suggest to dump any risk assets in your hand and buy in JPY or gold. For...
Perfect inverse hs in forming, if breaking 21660 successfully, it will hit 21900 and form a bigger I H&S which is targeting 22700
Very close to trendline resistance and fib resistance 113.42 would be perfect to get a short position.
H&S formed pulled back to neckline done high rr short just take the shot lol
Falling wedge formed Divergence formed Major resistance hit USDJPY facing greatest resistance. All information leads to short. TP 21200 SL 21850
To begin with, this is just an education flashback about how to make a successful trade. Last week, EIA announced that crude inventories increase 6.5 million bbl which is the fundamental of the oil price crush. After the negative news, how to judge short or observation? We can see that after the news released , the oil price crushed from 76to 72 very...