ChopCityBanks

ChopCityBanks

Expecting a breakout of this resistance zone, once that occurs will go long. This is a conservative approach to entering a divergence trade. If price does not breakout then opportunity will be ignored.

ChopCityBanks

After seeing bearish divergence, a short opportunity has arisen with a bearish pin bar. Stop loss will trail the highs currently at 0.8724

ChopCityBanks

Expecting bullish price move with confluence from 618 fib retracement.

ChopCityBanks

Price found resistance at R4 now we expect bearish movement. OBV is still in a downward trend indicating the rise was a retracement rather than a reversal.

ChopCityBanks

A continuation of the bearish movement is signalled by Pin bar

ChopCityBanks

Correlation along all JPY pairs, expecting bearish movement.

ChopCityBanks

After breakthrough of S3 we have a Pin bar suggesting continuation of bearish movement

ChopCityBanks

Read text in chart, there are 2 situations which I believe may take place. Price action will allow me to take my entry.

ChopCityBanks

Price is touching previous support levels which the bears were not able to break, this shows signs of a reversal. Additionally, the RSI is acting as confluence

ChopCityBanks Updated 

A strong bullish rejection candle at S3 shows signs of a upward move