It has completed a diamond top and broken out to the downside.. Two possible targets plotted on the chart. GL!
It's going to reach 0.618 retrace, then it's going down people!
UJ has broken the trendline and met resistance at the 0.5 retrace fibonacci level. This suggests a fall to 100 again, with the possibility to reach the 80's from a weekly standpoint.
This might go deep!
Daily chart showing a good potential short plan, MACD is about to break and the trendline should break soon. sending price to bottom of the channel.
The price broke out of the wegde, but got knocked in again by the 50 SMA and has now formed a head and shoulder pattern yet to be completed. Price got rejected at daily R1 Pivot and is moving down to complete the HS. Daily is aswell showning signs of a top, stochastics are overbought. 1H has RSI and Stoch overbought and the trendline on RSI has been broken. A...
Rising wedge, a breakout could slam UJ down quite abit. Pay attention, happy trading!
The sell onder is places below neckline of the double top, and i have been conservative with the TP. Enjoy, happy trading.
Possible gartley forming! Point B is a good entry point for a long if you are impatient and don't want to wait for a completed pattern. Happy trading, go make some pips!
USDJPY broke out of the bearish triangle last week to the upside, It has retraced more than 50% of that leg up and is giving some strong bearish signals. Possible break of support could lead to a continued downtrend
The bearish gartley is almost complete, look for clues for reversal at the completion point.
If the Price falls down to the support and completes the gartley, the risk/reward is great. It might also go up to complete the Bearish ABCD pattern, in which case the Gartley will be invalid and there is a good opportunity to make som pips from that pattern aswell.
The price should complete one of there patterns and when one is complete i think there a good chance it will fulfill it's destiny.