USDJPY is a great pair!
DAILY- price is currently trading at previous break out low- 108.000
price was in consolidation between RES.109.600- SUP 108.450
support level 108.450 was broken, indicating bearish momentum
4H- RSI is over sold on this time-frame, so a retest of previous level is expected before the extension
1H- price has rejected 108.00 level twice,...
daily- price found support on daily support level 141.300
strong bullish momentum approaching daily res. level (143.500)
4H- reversal pattern head & shoulders can be identified
price broke neckline and is currently retesting(142.700)
pin bar is also seen at neckline retest
1H-a channel is seen on this level to correlate with the retesting on H4
price has found...
DAILY- Price is currently in a down trend, retraced to fib .618 level
which can also be seen as prev. level of support.
4HR- a symmetrical triangle pattern is identified,
Prediction- If price breaks below triangle. Support then i predict for price to continue the move down to 1.09500 sup.
If price breaks in opposite direction i have no trade.
Daily- A strong down trend can be identified, price is currently trading at a
fib .50 retrac. level, the level is being rejected, this can be identified with the wicks testing but closing below the1.10700.
4HR- a double bottom can be seen forming at this level also indicating a reversal/rejection.
neckline at 1.10170 level, IF price breaks this level then i...
Daily- A double bottom pattern can be identified, indicating the end of trend
price is currently trading at neckline of pattern,
4HR- A H&S pattern can also be identified inside of the double bottom, which strengthens indication of an upcoming reversal.
Price has not broken previous LL but found support at this level, therefore IF price breaks above neckline of...
Daily> Price is currently in a descending channel, trading at the support level.
> break of support level 135.400, retested
> strong bearish candlesticks
>RSI just above oversold status
4HR> M.A cross over to the downside
> RSI over sold
>Strong trndline support
Prediction> IF trendline support level holds THEN i predict price will reverse towards 134.00 res....
WEEKLY> price was in a solid uptrend
> break of struct. (LH)
> No HH created
>rising wedge pattern identified
DAILY> rising wedge pattern identified
>sup for pattern broken, retested and is now res.
price is currently at .318 level which is also a major sup/res
indecisive candlestick at res
DAILY> H&S pattern identified
> price is currently trading at neckline of right shoulder
>RSI just above 50 in the upward direction
4HR> initial rejection of neckline
> price found support at 108.450 level
PREDICTION> IF price breaks and closes above neckline, THEN i predict price to continue upward to the next level of res (109.700)
If price rejects this then...
-price is currently consolidating between two monthly sup/res levels( 1.25650-1.34440)
-break of support after the formation of a descending triangle @ 1.3000(weekly level)
-support found again at 1.2870(daily level)
- price pulled back at a Fib 61.8%(breaking above prev sup/res of 1.3000)
ANALYSIS- If price rejects the fib res. level and breaks/close below...
price is currently in a bullish trend, this can be seen from the weekly TF.
we have a break and close above weekly res. 1.32940
short consolidation period on the daily, price broke out of consolidation zone and is currently retesting prev daily res.
a flag pattern can be identified on the 4H TF
price is expected to rise to and surpass the current HH at 1.36600 or...
Price is currently at a major level of res. on daily, we also have a rejection of this level which coordinates with the .618 fibs
price then forms 2 head and shoulder rev. patterns on 4H, price broke and is currently retesting H/S neckline
IF price breaks and closes below 142.700 then i analyze that it would continue the downtrend and break below 134.300 over the...
price has created a falling wedge pattern while in an up trend.
price is currently as a strong level of support on Daily Tf.
strong structure held in falling wedge pattern, price reacted with a reversal candle stick formation on level of support
we have a fib retrac. .618
a double bottom formed on 4H FT and price has broken and closed above neckline
waiting...
