Every time prices get here since 2009 it get rejected. Looking to short this one if price action goes the right way! Please support and comment to lear from each other!
USDJPY reached a decision point, touched the respected downtrend line, meet support @ 103,310 in the same area. Trend followers should try to sell this. And if we get a BO then we may have a buying opportunity too. I am more to the downside here, trade with the trend is me like me :)
Here we have support, 100 EMA and trendline that meets and give us a potential reversal area. Looking for bullish evidence to take a swing long on this pair. Please comment and write your thoughts on this idea so we can learn from each other!
Gonna short this pair as explained in the chart. Nice resistance level where prices got rejected b4 and retesting the area again. Going short on buyer failure if it happens.
Price is heading toward strong resistance, in the first hand i'll be looking for shorting opportunity on this pair. But we have also possibility of a BO coz momentum looks strong this time, so it can be tricky this time. Please support, comment, share you thoughts on this, and why not follow :)
Well as they says, the trend is your friend :) I think we are going to see an double top here, specially that the price is getting closer to the 100 EMA in this area. But again all that thinking is coming from a newbie, who started for 6 months ago, so please don't just follow the idea :D
Are we getting a potential Head and shoulder?
BO, retest rejection one swing up? lets see :)
Nice break out! wait for bullish evidence b4 going long, it can be a fake BO too.
A strong resistance here time for shorting this pair, if prices show bearish pattern.
BO? or will the resistance hold again? we wait for some clues from price action in this area, and take action after that!
Prices testing this strong resistance, time for shorting this one?
Simple as is, price did break above resistance and it may retest then i think it will go up again. Be nice to me if you find me very wrong, caz as i said i'm new and just wanted to save my thinking to go back and look at how things went.