Recently JPY is now at a very strong move after brexit. However with the 4 hrs chart, it tells me JPY is finding direction util FOMC report comes on the upcoming days . So stay away of UJ if you know the golden rules of trading forex.
Target 1 and 2 is shown. If 4 hr close below 1.30867, short open SL 1.31217.
I will open my short at key area if the price didn't break the orange box. Let's see how the market reacts when Asia Market Opens.
Technologically ,if the key area breaks, the price will reach my target one . (Long) Economically , brexit effect will bring Eur to "trash"
RSI (1hr) and MA (4hr) indicates NZD is overbought when it reachs the orange level. It might be a good chance to enter if you are trying to short. But keeping in mind that NZD is in uptrend . As a result, I will short in short-term (a short period of time) then long in Long-term.
Down Trend + Resident = sell at 1.50763 I will wait for confirmation when Asia market opens
Trend line breaks, strong resident as show above. TP see arrow
The chart says all, included my TP Plan to short at that area if trend line breaks
Planning to buy in red area. Let's how it goes when trend line breaks .
Top has been confirmed , for safety bet , you can enter when the up trend line breaks. My entry price 1.0378 SL 1.31031 First Target, 1.29995
Let's see what happen when Eu market opens. But this is a very high potential Long setup. Target 1 and 2 has shown on the chart. If the triangle line breaks, I might take chance to enter.
Another Simple Trade with low risk high reward SL: Orange Area
Entered in the orange area as long position. If it breaks, bearish !!!!
If the price did not bread 0.75042 and trend line is broke , bearish will be confirm .Good luck
Long Tail and Double top . Good luck.