USD JPY - AT THE .618 FIB , WILL IT BOUNCE OR DROP FROM THIS LEVEL ????
4 hr chart on Aussie 618 fib holding as a support and we have a cross over with the MA, small risk to reward on this,
TWO REJECTIONS OFF THE MONTLY SUPPORT AND GOOD REJECTIONS TOO, SHOULD SEE LONGS TO THE .38 LEVEL ON THE FIB
4 REJECTIONS ON THE SUPPORT LINE AND A BREAK THROUGH ON THE RESISTANCE
HAD A BREAK OUT FROM THE MOVING TREND ALSO BEEN REJECTED AT THE GREEN RESISTANCE ZONE
WE HAVE A DOUBLE BOTTOM ON THE 4HR CHART SO POSSIBLY LONG OPPORTUNITY SLIGHT DROP DOWN TO THE MOVING SUPPORT LINE THEN A NICE BULLISH MOVE UP
This pair has been stuck in a diamond pattern for a while now and hopefully will see the break out, I've placed a sell order in at 1.2440 if we see that break out then good short opportunity.
Had a good down trend then rejected twice at 0.985 then on a up trend if we see a break past 1.00582 then should see a up trend begin, just waiting for the break out...
we have broken the moving up trend and broken below the support which will hopefully become resistance - see what happens
HERE WE HAVE A 4 HOUR CHART ON USD/JPY HIT THE SUPPORT AND BEEN REJECTED, ALSO SEE THERE HAS BEEN A GAP FORMED AND WE ALL KNOW THAT MARKET LIKES TO FILL THE MISSING GAPS
WE CAN SEE HERE THAT WE'VE BROKEN FROM THE MOVING S&R CLOSED BELOW A SUPPORT SMALL RISK TO REWARD ON THIS,
THERE IS A CHANNEL THATS BEEN FORMED AND PREVIOUS PRICE WAS REJECTED FROM THE RESISTANCE LINE, SO SHORT OPTION HERE HOPEFULLY.....
There is a strong up-trend with mover S&R, should see a slight decline and then carry on upwards
HERE WE HAVE A BEARISH FLAG WHICH HAS BROKEN THE MOVING UP TREND, MEASURING THE PREVIOUS DISTANCE FROM THE DOWN TREND SHOULD HAVE MOVEMENTS DOWN TO 1.19008
HERE IS A HEAD AND SHOULDER FORMATION AND THE NECK LINE WHERE THE PRICE WAS REJECTED AT 141.549 NOW ON THE DOWNSIDE MOVEMENT