Buyers losing grip at this level. Forming a nice sell entry from 0.856, C leg of Bullish Butterfly pattern. High potential to drop toward 0.815.
Watch current price action. Need to see an immediate bounce off from this level to confirm the pattern (Bearish Crab) is valid.
Now I have a setup to go short and we are seeing sellers coming in. Since my last post couple days ago we did not get to see price drop below 0.728 to really confirm if sellers are in control, however buyers stepped in and spiked up and took out many shorts. Looks like now we could see some pullback to revisit 0.70 in near term.
This is a trade not to be missed. Big upside expected. I will be watching the 1.0407 level to be taken out to confirm of a reversal. Right now sellers are in control and this sentiment would change soon. Will continue to watch and send updates. Please support by clicking the "Like" button.
Chart say it all. Going long as sellers are not in control lately around this price level. Likely to break above $60 in coming weeks.
Going long as sellers are not in control lately around this price level.
The pair could drop rapidly once breaking 6.65 price level. Buyers activity has toned down significantly.
The pair could drop rapidly once breaking 6.67 price level. Buyers activity has toned down significantly.
I believe NZDUSD could be entering into a consolidation channel between 0.700 - 0.735 in coming weeks. A pullback is long awaited and likely to revisit 0.70 in near term. I will be placing my sell from 0.728 as there are still buyers active at current levels and buyers have taken out many short traders in recent weeks. For mid to long term, Kiwi could go toward...
Chart say it all. Upward price momentum has ebbed and could expect sellers to dominate once price breaks 9.20. Please support by clicking the "Like" button.
Don't miss this trade. I lowered the BUY entry from 135 to 133 over last few days as we see price slowly receding. Yen can implode very soon and an up-move can be violent.
Over extended and can expect serious selling.
Good entry at this level and just watch for price to not break below $102.
Update on my last trade call on USDJPY 3days ago: We did not see price action breaking out from the 100.8 level and continued lower to sideways since, Based on the recent PA, it is clear to see that there can be one more down move before price to go higher. This down move is expected to be shallow in the intend to take out traders who are already long and then we...
One more down move is expected before price to go higher. This is a trade I don't want to miss.
Breaking 100.8 critical. Once broken, price could climb to 107.00 quickly.