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USDJPY At Good Resistance Level To Sell
USDJPY
, 60
Short
USDJPY: USDJPY At Good Resistance Level To Sell
Updated 

USDJPY is currently at a strong resistance level of 107.262. This area has seen multiple rejects on both the upside and the downside. If the price were to move further upwards, there would be a very clear bearish divergence on the MACD Crossover as well. As such, I have entered a short position at 107.262. My stop loss level will be at an area just above the area...

EURUSD Update
EURUSD
, 60
Short
EURUSD: EURUSD Update
Updated 

Updating idea on EURUSD. The goal is still the same as my previous post. However, now, a Head and Shoulder pattern has been observed on the H1 timeframe. This could call for an opportunity to take a quick short trade before our bigger original trade in the H4 timeframe. If the structure of the Head and Shoulder pattern remains valid, the price of 1.13350 will not...

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