Pretty self-explanatory. Don't just long. We need to see reversal candlestick formations here in our area of interest
Buying off retest of structure 1:11 RR analysis/explanation in chart
Making higher highs and higher lows. 61 fib. -27 extension target for 75 pips for equal size impulse as prior leg
Pretty straight forward. Simple price action. Break and retest weekly key level 1325. Targets @ 1330, 1333, and 1335. Long term swing we're looking at 1350.
Goodmorning folks. I am looking to short USDJPY back on down to monthly support to the -0.27 extension. We have seen a break of ascending trendline paired with weakness in the USD. Price is remaining capped by the 38.2% fib level. If we break the 38.2 we could be looking at a 50% or even 61.8%. Either way, stops above the 78.6% for a decent risk to reward setup on...
Fairly simple setup. Fully reversed bullish trend breaking past former higher lows. Pullback to 61.8% in alignment with psychological number 79.00. I suspect this correction is over and the 61.8% fib a valid level to take our shorts. Tp1 @ 76.80 Tp2@ monthly support in alignment with -0.61% fib extension at 76.00. Lets go.
We recently witnessed a massive daily bullish engulfing candlestick rejecting monthly support 1.5800 and fully reversing out of its bearish trend (as price broke past the last lower high of the bearish trend. We have now had a nice correction for what would be another nice bullish leg to the upside to create a new higher high at our -0.27 fibonacci extension...
Looking for an equal size impulse to fulfill D leg in and around the highs at 1.8700. Buying at 61.8% fib level around 1.8050 psychological number. Shooting for over 600 pips so give her room to breathe -- we know how erratic this cross can be. Let's catch some pips!
With this pair we have recently seen a failure to create a higher high past 0.6970, followed by a daily chart tweezer top rejection of weekly resistance 0.6900. Consequently this pair has seen a massive sell-off back down into monthly support in and around 0.6700. We are now finally starting to see a slow-down of momentum for a potential correction back into the...