ambitiousjev

ambitiousjev

--Continued uptrend after retracement. TRENDLINE, VOLUME AND TREND CONTINUATION ON THE DAILY AND WEEKLY TF.

ambitiousjev

USDJPY has been and is currently trading between $160 and $140 since December 2023. Optimal buy entry will be at ~$140. Sell entries will be at ~$160. The buy entry at $140 is justified by the apparent demand at that zone for major buyers. Technically, this is corroborated by the consistent Yellow line on the TDI indicator (1hr TF) trending beneath the 30 line...

ambitiousjev

USDJPY has been and is currently trading between $160 and $140 since December 2023. Optimal buy entry will be at ~$140. Sell entries will be at ~$160. The buy entry at $140 is justified by the apparent demand at that zone for major buyers. Technically, this is corroborated by the consistent Yellow line on the TDI indicator (1hr TF) trending beneath the 30 line...

ambitiousjev

This market is in a current dominant downtrend. Price action dictates an exhaustion in the short-lived uptrend correction and a continuation of the downtrend. The daily trendline aligns with the current price and the short trendline drawn using the 4hr and 1hr timeframe signifies a possible entry for a lengthy downtrend continuation for the week.

ambitiousjev

The S&P500 has been on uptrend. From simple analysis, I reckon that the market will continue going up as the correction at $4150 after the FED reports has been exhausted and the price is now well aligned with my trendline. Price action on the 1hr and 4hr time frames also validates a possible entry into the market. J. Mitch