Big spike, let's see if it punches through the other way.
USDJPY getting some support here. Betting on a breakout as the pair is due for a pullback against the major trend in my opinion.
Rejection of resistance. Betting on a test of lower support.
Entered as shwon on chart. Betting on a test of higher resistance.
Entered as shown on chart. Betting on a rejection of resistance and test of lower support here.
Rejected resistance. Betting on a test of lower support.
Getting some support here. Betting on a test of higher resistance.
Approaching resistance here. Betting on a rejection and retest of lower support.
Possible break and retest of support. Betting on a retest of lower support.
Rejection of resistance. Betting on a test of lower support.
Resistance rejected. Entered as shown on chart, looking for a test of lower support.
Betting on a failed breakout here. Entered as shown on chart.
I am currently long for the first scenario shown. If there's a sustained break below the current low support line I will exit and look for a new long for the second scenario shown.
I will be entering a swing long in Gold here. It is somewhat risky given the downward pressure on Gold and the current correlation with equities but I believe the R/R to be very favorable here. This is also based on my fundamental view of future monetary and fiscal policy. The Fed has painted themselves into a corner where they are forced to employ ever more...
Entered as shown on chart. Trade at your own risk.