USDJPY retest the support line, will it be support ?? no idea... longterm trend is downtrend. stochastic and MA, both indicator is negative. now testing the support , let wait the sign to long for shortterm, while the all rebound over, we find the spot to short again.
the very 1st candle fail to challenge the peak and the resistance, going fall back to retest the support line. 23/3/2018 MOVING AVERAGE 5N8 MA DEAD CROSS. RED CANDLE ON RESISTANCE LINE.
at this point, it quite hard to long or short. stay neutral.
this is very 1st month red candle, and STOCHASTIC (please use yourself test with stochastic) 0.8760 still the good price to short . Any long or buy trade will be very risky. follow the trend.
based on weekly chart bitcoin is supported by 34ma month;y chart supportbed 5ma daily chart the price is enter back the bband 34ma tunnel,
WEEKLY CHART FOR SOYOIL THE BUY SIGN IS CONFIRM LONG SOYOIL ALL MAJOR COMMODITIES TURN BULL
the idea i want to share is the double bollinger band monthly chart, the tunnel is oversize. the band is too wide, the price will be up and down within the bollinger band and after few years, then band will be narrow, and then up or down big trend will happen. so now , short term (DAY CHART) remains long. but longterm monthly chart, short will be the correct way...
waitng for the long sign for soyoil futures. expecting another 1 months time.
let wait for break out sign to LONG the FCPO. weekly chart, expecting another 2weeks time.
The futures kuala lumpur index start weakening from 1850 to 1820 base on weekly chart. short around 1850 will test the level 1820.
double bollinger band is getting narrow, you may it with monthly chart. with 89ma /dev 1 or 1.618 to know big map of GOLD futures.
you may try with other value. 3,5,8 or 5,8,16 or 8,13,21 try it with other product.
the box trend, the price will go retest rhe 2 bottom lines. price around 1270 be april 2018