I see overall bearish trend. Daily tf and 4hour as well as the monthly tf. Long term .. still a short for me! Positions: 4@ good profit 1 @ B/E EJ TRAINNNN
Looks like a similar structure to me if you were to look left. More down for EJ in my opinion. Keep watch.
Here on the 15 minute chart, it looks like USDJPY is repeating the same cycle. It is consolidating again and looks like last time it did this.. it went down and then up.. twice. Could this be another repeat? On the ICHI it is showing consolation within the cloud so, I think this would be a great opportunity for a quick scalp before it goes back up again....
So, GJ has hit my resistance but, support lies at 148.953. It has entered into the channel and is looking to break resistance and current trend line. A break of that would send GJ to my first TP which is 151.154 and a break above that could send GJ to next level of resistance, which I have that at 154.857. It is also trading above my ema's, which for me, still...
GBP LEVEL IS CURRENTLY 5.57 WHILE AUD IS AT 5.71%. ....if it breaks . this could be a great short. RESISTANCE: 1.88547 PREVIOUS SUPPORT: 1.83420 NEXT LEVEL OF SUPPORT I HAVE IS AT 1.83010
Current trend: Overall trend is still bearish. If it breaks out on the downside, possible more downward movement and if it breaks out upwards, could see more upside however, I think it will continue down as the YEN seems to be strong. "The trend is your friend"
I am new to trading. From what I see and what I have gathered... the bull run may not be over just yet. It blasted through two resistance points and now any drop could just be a pull back for a move further up. I would say unless it breaks my trendline.. then I would be okay to enter in a short otherwise, I am too scared to get in for a short. MTC I know my...