as we can see on the three-day chart, usdjpy is halfway on forming a head and shoulder which I have reason to believe will complete by the next GDP announcement in October.
key points:
. usdjpy form the left shoulder with the release of 1 quarter GDP(Negative)
. price did an impulse sell/buy with fomc meeting in June
. july price did another impulse sell with...
as we monitor gbpjpy we can see it forming a symmetric triangle
> for the sake of this trade/profit we will assume that it is.
most profit potential is on the 2-day chart
key point:
. Resistance:
> after the breakout, of the previous resistance 157, we see GJ made a high of 168 also failing to break this twice we can call this our roof
> after 168 we see...
Eur/Usd has been trading sideways for a while and i reason to believe that it will break out with the US inflation news.
> Now what i will share with you is something i discover recently and should give more insight on how to trade it
N.B. now for this to work we have to first believe that what ill share makes sense, then we can cipher it.
what we are given:
...
get your lost size out it's time to trade!!!
risky buy here but usdjpy has potential to close green for the week
could be the last push to 135-136 region before we enter a down trend
the 2 weeks is say sell so we should keep that in mind and risk appropriately
entries :
set pending buy at 133
when price goes below 133 we can look for more buying...
on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation
i.e. on a broader look on the 2 day we can see eurjpy finish forming the head
key points:
. with the breakout of the jpys we see extreme volatility
. market tends to react strong to opec...
on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation
i.e. on a broader look on the 3 day we can see eurjpy finish forming the head which i will publish after
key points:
. with the breakout of the jpys we see extreme volatility
. market tends...
