wuweitrader

wuweitrader

Looking for a move into the 112.75 range

wuweitrader

Long bounce trade

wuweitrader Updated 

Shorting at a retest of resistance

wuweitrader

Rejection of resistance trade

wuweitrader

Taking trade off of the lower parallel. Stops below bottom of congestion and target at the median line.

wuweitrader

Trade is taken off of the lower median line parallel with stops below the C pivot and a target of the upper median line parallel

wuweitrader

This is my basic setup for a long trade. Will wait and see whether I get filled. Most of the trade should be clear from the chart.

wuweitrader

simple trade off of the upper median line. If you want more context and reason, look at the chart more squeezed together.

wuweitrader

My working chart together with some nice range play and wash and rinses

wuweitrader

Trade off the lower parallel Target: median line

wuweitrader

The Trade: Buying at the lower parallel for a target of the median line. Why: Price came back to retest both the horizontal and sloping levels. The horizontal level represented energy (look toward the left where price shot out of that level) - buyers are there. The sloping level represented frequency.

wuweitrader

There's a lot here, but you can strip most of it away. Look at the test and re-test off of the lower median line parallel. Very nicely done. My first target is the median line. (There are some other indications on the chart for bullish sentiment, besides for the longer-term trend being upward.) Otherwise... perhaps the 123.6 on the Fib.

wuweitrader

It is definitely not a quick retest, but looking for a long if there is a retest of the lower parallel.

wuweitrader

Price has reacted at the 50% fib extension and is holding the upper median line parallel. Will it make it to the median line? How about the 100% extension?

wuweitrader

Price has been holding well against the reaction line. I put in a median line set and am watching for a possible long trade against it. Debating about targets. Fibs are in play as of now (both retracements and extensions), as is the median line if the fork holds.

wuweitrader

Price is right back at the multi-pivot line and I'm still seeing the same basic price structure. The median line is looking nice as well and price has been holding at this support level.

wuweitrader

Once again I am looking at the USDJPY. Took a short off of the upper median line parallel (stops above A) Target at the median line. The touches on the tail are nice and the range play seems nice. R:R is also good.

wuweitrader

Will a trade open up? Notes are on the chart.