first bear bat pattern. going short after 1.09. would love some feedback.
short opp in play 2:1 under the cloud. coming close to a trend line and may find support... will see.
the dollar has been gaining as of lately off the 92.500 level however price is still on the downside of the cloud and below the 45ma. also aproaching an area of supply
Currently bullish on the pair. But see short opportunity in process, not my style to take this trade but would love to see where price goes! I predict price poking through the trend line and finding support at s1 which happens to also be at the 0.61 retrace. CFTC report also indicates the majority is short on the gbp however there was a minor change from last...
Could this down trend be coming to an end? Price is currently at 0.61 fib on the uptrend retrace. We have a bounce off the cloud on the daily time frame. However price did poke through the cloud on the 4HR time frame price is currently at 156.95 floating in a demand zone. Waiting on confirmation to go long.
I have been bullish on this pair since march. buying on the up swings getting a few pips here and there. Now and once again we are approaching resistance and 1.1440. if price is rejected I think we could see the price reach back down around 1.0800 area. However if price action blasts through 1.440 then I believe in the bigger picture we could see price dance...
usdjpy thought part 2. so we hit some daily support! now im thinking we could get a bounce to the 0.61 or get a drop to the weekly support level at 105.70 area. let me hear your thoughts!!
my thoughts on usd/jpy. if we get a break past the daily pivot point we could see price reach 113.50 target. or if price breaks trendline we could see price bounce around 109.500. thank you for viewing. lets hear your thoughts!