USD/JPY Weekly Downside Target - 15:01:41 (UTC) Wed Apr 15, 2020
Symmetrical triangle can be seen to have formed, a successful descending scallop has led to this formation. Pretty bullish setup. 200MA will act as support or the downfall for this setup.
Looking at the charts, the market has come to find yearly lows for the XXX/JPY crosses in the most recent weeks, with most pairs having pulled back away from the lows. I.e NZDJPY & AUDJPY, and could be an indicative move from the other crosses. GBPJPY, has found some support at 135.170, around the area the flash crash closed above, which begs the question of...
I am going to try a high risk trade here. Looks like a small parabolic move up which seems to be ending now. Made a break up from that wedge but looks like the breakout is already failing. I am going to close 30% around the yellow, another 30% around the target and i will let 40% run. As soon as we brake the support line of the wedge, i will lower the stop towards...
It is likely that he will continue to the point and reach point 4, otherwise he will go to point a and go to point b. BUY SAFE ZONE !!!!
If we zoom out on the weekly chart, we can see that these orange levels are highly reactive whenever the price comes near them. Zoomed in, it's clear that once we've broken past all three of them, we came back, retested the lowest one a bunch of times, broke through, retested the middle one just once before getting rejected back to below the lowest one again....
Been watching this one for some days now, have been waiting patiently because i wanted to wait out all the fake bear trap moves before shorting it. The ones who don't have a lot of experience in FX trading, sometimes it's textbook trading but other times there are so many fake moves as well. Key is having patience and trying to get an extra edge in recognizing the...
hey guys, The pair is forming a trend continuation pattern on the downside & it is more like to head towards south.Both the GBPJPY & the JPYGBP forms a trend continuation pattern that is short term trade setups & they are highly risky if you dont have proper strategy,money management & risk management.so guys dont just enter on that trade because you see a trend...
JPYGBP structure analysis suggests SHORT up to some point, see Chart Then act according to break of level or bounce up Careful for Fib levels .... Let's stick to SIMPLICITY GL!!
USDJPY ABCD PATTERN IN PROGRESS THE NFP REALLY HELPED THIS MOVE I STILL THINK THIS HAS A FEW MORE DAYS TO DROP AND MAY HIT THE D EXTENSION