Sell-signal
EURJPY Potential Shorting OpportunityWith today's announcements from ECB President Draghi bringing in strong EUR sellers we can bet on continued weakness. Today's spike high confirms the 123~ resistance zone and that sellers are now in control. An outside return to previous resistance at 121.88 or support at 122~ will offer a probable shorting opportunity. Downside risk may be supported at 120.88 then 120.16.
AUD/USD Short read description.Thia pair has been inside a channel since 20th october and the price has reached the top line.
That may result in a down movement. Furthermore, the MACD and RSI show that there exist a divergence that also may cause a down movement.
Main trend is bearish and it may go down.
There are many proofs to say the price is going to fall and there is no any proof to say the price is going to go up.
USDJPY FORECAST + SETUPSUSDJPY has broken down from its local flag pattern and could head lower in the short-term. However, at the moment it has bounced from the bottom of its main channel. Thus, we have 2 highly probable setups:
1. Price retests the previous (dotted) trendline and fails, bouncing back down and then breaking the yellow flag pattern
2. Price breaks the yellow flag pattern and heads towards a former trendline support level.
Enter trades upon breakout confirmation, otherwise trade is invalid.
trend line rejectionshort on ausie dollar. rejection of the trend line and should see another bounce to the down side and wven see much lower lows
