Sellers Exhaustion Consolidating on 30min Support level
good day traders I hope everyone is doing well we got here. a solid opportunity to short on a bat pattern text book short example followed buy a long to keep up with the trend line the targets and the stop loss as per the chart showing happy Pips hunting for everyone
There is a up Channel Formed and the Price was made a Price Action On The down-line of Channel So Probably the distance from the Bottom N°1 To N°2 Is the same From The Top N°1 To N°2 So our Target IS Top N°2. More Details join our Telegram Channel web.telegram.org
We have a Positive Price Action on a uptrend after a down Correction So We enter Buy
Sell limit 109.5 TP1 108.7 TP2 107-107.5
We might looking for short if the Daily candle closing with a bear candle. This make the confirmation of the double top formation which might looking for a TP at 109.017 and SL at 101.298. Please wait for the confirmation. Confirmation is everything for a dedicated traders! Trade at your own risk *
Projetion for UJ next week. Will go short until it finds prev support which lines up with 38.2 on fibs and should shoot up to -27% or more. Goodluck :-) UJ needs to create a new HL. Point A on fibs need to go to that previous HL my mistake. But its still 38.2
UJ is a confirmed Bull, It has broken a previous LH. I'm looking for a retracement to the 38% area (green box) and continue up.
Buy 106.8 TP 108.6 SL 105.6
Looking for UJ to bounce off 50% retracement and rise up to complete a double top. Might be down hill after double top.
it will bounce at 38.20% or 50% of Fibo. just be patient and wait for a good Long/Buy entrance.
We have reach the H4 of rejection 106.866 and reject as history has strong support and resistant in this range,we looking for a quick profit for price to go up to 107.433 which a previous wall for Dollar and YEN. Please trade at your own risk.
The US dollar has fallen significantly during the day on Friday, continuing the down move that we had started on Thursday after Donald Trump announced a tariff on both steel and aluminum. This has put a lot of fear into the market, which of course has people running towards the Japanese yen. I suspect that most of the reaction in this market will be due to noise...
One more push down ? Break of green support line / price at the 786/88 (red rectangle) levels for push towards 107 area