Divergence on 4hr as well. Mid term target is 120.00 Always eliminate risk when possible! Trade responsibly!
gimme a 38% and structure retest to enter long here ..at least to the 127%
Believe price action has touched its daily support of 112.59 area. Now we expect buying opportunity and price action to head back up the 118.00 area eventually
Yes, it's simple. Technically, there is no confirmation for a top. For all other issues or questions, please don't hesitate to leave a comment or message. Cheers.
Double Bottom - Almost break of the neck line. Look to enter retest of the neckline.
Price tested MA20 as support Entering without Conformation Bullish candle position on close (21:30 GMT) Holding position over week, T.May hard times ahead but positive outlook on UK leaving EU, and D.Trump becoming president with issues laying on global crisis rather then economic issue. ENTRY: 114.590 SL: 114.113 TP: None set as of yet
USDJPY held support around 112.39 and formed some form of an engulfing on the dailtTF...this indicates that further upside should be expected in the pair...though a fast moving pair for now the pair may not reach my initial support zone but for proper risk management i prefer that support zone because no one truly predicts the market... however a break above...
This pair might be continue in NY session . reversal Expected still .
Hello traders, as i posted an idea about this xabcd pattern , now that pattern is finished . our targets will be 38.2%, 61.8 find your entry setup and make some money Make sure the reversal is happening dont rush your entry Good Luck
Hello traders! Our institutional research just updated and our technical analysis can be seen in out short-term technical outlook linked below. The 116.55 figure is not expected to be broken before the year end so a push into the figure will likely be matched by buying. I will be looking to buy just ahead of the figure with a 30-40 pip stop loss. Look to get...
Hello All, I have been very sceptical over the holiday about going long on USD/JPY. Telling myself over and over that price has topped and will fall from now. Until... I looked at previous price action and noticed this identical movement in price from Oct 14 - Jan 15 where price made the same 1700+ pip move in a short amount of time, followed by a similar 6-8 day...
Yesterday's short-term technical outlook: As I mentioned in yesterday's technical outlook I am not expecting to see new highs on USDJPY this week. The 118.66 institutional resistance level has kept the upside in check for 6 consecutive trading days. This suggests that this trend is very exhausted and due for a corrective pullback. As you can clearly see we are...
This pair may seem overbought on the hourly charts, but on weekly and daily charts, it still has room to move up to 120-125, especially with fundamentals supporting the bullish side. www.dailyfx.com D: W: