Trend Continuation Pattern on USDJPY; Waiting for Long above Resistance for a High Probability upside Breakout with a Stop below the Breakout Bar...
PS : Waiting for Clear Breakout as Consolidation can be Extended Further ie Elongated Extension of Range, Previous Consolidation was 8 Months Long Jan'14 to Aug'14
10 Month Volatility Compression against the Resistance Line is close to Resolution on the Upside
Continuation of Uptrend, can be a High Probability Long as Huge Green potential Visible.
FTSE Breakout - Pullback - Continuation Upmove.
FTSE Broke out of Weekly Trading Range ( Volatility Compression since Jun'13) with a Decisive & Confirmed Breakout.
Time to Enjoy Some Green
- Gold is currently in a Ranging Environment for a Period of Year ( Expect Range Expansion after a Period of Volatility Contraction ( Break on Either Side can be Expected especially Down within a context of Downtrend)
- Since A False Breakout of Weekly Descending Triangle in a Downtrend at 1192 - 1156 Demand Zone Supports a Long
- A Decisive Break above 1223...
