CabinYim

CabinYim

Daily ascending trendline broken below and came for retest + testing descending trendline as well. Fib level at 61.8 levels as well H4 200 ema rejection + Double Top Lots of confluence to the down side on my side.

CabinYim

GBPUSD broke bearish trendline on all the extreme wicks, plus retested a broken resistance and bounced. Now looking to hold it all the way to the highs or create a new higher high on the HTF. *This is not a signal* I am personally in the trade and will let it play out for a few weeks.

CabinYim

Double top rejection off the weekly broken support. Lower high forming to test possible lows or create a lower low.

CabinYim

Rejecting 107.800 zone. Potential lower high forming, but over extended and looking for a pull back.

CabinYim

Bounce off resistance, fib level 38.2, downward trendline and 200 EMA.

CabinYim

A and B. Depends on Trump and the data coming out. Going to consolidate and be very volatile.

CabinYim

A or B?

CabinYim

Rejection from trend line resistance. Nice RR ratio with managed lots. Looking to fill the H4 wick range, however, uncertainty is around the corner with Trump tax cuts that would strengthen the USD and recent visit with Abe. Overall trend is still bearish, was a nice clear rejection off the trend line resistance and looking to retest 111.600 zone. If broken we...

CabinYim

2 possible scenarios for USDJPY

CabinYim

Could be a bullish movement upwards because of an inside bar fakey pattern. But will watch it to test resistance and see where it goes. Overall I am waiting for a high to short this baby.

CabinYim

Rejected off resistance and 61.8 fib levels. Will look to ride it down if it breaks support until the red line.

CabinYim

Technical Analysis, News spiked it down with Yellen, now its going with the trend