CostaRica

CostaRica

I hope you all are doing well!! Monthly Ok, on the monthly, price is retracing between the Fibs 50% 109.940 and 61.8% 107.889 Weekly On the weekly, there has been a bullish attempt to push price higher. It managed to surpassed the Fib 50% 109.940 and went up to 110.914. I find it interesting because although bears managed to bring back...

CostaRica

Hey Hey Hey…I hope you all are well! This is only my idea. Monthly On the monthly chart, one support level that I noticed is at the level 108.088. I can see that price rejected that level with the candle that was formed on June 1 2017. From the week starting June 12- to June 16, 2017 the candle had: Open 110.765 High 111.781 Low 108.808 Close...

CostaRica

Well well well…this is only my idea Monthly Chart When I was checking the pair on the monthly time frame, I saw the candle on June 1st 2017: Open 110.765 High 111.781 Low 108.808 Close 111.259 (To me, market rejected that price because it bounced up leaving a wick as if it was ready to go long) Funny because, just last month (May 1st 2017) it seemed...

CostaRica

USD/JPY June 20 2017 Well… I guess there is always a first time for everything right? J I am learning to trade the market. Therefore, this is just an idea, my very first idea out there J Constructive feedback, welcome, thanks! I am expecting price to continue to go higher because: 1- Price closed above the 50 SMA 2- Price is above the 50% RSI 3- Price...