JST94fx

JST94fx May 21, 2020

Daily analysis This pair has been stuck in a daily range between 1.099 -> 1.078 Currently it has just touched the upper boundary so a bearish reversal may take place. 1H analysis The supporting rising trendline has now been broken with a strong bearish 1H candle closing below it. IF there is a retest of around 1.09525 THEN look for selling opportunity...

JST94fx May 21, 2020

EURJPY seems to react strongly when there is a daily candlestick pattern that indicates a rejection of a support/resistance level such as; hanging man, hammer (inverted) doji, shooting star etc. Combined with this being formed at a level of previous resistance/support then this could be a useful analysis combination for this pair

JST94fx May 21, 2020

Here an ascending triangle formation is created with a horizontal support, commonly recognised as a trend continuation pattern once there is break of the horizontal resistance. IF a 1H bullish candle closes above the resistance THEN set buy order at around 118.21 Target 1 - 118.44 Target 2 - 118.70 Credit to VasilyTrader for recognising this trade. I have...

JST94fx Updated  May 21, 2020

Looking at higher timeframes (Daily, Weekly) price is in a short term downward trend. IF price reaches the upper trendline acting as resistance AND candlestick formation on lower time frames (15m, 30m, 60m) show signs of a reversal THEN a short trade will be taken around 1.70866 TP1 (short term) - 1.69525 TP2 (long term) - 1.68175

JST94fx May 19, 2020

This pair is in a downward channel (240m) and price is currently at the upper resistance line as well as being at a previous strong level of support/resistance (red zone) Short entry taken on the 2h timeframe as a hanging man candlestick pattern was formed at the upper channel boundary. Looking to take partial profit at 129.6 (previous swing low) and let the rest...

JST94fx May 18, 2020

Two ascending support trend lines with an increasing angle. Looking for a 3rd touch of the second trend line to confirm support. IF there is a upward break of the price range - 6.912 -> 6.9325 AND there is a retracement and retest of the upper area of the price range THEN look for buy opportunity. Targets TBC

JST94fx May 17, 2020

Daily swing lows are increase in an ascending wedge formation with horizontal resistance at 70.15. IF there is a break of this resistance level and then a retrace and retest around 70.15 THEN either buy order is triggered or buy Target 1 - 72.35 Target 2 - 76.00