Awaiting retest to go long on USD JPY price currently showing signs of retracement on the 4HR....if this continues to retest the broken trend line, I am looking to buy as per chart
Down trend continues Entered a short@ 1.80072 will be holding this one for a while...+400 pips....ish
I exited my previous Long position for 30 pips. I can see a possible head and shoulder forming on the 4HR chart. This looks like a convincing short as the right shoulder lines up nicely on the 61.8 fib level, and also on a mini 4 hr trend line. I will enter a short @ 0.6940....SL@ 0.6955 I will ride this for a small profit of another 30 pips. If you catch...
All the stars are lining up for a long on the 4hr and daily timeframe. I am jumping the gun for a long here on a shorter timeframe with 200 pip stop loss and 500 pips profit potential. Long EURJPY @ 115.72 Enjoy
ENTER LONG: CADCHF @ 0.6902 Looking at the weekly chart, The RSI has crossed back up, and there is bullish engulfing on the previous candle. On the 4 hour chart, the RSI is almost at 30...this shows me that there is very little more leg to the downside, so I have drawn a more inside trend line...... As a result, I have entered a long trade with a stop loss...
I think this pair is ready to blast off the next resistance around the 77.18 price region. Will hold long from 75.85 up to 77.18 and possibly up to 80.20.. Enjoy the ride.....