The price got rejected at the monthly resistance and also failed to break the daily trendline resistance. It could go down to the monthly support.
The market is in an uptrend. The price has broken out of the accumulation phase and retested the resistance that is now turned into the support. We are expecting the price to rise to the monthly resistance. N.B: This is not a trading advice. We cannot be held responsible for any loss of money as a result of this analysis
We have profited a lot from the trades taken on this pair. This is the power of coumponding profits. We have taken profits on two trades and we are left with two that is running. Price action and swing trading at their best.
We are anticipating the price to continue with the uptrend. Looking at the chart we can see a bullish flag that has been broken and tested. the break-out is confirmed. The bulls are still in control of the price.
Hi traders we have identified a change of tren in the USDJPY pair. We are following the trend and the rules of price action. The trend is your bestfriend. We are waiting for the price to test the resistance of the broken structure to enter the trade.
The pair is reversing from the downtrend to the uptrend. We have an ascending triangle which we will trade it's break-out candles to the upside to compound on the position we have opened
Continuation of a trend.The pair has formed an inverse head and shoulders pattern and retested the neckline of the pattern.
The price has broken out of the accumulation phase as we have analysed in our previous post of the pair. We are looking at the price to advance to the resistance at 1.38000. I will post more trades on this pair to take advantage of the retracements as they occur. Thank you for your support.
We have reached the weekly resistance. Now we can wait for the break-down of the 4hr trendline to go short.
buy the break-out . Swing traders game of profits