Trying out some basic pivot structure on USDJPY. Of course I'd like bullish momentum to continue since being long since 108, but this last high wick test of 111 seems to be a rejection. we shall see how this plays out soon. ** North Korea is back to threating people again also so investors may pull out of USD and run to YEN for safety
I believe UJ has potential to continue the evident uptrend after crossing over the .236 fib level and coming down to test that level. entry after sign of a retest of course
Top Down analysis for UJ. 4 hr has been creating an interesting pattern. 3 movements w/ consolidation and a reversal of the trend. Thinking another push to the upside to grab some buyers at 112.500 then a break of support over time
Bullish Flag test on Gold 15min very short term trade scalp
Testing out how the RSI acts in confluence with price action and trend lines. - RSI coming out from above-overbought area crossing below the middle line 50 - Rejection of trend line in current downtrend. A close below the EMA is where I would enter
watching for what happens at the cross over. Does it drop to .236?