15m given failed to break previous low .while bouncing off the 100em expecting a pullback to previous high.. this trade is a 1.85RR Sl set to previous low Tp set to previous high.
as i stated in my last usdjpy idea i will be expecting a reversal for a continuation at the 61-78 fib level we have divergence & failed to break swing high. we have broken trend on the 5m we have ABC pattern 1m-2- gave us Tutc ema alert
great opportunity to try to enter for a sell as the market failed to break high after swing low. the market hit the 78 fib level and showing strong signs of reversal after closing below all the Tutc mt ema's on the 5m we got an alert to enter for a sell that is this trade.
abc pattern is playing out at 4h resistance on thee 15m giving rejection at 78 sl 1. on fib tp -0.28 on fib RR=5 Tutc ema's not active can take entry when the Tutc ema's give signal.
after a change of character & 78 retest the market is now rejecting.. we are in over bought conditions taking this trade will cause a 10.47RR
as it break through the 28 im expecting a 61 78 reversal before a continuation down
gave this idea out..it hit tp1 which would be the 0 of the abc pattern our Tutc ema's has given out a signal
chfjpy has given a cross signal on the Tutc ema"s 15m chart after an over bought market could be goin for a 4h 61 retrace... indicator name teamupthecharts mt&pt ema's....92% winrate indicator