If you have some knowlege comment bellow please what you think will happen :D So what I think is: The main price action, talking about the trend lines , trend channel, the double top and still have a strong rejection in both sides and is also a rejection at higher time frames makes me think that is possible to still going down and break this strong support zone...
Unfortnately I pulish the first one in private for mistake, so now is a bit late Double top and strong rejection
With the recent news about the Japan Central Bank is expected the price of JPY start rising for a while and then is good for sell oportunities against the JPY
Strong rejection at important zone. The price is creating a strong impulse for the down side
We can expect the price to respect the channel and start going up affter break and retest the resistance. This is only Possible if breaks the resistance for the up side!
If the price break for the down side we have a good sell oportunity affter retest the resistance
Affter break this important support and retest we can expect the price to start going down. And for next affter break the channel and retest it back is possible to keep going down. This analysis reuieres a lot of confirmations, nothing is 100 % sure!
The price is geting rejection at this level affter break and touch back the trend line
We are in a key level of resistance and is expected that the price touch the support zone that is very respectable as well and the goes up again (affter confirmation)
Affter reach the Sell Target we can expect the price to go up now
Better Representation of my last analysis posted.
Affter got this retest to the support we have more confirmation for strong buy! Daily Candle very bulishh and one more time the weekly analysis is very bulish and the price must complete the channel that is possible to make at weekly time frame. Only Canceled if cross the support again
We can expect a pullback down affter get rejection at this important resistance
This Entry is already late but we have an ugly Head and Shoulders confirmation
Affter some rejection we can expect the price to start going up
We have a possible long position here affter some rejection and the break of the trend line. At the moment the price still having some bearish moment but in some hours maybe ready