EURJPY formed a head and shoulder pattern, broke the neckline and hopefully price will reflect on the down side. Target 106.00
WE need a close above the blue trendline in order to open a long position targeting 1.0098
so clear on weekly chart, major resistance was rejected. previous weekly candle was engulfed.
as long as the price remains below 1.7185, sell
Price entering tight range Any negative Brexit news will trigger volatility. enter trade when price gets below the trend line. Target TP of 143.4 or 143.1 (if u want to risk ur profit) If this trade is triggered, it may reach the take profit very quickly
Following from the previous expectation for usdtry to drop to 5.5 (retracements and timeline were not appropriately predicted though) This is a good buying opportunity for the USDTRY pair, as the chart is approaching a daily ascending trend line, expect price to increase to 7.1 and retrace half way back (6.3 - 6.4 range), this is based on the fact that TRY's...
Descending Trendline may activate at 6.3 to 5.8 (Fib retracement) Downward Move will retrace by then to around 6.10 Descending move to resume to 5.4 to 5.5 (may go as low as 5.25??) Daily Ascending trendline (from 4.0) will resume at 5.5 all the way to 9.7-9.8
weekly resistance was rejected, short the pair