This is what I would like USDJPY to do, go down to our second profit level, head back up to our first, then complete out the rest with a push down to the WHITE support line.
Price is staying above our trendline for now but overall I see bearish movement.
Questions: Leave in comments.
Live Trade: Follow indicator; on retest move SL to profits.
Price is staying above our trendline for now but overall I see bearish movement.
Questions: Leave in comments.
Live Trade: Follow indicator; on retest move SL to profits.
Comment:
I forgot, I removed those lines from my chart so I can remove clutter, here is the above.
EMA lines are moving resistance, also fib levels are shown so those can be support/resistance.
This is the long-term goal although if we can't break the white levels shown.
Follow the chart in the next comments, thank you.
EMA lines are moving resistance, also fib levels are shown so those can be support/resistance.
This is the long-term goal although if we can't break the white levels shown.
Follow the chart in the next comments, thank you.
Comment:
As predicted, price reached to our first profit level and got rejected which is why we see it hanging near our second level to test that support.
Now here is where we will see price break this area or a possible W is forming.
Now here is where we will see price break this area or a possible W is forming.
Trade closed: target reached:
There we go, easy right? You can close now or if (you took the trade) in-profits you may hold until you're satisfied.
Retracement, commence?