Currently waiting for price to reach the demand levels marked below to go long. Target and stop are marked in the chart. I'm only interested on the one at 0.9375 because a demand level below another demand level has more chance to success and more profit margin. Let's see how this goes.
There is a Bat pattern forming right now in the USDJPY pair. If it completes at around 102.276, targets could be at: TP1: 102.068 TP2: 101.939 (be aware of the demand level above) There are also two demand levels below current price, although I'm only interested in the lower one, as price left that level with strength, so there might be a lot of buying orders...
I would expect price to break the small demand zone and structure level to the downside to reach the demand zone labeled as 1, go long there, take some profits and then wait for a reaction on the previous broken demand level to continue lower. Let's see if it works!
As i have labeled in the chart, AAPL has broken out of its triangle formation and is pushing higher to the next SupDem level. It's important to note that this is a MINOR supdem level and that it has already been tested once already on 2013-12-05, so the chance of it bouncing off that zone AFTER breaking out of a triangle pattern is very slim. I am predicting...
Price has returned to a demand level on the daily chart with clear red candles indicating that there may be little to stop price should it rally up from demand. I'll be waiting to see if we get an engulf on the H1 chart before looking for an entry. The dollar index is at a similar level as you would expect with this pair