I currently see a large Ascending Broadening Wedge pattern on the H1 Time-frame and a small potential channel. Based on the pattern, I reckon Ninja will potentially retest the bottom wedge line as long as it stays inside the white channel.
This week, we need hints from the high-impact incoming US data to decide whether we will buy at the bottom wedge line...
After a long bullish trend we are starting to see signs of a reversal.
I noticed a bearish wedge pattern beginning to form.
So far, we have broken out of the pattern and managed to retest - to some extent.
I have set the entry at a level where resistance had turned into support.
I have set the stop loss at a level where support turned into resistance.
If this...
After an amazingly bullish week in USDJPY we could look see a retracement back down to the dynamic support level before another rise.
Using my adopted shadow trendline technique I was able to identify the different bounce points in the bullish channel.
I would not take this trade purely because it is a short in a bullish market however, advanced traders should...
As you may know, since 2017-18 we are waiting for the uptrend but it still expanding the correction in the same place.
So if it wants to start it, the US Election is the only thing has left on our list 😁
Watch the break out as shown on the chart.
Happy Trading, Stay Green! ✌️
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💬 Please let me know your view about the idea
🔗 Check out the...
The trade is active. Watch the marked areas shown on the chart.
Happy Trading, Stay Green! ✌️
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💬 Please let me know your view about the idea
🔗 Check out the "Related ideas..." in the links below too
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USDJPY 30 mins to Daily Analysis o/s levels in indicators and oscillators
USDJPY support levels could reach above +100 pips resistance
Economic calendar release Non-Farm Payroll positive expected
and negative economic calendar release for JPY house spending
I have been waiting for a reversal to start the rally on GBPJPY for wave 3 on the weekly time frame. I think this could well be the turning point. A break of the blue trend line will confirm the reversal but I am already looking for an entry point.
Happy trading!
Linton White
JP Markets
South Africa
Hi Guys,
if you followed my previous posts and believe that an inverse correlation exists between the two, you understand how these markets can be traded in every timeframe with high probabilities of success. I hope it helps but if you have any question please do not hesitate to contact me.
Thank you for your attention, and please share your views and...
