Price has broken bearish 4H trend and now is testing this support structure. Definitely, if price stops in this support area, we probably will have some pontential bullish movement till top of the Daily trend. Then we must wait for a develop of price to make any decision.
HISTORY WILL CONTINUE TO REPEAT ITSELF
IN EVERY ASPECT OF LIFE UNTIL WE BEGIN
TO EXPECT IT.
FOR SOME REASON, WE HAVE YET TO LEARN
OUR LESSON IN THE TECH SECTOR. THIS CHART
PROVIDES TWO OF THE GREATEST TECH PUMP
AND DUMPS IN THE HISTORY OF TECH STOCKS,
NORTEL NETWORKS AND BLACKBERRY. IN THEIR
PRIME, THESE COMPANIES WERE KNOWN TO
BE THE HOTTEST COMPANIES IN TECH....
HOT expected to open at 76.00 for a Gap N Go. Last candle bullish on the hourly. To learn to trade this strategy for free go to www.RealLifeTrading.com
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USDJPY is up and rallying, the long term and short term pictures are heading north backed up by fundamentals on both currency pair components the USD and JPY. Our entry setup is pretty simple it's a buy on pullback at first support or in between the 20 and 50 periods hourly moving average (both valid entry zones).
Target is found at 107.31 and SL is right below...
