Another potential JPY swing trade. As discussed in my previous idea USD JPY was strongly rejected at the resistance line and has been making a move south since. Now is a good time to enter after the rejection at the resistance level and the seeming continuation candle that is currently forming. As with all JPY pairs be prepared for this to drop very quickly when...
We find another similar opportunity as yesterday to buy with completion of 2618.
The big gartley has not yet been violated and is still a signal that adds to this case.
Orders are pending, Im shooting for two targets with respect of the gartley.
Potential short on the EUR JPY chart. Serious down trend which increased in steepness. The price has broken through the 2017 low at 120.50 and is heading to a previous low of around 118.7
We have had a retirement around fib 0.618 up to 0.786 and a recent retracement at 0.236. Looking for the downtrend to continue to 118.69
We have a 2618 playing out after D completion of a Gartley seen on 4H
Im shooting for 2 targets this time with conventional 0.382 fib of gartleys C-D leg in mind.
Orders are pending, lets see if we get filled.
1. Bearish bat formation which turned out a winner, but not before putting up a fight.
I entered this one since we also had a previously tested support and resistance area.
2. If the marked decides to push the price down we could see a complete bat formation. Although Im not too happy about the bullish trendline being violated, which itself is a bearish signal....