FX:USDJPY looks like it may finally be ready to pop like a balloon. UJ has a history of me wanting to be violent with it so initial trade should be small. but an end of week pullback on USD with a deflation of jpy from election results could mean a big short to 105ish.
Price is showing a new fork and frequency. Look what price does at the top medianline to see if it will come back down. Look for price to come back to 2097 area.
USDJPY GOOD PLACE TO BUY AGAIN Wait for price to test 101.64 and long for the trend-line retest and also 0.618 retest The upside potential is huge
I was too busy to post this setup when I took it. So I am now posting it for my future reference
Gold 1H Buy Trade Plan: Price break the trend line wait for a 0.618 retracement and we can buy 1254.25 is a good entry level. Don't ask for SL and TP , it is all in the chart.
Usually i would wait for price to break pass the B point, but the overall set up is pretty nice going into next week. First we have a X-A-B rejection at the 50% level clean, then on the pull back price dips into a minor demand zone. In confluence, we have a .618 rejection off the A-B fib with a double bottom structure. Lastly, we have daily support @ .71360 and...
-weekly counter trend line broken -daily counter trend line broke -4hr fib found support of the 38.20 level. -awaiting break of 4hr counter trend line to go long -target 1- fib 127.20% extension level
-weekly ascending channel -weekly higher low made -weekly counter trend line broken -4hr ascending channel -4hr fib found support at 61.80% level however there is a chance of further retracement before going long -4hr target 1 - 127.20%. -4hr target 2 looks very likely as it has confluences with upper channel boundary to make new higher high.
I want to share this analyse with you, so I can refer to it in my later analyses. We here see two times a Positive Reversal (Constance Brown). It shows a target where to work to (1260.73 & 1268.95). Also in the chart three times divergence. Divergence is a warning signal for a possible shift in the direction of the price.
Increasing volume, MACD crossover, broken resistance line, squeeze momentum on. Price target of $3.00, for just under an 18% return.
MRC attempts to break its range, recent consolidation and far enough oversold area could allow it the breathing air it requires to get there, although a stronger breakout was preferred.
USDCAD in what is called a 2 trendy setup. I have an alert set for the break of the upper trend line, to short to the lower trend line. It could go as low as the monthly pivot. There was a huge gap trade on this so expect it to go up before it goes down.
FX:USDJPY is notorious for running up, but it looks like it is starting to get tired. I am looking for a break of the steeper trend line, for a pullback to the lower trend line. The two-trendy system as I learned it from rob booker is a simple break in one trend line and a pullback to the current trend, which for usdjpy seems to be up. So, short it on break of...
This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short Always apply money manaagement
Gold Has broke our Wekkly downtrend move & is showing signs of Bullish momentum. This pair came back down to retest weekly Support and ended last week with a Bullish Engulfment. 3rd touch to trendline seems to be holding as well We should see this pair shoot to 1400 in weeks to come! Stay Tuned :)
XMRBTC has been in a week long down trend as labeled on the chart as Wave Y. The two purple lines outline the downtrend channel. Notice how it reached the top of the downtrend line twice previously and was rejected. We are currently on a potential breakout hourly candle. For the first time, we have passed above the top trend line and with an hourly candle...
will it bounce off or break trough? looks interesting to me