My signal: EMA 10 cross MA20 Candle cross down MA20 Stochastic not in OB/OS level
The bigger the pop, the harder the drop. Seeing consolidation after a short squeeze on dollar shorts today. This is the same extension short anchor we previously used to trade our short to the second profit target.
All to do with USDollars - lots going on and all pressure on Dollar looks positive as numerous news weighing in. We cash out on the south run as TP hit, and we re-instate long position with TP @ 114.931
If Fed rate hike will cost consumers $1.6 billion in credit card interest - you all know what that means- right? in one word = SHORT!
Some people post some short ideas, but i strongly disagree with that, because MACD is still above 0, you can see the triangle, it show bullish pressure to resistance level 114. However, you can short in short term to scalp some pips.
Blue trend line = 1 hour Red trend line = 2 hour Green trend line = 4 hour Multiple breakouts with indication of going down.
Rising wedge, a breakout could slam UJ down quite abit. Pay attention, happy trading!
Last nights breakout had 4 retests I made 40 pips.I was able to draw new trend lines. From what it looks to me if it breaks the bottom trend line then it could be going down to complete the double top. If it stays between the 2 trend lines it looks like a triangle breakout. So just wait for a retest and buy or sell.
Yesterday We noticed so much strength in USD & Euro Seems to be stronger today but dollar don't swear it 'cos JPY is vulnerable
Continuation : UJ did not break the 110. 7 height & took Us short - now the second attempt reversal to break the 110.7 is now cooked & ready for shop from 109.169 - I yelled this morning saying : Let's go back up!! :) FX is so much fun Enjoy!
It's a Fantabulous Friday for UJ - taking it to the next level - here comes 111 ;) (111 will should hit within the next 2 hours. Happy weekend y'all
There is no better time to buy US Dollar but NOW! - The might Dollar fall big time : 1.05 The loonie fall just below 70 cents (U.S.) in January and as of the beginning of May was right around the 79 - 80-cent mark. 98% Dollar could easily move higher starting this week, and 2% it could fall. Forecasting currency moves are even harder to predict than the stock...
UJ seems to not care but continue to drive down south.... I am afraid UJ might go all the way south to 106.718 (God forbid!) - IMHO - I do not pray for this to happen as it may affect all emerging markets, but it can't be rule out either. 113.2 is fast approaching and 106.7 possibly could transpire by the end of this weekend (God forbid)