Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 146.31, which is an overlap resistance that aligns with 61.8% FIbo retracement
Our take profit will be at 145 which is a pullback support level. The stop loss will be placed at 147.47, which is above a swing resistance level."
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Price is above the support of the ascending price channel. Price may bounced from 1st support at 113.413 in line with 78.6 Fibonacci retracement and and 61.8% Fibonacci extension to 1st resistance 114.462 in line with 61.8% Fibonacci retracement with 61.8% Fibonacci extension. Our bullish view is further supported by how Stochastic is testing support where Price...
Keeping this short and sweet this week.
The majority of the pairs I'm updating are based on Friday's big move. The focus is to determine price direction and the next setups. I don't have enough info yet for the next major moves. So trade zone-to-zone.
It looks like it's not done falling, yet it's running out of steam. What happens this week will determine if we...
Waiting for a good confirmation after breakout. We still have a downtren looking for an important level in 108.300 with the 61.8% of fibo in higher timeframe + RSI Divergence. Wait for it
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UJ just complete the 5th Elliot wave, now I see a little correction to continue to the upside until Daily trend line. At that point we will see how the price reacts.
40-60 pips on short to start the week and also to fill the GAP and finish pullback.
Hi traders
USDJPY might give a short opportunity with this bearish cypher on h4.
IN @ 106,8300 /SL 107,2500 /TP1 106,3700 /TP2 106,1100
You have to check if B reached 382 (on my data it did it).
Check also your maximum SL allowed as per your plan
As always, comments are welcome
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"Build a plan, follow it...
because cadjpy is overbought much so a small pull back is welcome
short at 89.25
target 88.73
gain =52 pips
open 2x 1 lot when the first lot reach +20 pips i cut it and let the second lot at +5 pips for securise 25 pips
this is small trade,but all pips is welcomed
