. There is a possibility of temporary retracement to suggested support line (108.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. There is a divergence in RSI and price between the trough at 106.775 on 2019-06-25 and the trough at 104.45 on 2019-08-26, the probability of...
Hope all is well, my seventh published trade on Tradingview.com ( EURGBP IS complete with 100% accuracy and less than 0.2% drawdown. This can be found on my story on IG, below)
Taken a long on USDJPY because it's on its final stretch to a major trend line on the 4hrly/Daily time frame. Moving averages indicate that the 50 EMA has been respected...
After what seemed to be a bullish reversal for UJ, the third impulse within this channel performed far worse than expected, now falling below this trendline we can identify this as a correction for continuation. Looking to target 105 area in the long run but we shouldn't be too greedy...
...And no i dont mean my wife, or do i haha.
This trade is going to hell to dance with the devil, i have been waiting ages for price to break a daily level... and finally it has.
Bears normally like it cold but not these bears as they are taking price down to see Satan ( and no im still not talking about my wife ) its a good job she is not on trading view...
We are looking for price to pullback into our support zone ( red box ) we are then looking for a bounce and bullish movement, we do have resistance at our purple zone but if price can break this we will see a lovely run up to our TP zone which would produce a handful of pips ;p
We do have loads of high impact news this week regarding this pairing, that could...
In the immortal words of Salt-N-Pepa ‘Let’s talk about stocks, baby!’
Nothing seems to be able to keep stocks indices down. Trump has sent the war cry as he enters a new election campaign (I have had to scroll back for 5 minutes through only two days of tweets to find it!)
‘ The Trump Economy is setting...
This setup took me literally 10 seconds to spot, I just opened the chart and spotted it... This is how easy you can make trading if you block out all the bull#hit people try to feed you and just focus on the charts, clean and tidy charts!
When I 1st started out I had all sorts of idiots trying to tell me I had to use 100 indicators just to spot a trade... I lost...
STOP LOSS - 108.333
TAKE PROFIT - 108.864
Risk on the trade - 1%
We have seen some bullish momentum on this trade where price had a brief pause and consolidated sideways creating a continuation pattern. Price has broken above and we may see price move to our take profit.