Sell below 114.95. Stop loss ta 116.15. Take profit at 111.70.
Reason for the trading strategy:
Price has shot up and reached our profit target perfectly. We now look to sell below major resistance at 114.95 (Fibonacci extension, horizontal resistance, descending resistance, Fibonacci retracement) for a push down to 111.70 support (Fibonacci extension,...
Sell below 114.25. Stop loss at 114.97. Take profit at 112.90.
Reason for the trading strategy (technically):
Price has dropped from our selling area really nicely. We remain bearish below 114.25 resistance for a further push down to 112.90 support (Fibonacci retracement, horizontal overlap support) as we also tighten our stop loss to 114.97 to protect our...
Sell below 114.25. Stop loss at 114.97. Take profit at 112.90.
Reason for the trading strategy (technically):
Price is testing major resistance at 114.25 (Fibonacci retracement, horizontal resistance) where we expect a reaction from and a drop to at least 112.90 support (Fibonacci retracement, horizontal overlap support).
RSI (34) is seeing major resistance at...
Buy above 111.35. Stop loss at 110.35. Take profit at 113.80.
Reason for the trading strategy:
We remain bullish above 111.35 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.80 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) is approaching strong support at 36% and also sees...
Price is coming to a daily support zone, from previous formation. Waiting for price to either do one of two things, first come up to .382 or .236 fib level and than look for an entry to continue to the downside. The second is wait for a clear break of the daily support for continuation to the next daily support level.
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Buy above 112.58. Stop loss at 112.21. Take profit at 113.75.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal...
Sell below 114.03. Stop loss at 114.43. Take profit at 113.05.
Reason for the trading strategy (technically):
Price has bounced up and reached our profit target perfectly. We prepare to turn bearish below 114.03 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 113.05 support (Fibonacci retracement, horizontal...
Buy above 112.59. Stop loss at 112.29. Take profit at 113.49.
Reason for the trading strategy (technically):
We remain bullish above 112.59 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.49 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above...
Buy above 113.06. Stop loss at 112.58. Take profit at 113.82.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target from yesterday. We now turn bullish above 113.06 support (Fibonacci retracement, horizontal support) for a push up towards 113.82 resistance (Fibonacci retracement, horizontal overlap...
Sell below 114.56. Stop loss at 114.95. Take profit at 113.22.
Reason for the trading strategy (technically):
We look to sell at 114.56 resistance (Fibonacci retracement, Fibonacci projection) for a push down to 113.22 support (Fibonacci retracement, horizontal support).
Stochastic (21,5,3) is seeing major resistance below the 94% level and also displays bearish...
Sell below 113.95. Stop loss at 114.95. Take profit at 112.56.
Reason for the trading strategy (technically):
We remain bearish below 113.95 resistance (Fibonacci retracement, horizontal resistance) for a drop down to 112.56 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing strong resistance below the 94% level.
Buy above 112.60. Stop loss at 111.35. Take profit at 115.30.
Reason for the trading strategy:
USDJPY has bounced nicely off our support at 111.35 previously. We now remain bullish above 112.60 support (Fibonacci retracement, horizontal overlap support) for a further push up to 115.31 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34)...
Sell below 113.95. Stop loss at 114.95. Take profit at 112.56.
Reason for the trading strategy (technically):
Price has reached our profit target perfectly. We now turn bearish below 113.95 resistance (Fibonacci retracement, horizontal resistance) for a drop down to 112.56 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing...
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15.
Reason for the trading strategy (technically):
We remain bullish above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is seeing strong support...
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15.
Reason for the trading strategy (technically):
We remain bullish above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is seeing strong support...
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15.
Reason for the trading strategy (technically):
We buy one last time above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is seeing strong...
Buy above 112.55. Stop loss at 112.00. Take profit at 114.00.
Reason for the trading strategy (technically):
We remain bullish above major support at 112.55 (Fibonacci projection, multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards 114.00 resistance (Fibonacci retracement, recent swing high resistance,...
Buy above 112.55. Stop loss at 112.00. Take profit at 114.00.
Reason for the trading strategy (technically):
Price bounced nicely and reached our profit target before retracing strongly. We remain bullish above major support at 112.55 (Fibonacci projection, multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards...
