I am expecting a drop here let me explain to your guys the reasons. .Compression Zone .Price too expensive to buy .Price Holding At Certain Level .Triangle Compression Good Luck Regards MJ (usd/jpy)
currently in this trade, looking for price to respect the resistance as well as a fib level. Also noting some amount of divergence on the 4HR chart.
Hi guys, just wanted to share with you this Cypher pattern that i'm going to take. It completes near the previous resistance and the RSI is in overbought condition. Stops above X, targets as usual with advanced patterns. If you want to share your view or ask questions, feel free to write below. Otherwise, see you in the next chart!
Hi guys, just wanted to share with you this Cypher pattern that i'm going to take. It completes near the previous resistance and the RSI is in overbought condition. Stops above X, targets as usual with advanced patterns. If you want to share your view or ask questions, feel free to write below. Otherwise, see you in the next chart!
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. Get updated through our telegram! Click to...
long term trade
We seethe price moving down further. We take short position at 13.05 and book profits at 12.20.
USDJPY is back on the way down soon. We can see struggle on 50% fibo PRZ right now, but on 61,8% fibo PRZ There is also strong resistance, which could be possible final hit by USDJPY I drew two potential zones, where USDJPY can take ride back to downtrend Dont forget to trade with proper RM/MM and caution. GOOD LUCK GUYS.
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...
Due to JPY strong sentiment, that pull the pair down not even able to make correction. You can see from the chart. The break of 261.8 will see the price heading down to 423.6 Thats my prediction and already in position in my current trade. prntscr.com TAYOR
We see the price move between 111.59 to 114.10 for few more days and then we see a big drop ..
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...
Refer to previous analysis :- Now, as promised, I have checked the S.O.P of reversal pattern. It's now valid. Pending order is placed. Wait the price to take the supply before jump down. Good luck @scandicfx
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...