12th Post. FX:GBPJPY Any comments and suggestions are welcome. This on my 4 hour watchlist; Potential Gartley Pattern about to hit the D leg; worth a short with tight stops at this level.
Further analysis on the FX:USDJPY . We can see the bearish gartley completing the final leg before what I think will be a quick retrace before we start moving up again. We have had a higher high higher close this morning on the 6am candle which has broken the downward trend we have been seeing, breaking out of the wedge shape. I've just started to learn elliot...
USDJPY at 114 levels is looking to hit back down around 112 zone, before another up-leg. It is currently developing Bullish Cypher Pattern as well Bear Crab Pattern Completed. Looking to see a good DIP from here to 112 levels..
Potential bearish gartley on FX:USDJPY 4HR chart ENTRY: 114.813 SL: 115.842 TP: 113.371
AWSOME exactly in my idea VERY GOOD FOR NOW i think it will be in short to 110 after will go long huge antil 117
FX:USDJPY CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades;
If the pair pulls back to the 116 area there could be a great opportunity to go short. Reasons to go short - Trend is bearish Returning to a major SR level (blue line) The previous time it was at this level there was a strong sell off, and it is the first time returning to this area (yellow box). 116 is also a 50% fibonaci retracement level from the previous...
Dow-Jones 16391 Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant. US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain ** below 16300...
the price rejected from the previous Resistance level 113.375 compatible with the upper band its also break its moving average
So we have the start of a Bullish Cypher IF we see a rise up to point C this will bring us in line with previous support which could turn ressistance. Point D also falls in line with previous levels of support Will wait for price to get to point C to get short
DOWNWARD CHANNEL WAITING FOR BREAKOUT TO KNOW NEXT MOVE
UJ closed outside of the trendline on the hourly chart after failing to break 200 EMA/SMA average (GODMA). MACD cross downward. The short term uptrend was not enough to turn the daily charts bullish. DXY is due for a correction after it's current bull run. Once this squeeze is released, we could see as low as 106-107 for this pair. TP: 111 High risk/ High...
Sell @ Market 113.6 SL. 113.83 TP. 112.8 112.5 112.1