A very decent short position on the reversal of the support turned resistance of the the descending channel on the 4 hour. The EMA's showing bearish signals as extra confluence with also a strong bearish channel on the higher time frames. This will hopefully be a very good sell trade!
Let's see what happens during the week!
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=114.1.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=114.2.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and...