Looking to long once Scenario 1 plays out! Do not enter long after breakout of resistance (as shown in scenario 2. We need to wait for a retest first of a HIGHER LOW above that key level of resistance to look for longs). Observation only.
Trading Idea - NOT an Investment Opportunity!
I'm stalking this one for a strike, whilst resisting FOMO. Waiting, watching and planning is 90% of the job! The action could kick off on a lower time frame.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any...
USDJPY is giving us some mixed messages on different time frames. For sure some people are gonna win and lose money by taking a position. I'm keeping my powder dry just for now. Later tonight (UK time), I'll see what the latest picture is like. I'm focusing on the 2H time frame for a hit.
Most of trading and investing is or should be stalking the markets for sound entry positions. In this screencast, I show that there could be an interesting opportunity for a long term trade on TATAMOTORS.
Extremeley overbought, in need of a retracement sits nicely for a continuation trade. Will go short on resistance dependent on the candle close, snatch a few pips and look to re-enter long again watching the news in r.e to unemployment claims and ISM manufaturing.