Looking to potentially take back some ground and take back Mid-August levels
Looks like up trend. RSI Relatively low. Looks like wave 1 and 2 of an Elliot Wave pattern. Looking to retest previous highs. Practice trade.
Possible head and shoulder here. Hit neckline and ran into resistance. Expecting some ranging and a high between 27900-28200 followed by a rejection into the Abyss. For pattern to break: -need to get above 28000 very quickly and stay there. - OR Could just blow through neckline
Real Quick one here. Been a bit so just looking to try to stay fresh. Did not put much research or considerations, just trying with what I see.
BBands say buy.... Making new monthly low, looking to bounce off of previous support for a retrace up a bit. Lets see.
We have some Monthly and weekly support here, and a what appears to be a buy zone... would be surprised if we didn't see a bounce here.
Looking for a retrace here. targeting .618 or .5 levels. Then will probably take it short after depending on situation
IT cant KEEP going... RIGHT?!?!?!
So basically I have created a spread sheet that compiles a ton of indicators from the 4HR, 1DAY, and 1WEEK. Based on the data presented to me I decide what trade I want to take and why. I am taking this trade because we have mixed indicator signals, and a bullish engulfing on the Weekly. The shorter time frames present buy signals, but the longer time frames...
Pulled at the top of the past uptrend because we were running out of gas... taking it now at what I believe to be the bottom. Looks like we will come out of the top of the supply zone and resume upward movement.
I really don't think we can keep going straight down much longer. Looking for slight retrace here. Targeting purple lines.
Might close trade early... Just looking at the resistance levels, I think we will see some short term JPY strength before we go higher.