justi-tech

justi-tech

Despite the choppy nature, remain bearish USDJPY. Failure should continue to be below March 3 low at 106.848 Watch break of March 11 low at 104.05 as an acceleration point. Key is the momentum oscillator (circled) failing above the zero line. $USD $JPY #forex #forex trading

justi-tech

Short EURGBP this AM Now that the BOE rate cut is done, 5 wave move higher in the cross complete with a spike high, bearish divergence in the process of forming and a potential shooting star on the dailies in process. Bearish looking for a break and intraday closes below the March 3/4 highs c0.8744 for a move to the wave four low at 0.8621. $GBP #forex #forextrading

justi-tech

Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels. With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain. In the simplest of terms if the USDRUB rally into the consolidation fits the theory of...

justi-tech

Weekly break of a major consolidation channel with a bullish candle and the close at the high of the week, argues for significantly higher levels. With Oil under the pump, global equities and growth in serious decline the Rouble should continue to come under severe strain. In the simplest of terms if the USDRUB rally into the consolidation fits the theory of...

justi-tech

My target was 104.84 the 1.618 extension of wave i, unfortunately just missed but have taken 50% of profits now. However, my concern for equities is deeprooted and any short term upticks whether generated by BOJ or not are selling opportunities. Stay the course. $USD $JPY $SPY

justi-tech

Short looking for this move lower to develop into a wave 5 extension. Targets towards 105/105.50 remain valid until proven otherwise.

justi-tech

Setting up bearishly for a completion of this correction. $EURJPY $EURUSD $JPY

justi-tech

Failing to make a new high and a bearish candle today i.e. a close below the open will be the first sign of a stall against this trend resistance. Eur crosses setting up for correction. $eurjpy $eurgbp $eurusd

justi-tech

EURUSD - Overbought conditions developing, short term corrective opportunity. February’s monthly hammer and a completing corrective structure suggest we may now have seen an important medium-term low in EURUSD. The weekly hammer-like/bullish harami reversal candle two weeks ago resulted in an impulsive rally that has taken us to resistance at the top of a major...

justi-tech

Following a completed and impulsive wave rally, that has overextended, with oscillators stretched and price failing we look to be starting a wave corrective phase. This should evolve into an alternate zigzag pattern lower with potential to 0.85875 the 38.2% of the most recent major wave higher.

justi-tech

Quick bites - Bearish Monthly wide range outside bar. Weekly extreme wide range gap lower. Friday daily bullish hammer-like candle/bullish harami. Oversold. High Friday close concocted in the last 30 minutes of trade = artificial? Whether bullish or bearish the best outcome is that we get a small corrective bounce before extending lower. Bullish scenario is...

justi-tech

Resold the break of 109.65 Feb 18 lows after the end of day bounce I expected yesterday failed to materialise. Heading towards major trend channel support in the low 109's now. Given the extent of the move would expect some sort of a stall here, so reducing against this trend support is a valid stategy. But with equities stilll vulnerable, USDJPY and Jpy cross...

justi-tech

$usdjpy

justi-tech

My long term target at 1.25 is met. Time to take some profits.