The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390.
What we have observed is price discounting itself. An opportunity to buy at a cheaper price level.
So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...
We are short EURJPY from 129.22, a key trendline supporting price was broken to the downside. Another significant price 129.35 is left behind and the only option here is to follow the sellers.
We will target 128.32 for the short term.
A trade above 129.55 will close us out.
Entry Short: 129.22
Stop Loss: 129.55 + Spread
The situation in AUDUSD is clear. We have medium structural point at 0.7104
this is just the first failure to extend the bullish run last week.
This type of scenario is to lure many buyers in and frustrate the seller.
Key numbers, we are long at the structure 0.7104, we will target the daily range first, 0.7142 and high of Friday next 0.7149.
Above the Friday's...
We have a potential strong bounce from the structural point on EURJPY.
Over the last few sessions, we have seen price printing lower lows without fully breaking lower, this scenario presents to us a high probability trading opportunity.
We have a structure at 129.13 which has been tested this morning. If price continue to rise and close above the 129.68 1WCLOSE we...