lets wait and react to the the market price currently its at the top near the level 105 and in daily it shows some rejection candles if it gives any entry near the yellow zone i could probably enter in a trade. look into monday open and will goooo.
educational purpose only not financial advise.
market is nearing a ressitance zone as well as a strong psych level 105 . lets wait and react to the market . may be we can look for sells if get a nice consolidation break and retest to the blue zone marked in the charts
still in the daily range after hitting the resistance it tanked down maybe a pullback or retracement towards the fib levels would be amazing to get in the trade
looking from last week the scenario seemed completely reversed , after hitting a very old resistance zone the price consolidated for a period at the top and forming a double top and rejected towards down side so lets wait for a pullback with some entry signals to enter in the trade
from last weeks analysis The range which was in effect for several days was broken down wards and the market gave us a clear break of support which turned resistance now a pullback towards the zone will gives us entries for further downside.
The daily is turning down against the March highs at 111.68. The 4 hour is turning down against 106.11 October high. While below 105.34 the pair can see further weakness toward 102.50 to 102.00 before a bounce corrects the cycle from the 106.11 October highs.
LONG USDJPY
@104.50-104.20
TP: 106.00
SL: 103.80
Good luck !
The daily right side is up against 8/16/2018 low at 1159. The 4 hour is turning down against 2075. While above 1848 where the hourly is turning up Gold can correct the cycle lower from 2075 before another swing lower to correct the cycle up from the March lows.
LONG @ 1900-1897
TP: 1930
SL: 1886
GOOD LUCK !
The 4 hour right side is down against the 3/19/20 highs at 1.9789. Ideally while below the late June highs there the pair can see a turn back lower continue. Before fall we can see a short term rally towards 1.6350
LONG EURUAD
@1.6230-10
TP1- 1.6280
tp2- 1.6340
SL: 1.6190
Good luck !
The 4 hour is turning up against 3/09/2020 low (101.19). 1 hour is turning down against 107.46 high. Near-term, while bounces fail below 107.46 high and more importantly below 109.85 high expect pair to extend lower to correct the cycle from 3/09/2020 low in 7 or 11 swings before upside resume.
Sell USDJPY
@108.10-55
Target: 105.00
SL: 109.50
Good luck
