Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (108.87). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY is in a range bound and the beginning of Downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (72.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.4. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=142.05. TP4: S2=141.25. Set the stoploss of these orders at breakout of R2=143.6. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=121. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=121.5. TP4: R2=121.7. Set the stoploss of these orders at breakout of S2=120.75. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=121.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=122.05. TP4: R2=122.25. Set the stoploss of these orders at breakout of S2=121.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
2 candle bullish pattern coming out of the 50 ema, plus TDI correct
Divergence on the bottom, price trying to break a bearish TL, wait for a possible fake out, then go long.
TDI telling us to go short, but because it is counter trend will just wait for the correct pattern coming out of the EMAS to get in. We should expect a small bearish move of about 22 pips, take it as a little pullback of the high bullish move that started on December 12
We can see the divergence on the bottom that the TDI is telling us, plus direction of the EMAs.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.1. On the other hand, short term forecast is uptrend, so trading is more risky this day and if you tend to set orders, invest less money and expect to reach the following target: TP4: S1=142.35. Set the stoploss of these orders at breakout of R2=143.25. Stop and reverse:...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=142.8. TP4: R2=143.4. Set the stoploss of these orders at breakout of S2=141.8. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=120.95. TP4: R2=121.2. Set the stoploss of these orders at breakout of S2=120.25. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=140.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=141.55. TP4: R2=142. Set the stoploss of these orders at breakout of S2=140.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
SELL GBP JPY BELOW 140.470 TGT 140 SL 140.90, TESTING RESISTANCE LEVEL 140.800 RESISTANCE AREA AND (evening star candlestick formation )
BUY GBP/JPY ABOVE 140.260 TGT 140.500 TGT 140.750 SL 140.000
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=120.5. TP4: R2=120.7. Set the stoploss of these orders at breakout of S2=119.7. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...