Market is creating a compression creating a good trade setup , Take a Trade as per breakout accordingly .. . . Wish U A Profitable Trade . . . .
ON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019 ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times. Also we can find a downward trend on overall chart So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish....
Price is clearly forming an ascending channel hence looking to enter short. Trade like how the big boys trade (banks and financial institutions). Do not aim for silly 20-30pips instead look for 90-100 pips and above. Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past! Dont depend on lagging...
price stuck inside the golden zone of fib area. once rising wedge broken we can expect some downside move
Usdjpy after a strong impulsive move, forming flag pattern( confirms after trenline break to upside , expecting AB=CD .
Just price Action and trend analysis
US Dollar/Japanese yen :- Downside channel breakout go long for 106 target & 103.5 sl #Disclaimer:-I just shared view for only educational purpose.
Price has formed a falling wedge pattern. Hence looking to enter LONG. Thank you to all those who have sent me private message to learn more about the trade Please Note: Just knowing the direction of the next move will not help being profitable. There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the...
hold for this week and enjoy the benefit. follow for more signals #pipologist