That support line is a three-time not breakable line if it's going again definitely will break... FX:USDJPY
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (108.65). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
The daily and weekly is in strong buy trend. Going down to the lower time frame the market has just reversed from a bearish to a bullish market. So we are on this trade. We will look for another entry even if stop hits.
I'm expecting it will go up 100 pips .On the 1hr you can see a bullish flag .On the daily it is becoming a bearish flag and can expect a 350 pip drop .
will be going for buy at this level. If stop hits, then again go for buy after coming back to retest the trend line or to the marked zone area.
usd/jpy taking support and making triple bottom is time to buy
Buy USDJPY at 108.70 to 108.85 stop loss 108.30 targets 109.45 and 109.68
The market has provided a nice impulse move towards the upside and came down for a minimum retracement at a 38.2% of fib retracement on a weekly time frame. Going down to the lower time frame the market has shifted from a 4 hr bearish market to a bullish market. So we took this trade with a good 1:2.5 risk to reward
1. DOWNTREND PULL BACK IS OVER 2.CREATING LL PRICE ACTION IN HIGHER TIMEFRAME 3.COT DATA SHOWS BEARISHNESS IN USD/JPY PAIR
Refer my first trade idea for the full picture. 1.Price has broken swing highs 2. Points of Interest (POI)/Demand zones that sponsored the breaks have been marked. 3.based on how price approaches and reacts to the POI, longs can be taken. Trade Plan: On lower time frames where structure is clearly discernable, we wait for a break of market structure to the...