Starting with daily price has been trading within a down channel for several months. Failed at channel resistance and closed below the 50 period moving average. Price is facing significant support at 126 area, which it has tested multiple times since 2015. Expecting price to test this area, and will be waiting to see if price can break through and continue downwards.
On weekly you can see price failed from long term down trend line, and failed at 20 period moving average. Approaching support, and will look to see to how price reacts to weekly 200 MA.
On weekly you can see price failed from long term down trend line, and failed at 20 period moving average. Approaching support, and will look to see to how price reacts to weekly 200 MA.
코멘트:
Strong bearish candle today. Trade in over 150 pips profit. Price recently broke below 20 day moving average.
코멘트:
Closed trade out today due to price action
코멘트:
Great move on the Yen pairs, shorted multiple positions of GBP/JPY and USD/JPY, still running over 2,000 pips
코멘트:
EUR/JPY has broken through major support. If support tests as resistance, this could be the sign of a major trend continuation. Cheers.
코멘트:
Price is retesting support and Yen pairs are looking interesting. However, they need significant down moves to be trade-able IMHO.
