I think it's a good time to enter long here ... but I'll just wait for ism data.
You guys agree?
You guys agree?
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DislikedI think it's a good time to enter long here ... but I'll just wait for ism data. You guys agree?Ignored
Retested Lows But Still Indecisive
Good day to everyone, we have a follow up on the USDJPY 8 hour from Monday after the disappointing U.S. Manufacturing PMI. There was a run up after, if your refer back to that chart the support that turned into resistance failed technically. Over the past two days has done both of the expectations fail to resist to continue lower on the bearish breakout, as well as come back to retest the 70.7% Fibonacci retracement level today. Near the bottom of 98.852 we have a bullish engulfing candle that closed at 2 pm est. We do have some reversal sign apart from the Gartley Pattern with the candlesticks.Dislikeddouble bottom and positive MACD divergence in 30mins chart. In 1HOUR chart double bottom and postive MACD and HISTOGRAM divergence. {image} {image}Ignored