Yes weekly looks promising close over 1.7600 would be good,may consolidate above that based on monthly and W1 consolidation zone ,lower rising TL respected
#doyourownanalysisordietryin
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DislikedI see that UJ reversal if it is above 85.30.
If u see weekly chart ,u will see a Hammer.
SO I think that UJ can tend to 90 areaIgnored
DislikedHi dear traders!
Long time no post here, I hope you all are doing great, I'd like to share a couple of interesting charts today:
1. Following the ¥: Bullish Engulfing daily LFXJPY chart, so, bounce expected in all Yen pairs [Yen weakness], I see buying pressure in ¥ around 48 area, weekly charts could confirm that, please be careful, because there are many traffic area around 48.50 and above.
Attachment
2. My dear buck $: Breakout of the ascending triangle [Dollar weakness], same configuration like ¥, many...Ignored
DislikedGood to see your posts, Jhon.
Looking forward for more of your chart analysts!
CheersIgnored
DislikedWait for the breakout is the most reasonable at this moment, I mean, $ is above 1.7450 [Traffic area], we're trading between 1.77 & 1.7450 [wide range in the buck], so, scalp longs here is good idea, or wait for breakout or rejecting at this area, a close above --> longs in play [Sell EU, GU, etc...], a close below --> bears in charge [Long EU, GU...], easy huh?, waiting for news, so far 1.7450 is holding, on FX the dollar is the main performer
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DislikedHi John
Would you explain the usage of LFX?
It seems LFX is used to determine the direction of major pairs movements?
My MT4 does not include LFX.
Is it an important tool for fx?
Cheers
tpatIgnored
DislikedHi Jhon I also see a tweezer and bullish formation on weekly and monthly shows potential for move up ,
At this time I take the last 2 weeks candles as consolidation type
http://www.forexfactory.com/showpost...postcount=6560Ignored
DislikedHi tpat!
Check this post, Hussin and Peaches explain LFX charts:
http://www.forexfactory.com/showpost...61&postcount=1
If you have any other question, just ask me!Ignored
DislikedHi dear traders!
Long time no post here, I hope you all are doing great, I'd like to share a couple of interesting charts today:
1. Following the ¥: Bullish Engulfing daily LFXJPY chart, so, bounce expected in all Yen pairs [Yen weakness], I see buying pressure in ¥ around 48 area, weekly charts could confirm that, please be careful, because there are many traffic area around 48.50 and above.
Attachment
2. My dear buck $: Breakout of the ascending triangle [Dollar weakness], same configuration like ¥, many traffic...Ignored
Dislikedits good to see some action in here again, you guys are good
have not heard from our friend in months now, all communication goes unanswered now whereas before there was responseIgnored