trying on a short here, bearish 1H divergence against monthly pivot ~107.3
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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedI consider the reversal near 106 to be confirmed We are in bull territory againIgnored
Disliked{quote} We are in a range. Traps are often at the edges. They send price over known points of interest to excite people into thinking things are not what they are. If you use Fib levels watch the 70% level. It is used frequently because the consensus is that when price clears 62% retracement it is then a trend reversal.Ignored
Disliked{quote} I am still short. There is what looks like a flag on the 1hr at the 106.8 level, but looking left I see the same formation in reverse, so I am holding. If price even peaks above 107.1 area convincingly I will close my shorts out, For now though we seem to be following the pattern back down to 106.2 area which if you pull out.. one... puts us in a nice range. Two would form the ever popular "double bottom", and three also falls into he "master pattern" Priceaction. On the indicator side of things the fisher transformer has not hit the bottom...Ignored
Disliked{quote} interesting observation with the DOW, i'll have to take a look. not as experienced with UJ as other pairs, been watching it, trying to see how it fits in with USD and equities in this ongoing risk on/off cycles. CA, AZ, TX is definitely bringing a reality check.Ignored
DislikedShorts closed. The 1hr flag is confirmed for now. Will watch this level though. Could turn back south again. This could be opening bell shenanigans. Wait a Minute.... We are returning to where the London open started us south... Hmmmmm... {image}Ignored
Disliked{quote} THE FLAG WAS REAL!! Wow. Didn't think it would be so quick. Hoping for another 1hr flag up here to send us back down. Definitely should have gotten off with you Neuron. I am glad though that I closed mine in profit, but I left a lot on the table ugh. Consolation is that Gold did the same thing to the downside and is now making it's way back up to where it started. This could have be a flush before we go south.Ignored