Disliked{quote} Nfp why you wrote like that Dano was really polite and shared his/her opinion ? İs it neccessary to write like this ?Ignored
- #997,204
- Jun 3, 2015 3:18pm Jun 3, 2015 3:18pm
- | Commercial User | Joined Dec 2009 | 2,376 Posts
{quote} You forget To type 'Please'
have a nice day pleaseeeeeeee
focus while relaxed to see better
- #997,205
- Jun 3, 2015 3:19pm Jun 3, 2015 3:19pm
- | Commercial User | Joined Dec 2009 | 2,376 Posts
ok we corrected enough i think we will resume our bullish up side
all have a nice day
all have a nice day
focus while relaxed to see better
- #997,207
- Jun 3, 2015 3:25pm Jun 3, 2015 3:25pm
{quote}see the USD JPY continues to be strong, despite the worse 2 q in the US economy - while still prints BOJ
Whenever i buy the price goes up & whenever i sell the the price goes down!
enjoy your night
- #997,212
- Jun 3, 2015 3:38pm Jun 3, 2015 3:38pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
- #997,218
- Jun 3, 2015 3:54pm Jun 3, 2015 3:54pm
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
So what are we doing tomorrow? To answer that we need to see the bigger picture. Below I prepared a 4H chart for you. I will quickly explain what is going on there.
The first thing we can notice is that price climbed through a thick cloud and after hesitating around it's outer border finally in the last 2 candles it clearly reached out of that cloud. This is clearly the first reason why we must think bullish in long-term.
Then we also notice that price has been in a huge channel for almost 5 weeks. Today that channel is broken too. So again another reason to think bullish in the longer run.
Another detail we have to see is that the black chikou line of the ichimoku indicator is now reaching out of the cloud (the line inside the black circle), this is also supporting that we will have a continuation of bullish action.
Now, I marked the most important area for the remaining days of this week that will be tested with BLUE. The zone 1.1288 comes first. If pa can pass through it will reach out till 1.1358. Of course it is possible that some candles may have shadows which reach even higher but the blue area could be roughly the playground for this week.
BUT....... simple physiscs rule: every action will have a reaction.. In such case price first may try a retrace towards the edges of the broken channel. It should not fall lower than 1.1096 (again some shadows may reach deeper but the bodies of candles probably will close around 1.1096)
The bold red line is the 50 EMA... we have to watch this line carefully.. once price comes close to it we can wait for a bounce.. most of the time retracements end +/- 50 pips around 50 EMA on 4H..
Finally you will notice the angled trendlines.. if price retraces it will head towards the midline of that angled channel which is again the levels around 1.1096.
I believe after a retest around the blue area we surely will go back down. I could be wrong in the order but both will happen.
I hope this helps. Sometimes it is good to step out of the forest and see the forest instead of just looking at a couple of trees..
Happy Trades
The first thing we can notice is that price climbed through a thick cloud and after hesitating around it's outer border finally in the last 2 candles it clearly reached out of that cloud. This is clearly the first reason why we must think bullish in long-term.
Then we also notice that price has been in a huge channel for almost 5 weeks. Today that channel is broken too. So again another reason to think bullish in the longer run.
Another detail we have to see is that the black chikou line of the ichimoku indicator is now reaching out of the cloud (the line inside the black circle), this is also supporting that we will have a continuation of bullish action.
Now, I marked the most important area for the remaining days of this week that will be tested with BLUE. The zone 1.1288 comes first. If pa can pass through it will reach out till 1.1358. Of course it is possible that some candles may have shadows which reach even higher but the blue area could be roughly the playground for this week.
BUT....... simple physiscs rule: every action will have a reaction.. In such case price first may try a retrace towards the edges of the broken channel. It should not fall lower than 1.1096 (again some shadows may reach deeper but the bodies of candles probably will close around 1.1096)
The bold red line is the 50 EMA... we have to watch this line carefully.. once price comes close to it we can wait for a bounce.. most of the time retracements end +/- 50 pips around 50 EMA on 4H..
Finally you will notice the angled trendlines.. if price retraces it will head towards the midline of that angled channel which is again the levels around 1.1096.
I believe after a retest around the blue area we surely will go back down. I could be wrong in the order but both will happen.
I hope this helps. Sometimes it is good to step out of the forest and see the forest instead of just looking at a couple of trees..
Happy Trades
Focus only on what truly matters!
