Weekly: Price is approaching a Weekly Supply Zone that served as a previous 2x Top Neckline, it also wants to possibly retest the broken weekly triangle support trend line.
Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence.
4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4 Hour 0.618 FIB, price will extend to the 4 Hour 1.618 FIB in confluence with the Daily 0.618 FIB where it will find major resistance
**Waiting for bearish confirmation between 111.000 & 112.000**
FXLifestyle - Trade Your Future
Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence.
4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4 Hour 0.618 FIB, price will extend to the 4 Hour 1.618 FIB in confluence with the Daily 0.618 FIB where it will find major resistance
**Waiting for bearish confirmation between 111.000 & 112.000**
FXLifestyle - Trade Your Future
Note
Price is stalling around 111.000 price point. Watch for bearish confirmationNote
Nice rejection off of 0.270, adjusted my original fibs.
Waiting for a nice engulfing candle to form, RSI to cross under 70. Will update soon on my entry
Trade active
USDJPY playing out as expected. Entry was initiated last night. Price broke trendline, adding 2nd entry when price prints a bearish engulfing candle off the trendline
Trade active
Trade closed: target reached
tradingview.com/chart/bYQUHzrg/TP reached. Looks like a possible H&S will forming in correlation of a pull for correction wave B and then further downside with confirmation of H&S and next correction wave C.
Will be looking to re-enter after pull back!
Playing out very nicely!
Trade active
price broke and retested H&S necklineTrade active
Adding 2nd entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.