Get started

Usdjpy-bullish

USDJPY - 'Potential Inverse head and shoulder'BULLISH outlook: 1. Daily Inverted Head and left shoulder formed waiting for right to be formed for confirmation. 2. VERY bullish MACD divergence and clean 3. Key supportive line @ 108.000 - last touch was sep-oct 2014 2014, historical support going to 2007-2008 and 2003 - 2005 4. Fib 0.5 level and 108.00 align perfectly with a higher low. CONS: Against daily trend for past 6 months Neckline of the head and shoulder pattern is aligned with the 50ema, however once broken is a strong factor for a long thesis.
Long
by ZenTrader108
USDJPY Is Due To A RetraceFX:USDJPY This pair is in a definite downtrend but with such huge moves down corrections are inevitable. The price will bounce up closer to the moving average. We have multiple bullish divergences on multiple indicators confirming this analysis. The projected take profit level is a 61.8% fib level. There is still a chance that it will honour weekly bearish engulfing candle formation and continue to fall down thus the stop loss is placed just under the previously respected S/R level.
Long
by Ambipath