mamed1
做多

How i'll trade the pair for next week

FX:USDJPY   美元/日元
Analysis:
In our previous analysis for the pair we've mentioned that the only way to confirm the break of the downtrend channel was to break the channel by the first wave of the potential uptrend,yet, if you looked at the price action and the sharp retest you'll notice how weak the bulls are indicating that the market didn't makeup it's mind yet and maybe it's an early signal for the weakness of the potential uptrend.
The bulls did break the uptrend by the first wave (weak wave) made a beautiful extended gartley between the third wave and the fifth wave of the lesser degree then felt in a sharp correction forming a perfect Zigzag (or AB=CD harmonic pattern )and now ready to fly in it's third wave trip .
Classical view:the price is retesting the prior trend line signaling weakness of the bulls , RSI indicates oversold on the 1 hour and the 4 hour,the price retraced 88.6 % (potential butterfly ) the price is respecting the trend line for now but it will confirm on Monday.

Trading :buy long targeting 111.00 stop loss 108.70 (protect your profits every fibo ratio)
Updates will be on daily basis .
评论: What was considered as the second wave broke what was considered the first wave ,thus the counting is wrong ,now the 109.00 level is extremely important ,keeping an eye on it would be wise.
Nice analysis, Keep it up!
回复
mamed1 HudaAli
@HudaAli, Thank you,the price action is shaky though
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出