LONG OPPORTUNITY IN USDJPY
DATE: 11/04/2014
RENKO
Price has hit the 200 EMA
Price seems to be have found support today but may be due to the closing of short positions on Friday
CANDLESTICK CHART
Pitchfork main trend = UP
Price supported by the trigger line
Price making higher lows since 02.04.2014, is there a lack of sellers?
PROJECTIONS
If RENKO bars reverse by at least 2 bars, go long
Price target 1: 102.57
Price tareget 2: 103.323
RENKO
Price has hit the 200 EMA
Price seems to be have found support today but may be due to the closing of short positions on Friday
CANDLESTICK CHART
Pitchfork main trend = UP
Price supported by the trigger line
Price making higher lows since 02.04.2014, is there a lack of sellers?
PROJECTIONS
If RENKO bars reverse by at least 2 bars, go long
Price target 1: 102.57
Price tareget 2: 103.323
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