as long as this structure has not been broken i will be looking for buys back up to recent HH. this structure lines up in between 50 and 61.8% on Fib Also you can see it wasn't broken on the 4H which shows me there is buying pressure in this zone Looking for entries around 1.3265
Speculations!!!! could we see a morning star formation formed before the end of the year. as we can see my 61.8% fib lines up with a nice level of rejection and just above this is my monthly resistance. on the lower time frames we have already seen father indications that we should sell (1w and 1d time frames. however the movements towards the end of the year...
we have reached the 61.80% on our fib monthly resistance is close to this level also around this level we have seen previous rejection. this week we will most likely looking to be finishing with a doji or a bearish candle. with this if we get another bearish candle for next week we will have formed a morning star which indicates a sell. with all these...
here i have a fib point c has been created at 61.8% which is also my monthly resistance (i need to update my labels for my resistance and support) the last 3 candle sticks form a morning star which indicates a sell, however my weekly support needs to be broken. then we can see 112.000 for target 1 and 110.000 for target 2
here i have noticed we are in a defending trend. i have used a fib a recently D1 has been achieved. the latest daily candle stick is a shooting star so i believe we have the potential to even lover and reach D2 (-61.8%) however my weekly support will need to be broken for this to be achieved. my first target is 124.200
cross over of sma's show that there could be a possible uptrend price has test the trend line 3 times, from this i can see it is quite strong and i believe we can see USD/JPY heading to 124.900