Loading ...
Loading ...
-
[
Tricky Times, I'm Counter-Trend Now! 
]
Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
... more[ Tricky Times, I'm Counter-Trend Now! ]
Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move.
If you're determined to short USDJPY, keep an eye on the 1-hourly chart (left) at 138.89, as long as the market stays within the sell zone. It's worth considering.
On the other hand, if you're bullish, pay attention to the key level at 138.21 for a potential head and shoulders pattern, indicating a buying opportunity.
⚖️ If you're torn between shorting and buying, observe how the market behaves at 138.21. A violation confirms your short, while no violation means a tough decision awaits.
Live chart:
https://www.tradingview.com/chart/USDJPY/h1HfLCbj-Tricky-Times-I-m-Counter-Trend-Now/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#USDJPY #headandshoulders #keysupport #outsidebar #countertrend #candlestickpattern #candlestickanalysis #sellzone #supportandresistance #ForexAnalysis #TradingOpportunities #TradePlan #DollarBias #CounterTrendTrading #JanetYellenSpeech #TradingInsights #MarketAnalysis #TradeWisely less
https://vimeo.com/847015169
-
-
Channels Recommended for You
-
Loading ...
There are no more results to show.
GBPUSD is currently experiencing an overall bullish trend, as evident from the Weekly Chart (right) showing bullish movement within the Buy Zone.
This week marks my last opportunity to go short on EURUSD. The Weekly Chart shows a violation of structure, forming higher highs and higher lows.
Stay tuned for more trading insights and updates!
Aggressive traders, like me, may choose to wait for a market retest to the previous resistance at 1.2420 on the 1-hourly chart.
