This mark up goes hand in hand with our USD/JPY technical mark up again you can see this market making a series of higher highs and higher lows, Also confirming an ascending trend level logically speaking we should see a continuation to re test the previous shoulders as marked on the chart how ever this is forex and we could also anticipate a break out as the highest price traded previously has come from a strong previous resistance as you can see on the macro picture if we where to trade the break out we would like to await a clean break of the neckline this will entice sellers in to the market but not before we see a pull back to collect stop losses of un educated retail investors we will await a break of the neck then asses the pull back to retest the previous ascending trend support as a trend resistance using the trend reversal for our market reversal confirmation.
This trade will need patience and a good understanding of the live chart.
This trade will need patience and a good understanding of the live chart.
Anmerkung
the neckline was broken how ever we missed the re test of the trend as the market spiked we are currently awaiting a re test with further confirmation to give us a short bias / entryTrade ist aktiv
Anmerkung
approaching our first target @0.9990Anmerkung
1st target hit we are now trading risk free -
For anyone interested.
asesment of this pairs current situation.
We have closed below our 1st target, you can now see a pull back to retest the price as a resisitance this area is also aligned with a previous support which we could now become resistance i would now like to see selling pressure come in to the market and for the market to contiue making lh and ll to give me confidence in a continuation.
Anmerkung
We have added a second entry using a sale limit at 1.0014Anmerkung
pending order cancelled.Anmerkung
scaled in at the 1.0000 handleTrade wurde manuell geschlossen
closed both positions for a combined +120 pips!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.