Short

EUR/JPY

Von PioTheFx

Aktualisiert

Kommentar

The marked is the region that I shall enter the market if price comes to it.

Kommentar

Price seems to have failed to adhare to the channel with the last swing high failing to reach the channel support.

Instead, a new channel seems to have been formed, and I think x might be a probable course of direction. This the best region to press my sell is if price goes toward the channel resistance.

Kommentar

If price fails to break the red highlighted level, I will expect it to act as a double bottom and operate as per my prediction toward X. although, further status to be watched out.

Kommentar

Price seems to have failed to break the red highlighted and thus as retracted toward resistance. Although, it is currently at the resistance of the blue bounded channel which it has recently failed to reach its support.

Also, it is just before the Moving average making the level stronger.
Weather it fails to breach this zone or it goes toward the resistance of the new channel, a bearish move seems to be at bay.

Kommentar

Possible pair moves

Kommentar

Price did not enter the channel, but instead it made a strong bearish move within the blue channel and letter breached the channel's support toward the Fib level.

Kommentar

As seen, price is back into the highlighted channel and has retraced toward its resistance level for a possible reversal.

Kommentar

On a Daily chart, price is currently within the channel of which the highlighted trend channel (now hidden) were a part.

Kommentar

There is a small bullish channel, of which price is at it's support which corresponds to the support of a very large Weekly bullish channel with a possibility of breaking as seen bellow.

Kommentar

Price failed to break the the purple channel support (which corresponded to the long term channel support as indicated above). Is now headed to retest the red bearish trend line.

Kommentar

This level is also corresponding to a psychological level 127.00. Thus how price reacts to it shall tell of the pending direction.

Kommentar

I have removed some drawings and remained with the visible channel in the Daily t.f chart. I have also adjusted to were I expect the market might move toward.

Kommentar

Currently the market has paused just before the Moving average.

Kommentar

In a 4 Hr t.f price is in a purple channel and has now paused at about the midway

PioTheFx

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.