USDJPY continue holding long based on Gann.

OANDA:USDJPY   US-Dollar / Japanischer Yen
Price opened last week almost right on an extremely significant price are. We have 2 very important levels to review here. The 1st is the open of the week was within the value area of two intersecting Gann angles. Even more important is that price never traded to test it, it was a firm rejection away from that area. To give further support, the key Gann level at 110.556 also never got test this week confirming the bullish signal from last week.
I also take into consideration the moon phases according to Dr . Gann and his importance on certain time cycles. Sept 22nd is historically, according to Gann Theory, an important date for some violent trend reversals or trend continuations. So that would help confirm the probability of some continued bullish momentum.
We do have some very low volume areas at 116 and 108, if price does indeed move in the path of least resistance, any break to those areas would more than likely cause some heavy movement in either direction.
There is more risk and reward to go long here. We have been in a long downtrend since the start of the year and people with longer timeframes looking for a pullback to go short again could be waiting above. There is continued reasons for being bearish on this pair.

This idea is a continuation of the long positions that is still active from the idea on 09/11/17.
can u tell me how ur drawing these and calculating
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden