USD/JPY

2016年8月15日

This chart seems to be very complex, however I have narrowed my search towards this pair efficient as possible. Notice the double curve and how the trend is being crafted where the down fall has hit. With the help of fib retracements I have estimated the price action in a long term style. You can see the WXY pattern appearing where Y is the third triple top, I believe the trend will break the potential resistance. Therefore short term selling may be a kill zone point for shorts, whereas indicator shows a low balance of power for longs. A bullish reversal may hit but that would mean the trend be moving in between the pitchfork for some time, if the trend breaks the pitchfork I do believe the potential bullish trend may hit resistance and also hit point Y.

Current point: 101.236
Opening point: 101.107

(Will be keeping update on this pair for exit point and profit target)

2016年8月16日

交易進行

Profit target: 101.641
Exit point: 100.825