BenAqiba's Blog

Avatar

EURJPY

It is always a great pleasure or me to look how liquid couples behave ,like EURJPY.Fluctuations are big.
I will start here with daily chart.
On the chart bellow you can see when the big money entered on the market.The market created too strong Piercing line pattern which is one on mine favorite patterns.That was the sign for me that Bulls wants to take control over the market.
Daily chart
On weekly chart the same patter was detected as pin bar, although with a small Bearish body. Usually I wai…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
oderum Kommentare zu hinterlassen
Avatar

USDJPY

Monthly chart
I will start with Monthly time frame,we had here uptrend in previous structure,and the price is now in the symmetrical triangle.This could be the beginning o the wave three .
Weekly Chart
It seems that e have the same triangle on the Weekly time frame ,which give the more power in triangle.To enter in long position we can wait for resistance breakout.
Daily Chart
On Daily chart we have some little …
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
BenAqiba avatar
BenAqiba 7 July

People often ask me does  some line is valid or not ,and I answer them "I don't know".Only the market have that power to answer to us on this question!

It seems that resistance line is valid on this pair,because the market failed to break above.
It is the candlestick below red arrow.Now I know  that line is valid!

oderum Kommentare zu hinterlassen