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USD/JPY Reached its lowest low

USD/JPY reached its lowest low in a rallying downtrend expected to switch and reach back to its average rate unless news breakout
watch the Daily chart and trade with patience and caution
And watch the news.
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priceaction113 avatar

a low up to 98 can be seen

Youssef085 avatar

Not to mention this was lowest low and prices retraced from 40% to 60% of the wave to retest the broken level, the retest was lower than the highest high in the wave, this was an indication that prices were going further down, prices finally rebounced indicating the end of bearish trend when the retracement ended with higher high (pull back retraced more than 100%) then higher low was indicated. take a look at chart history from 3rd october until 98 point

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GBP/USD Analysis using related pairs

By Using multiple charts of 3 Different related pairs.
GBP/USD Would continue get weaker in its downtrend then it would switch to uptrend. Set Buy limit at Fibo 23.6%. Use aggressive strategy at this one, confirming the uptrend when RSI come closer to the 50% Range.
Don't Forget to set the Stop loss! very important.
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samymahrous avatar

افكارك جميلة يا جو

sonjatrader avatar

Gracias

Youssef085 avatar

samymahrous على فكرة تقدر تشتغل بالتحليل ده عل ثلاث ازواج من أول غدا لو واحد اعطى إشارة مع اتجاه السهم هتكون بداية الحركة أنا مش عارف الحركة هتبدا امتى بس اللي واثق منه أن الحركة هتستمر في اتجاهات الاسهم لفترة بين اسبوعإلى اسبوع و نصف إذا بدأت. fu]dih بعدها هنزل بالتجديد. لو ال آر أس آي كان في المنتصف و الشمعة قربت من خط فيبوناتشي يبقى هتكسره و تكمل لو ال آر أس آي قريب من ال80% أو ال20% يبقي الشمعة هتكسر و ترجع او هتخبط و ترجع او هتقرب

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