Breaking down DollarYen I was able to discover a possible bearish bat on the 4hr. I was able to illustrate two possible route this pair could take. Green representing my most favorable. Red illustrating a path we should wait to see play out.
If price action bounces from the 112.692 field. To the C leg. I wish to go short to the D leg. If price action continues to weaken. and steadily fall to the 111.638 field. We can anticipate a reversal, back into its comfort zone. There is interesting data in the Daily Chart and Weekly chart regarding where this pair will stand. So for sure have a peak. I will continue to update this idea. May take a day or so to develop. Thanks for stopping by traders!
If price action bounces from the 112.692 field. To the C leg. I wish to go short to the D leg. If price action continues to weaken. and steadily fall to the 111.638 field. We can anticipate a reversal, back into its comfort zone. There is interesting data in the Daily Chart and Weekly chart regarding where this pair will stand. So for sure have a peak. I will continue to update this idea. May take a day or so to develop. Thanks for stopping by traders!
Yorum:
So far so good guys. Our small team got involved hoping to complete from B to C and caught some nice pips so far. Its still got a little ways left. I am waiting sell and complete the C to D Leg. So good luck traders. Keep an eye on this pair! Hopefully it goes our way. Good luck!