USDJPY 240 falling SR as a support level - possible long

12 Ağu 2019

No clear trends that I can see here. But the firm resistance level shown in solid blue starting 24 June 2019 looks like it is providing support as shown. I will be looking for a break in the RSI and PA trendlines in support of a long trade.

Also note the support @ 26 Mar 2018 and 3 Jan 2019. If this support remains intact, this also indicates a long trade.

26 Ağu 2019

Not

Well, after two weeks away, and now back to pick up the pieces of any open ideas….

Here’s the break above the RSI trendline (and the PA trendline too):


And subsequent long PA with a possible trade with a 1.3 RtR. Always tough to say after-the-fact, but like I said I am trying to close out old ideas.