Major Confluence!

20 May 2018Weekly: Price is approaching a Weekly Supply Zone that served as a previous 2x Top Neckline, it also wants to possibly retest the broken weekly triangle support trend line.
Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence.
4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4 Hour 0.618 FIB, price will extend to the 4 Hour 1.618 FIB in confluence with the Daily 0.618 FIB where it will find major resistance

**Waiting for bearish confirmation between 111.000 & 112.000**

FXLifestyle - Trade Your Future

22 May 2018

Yorum

Price is stalling around 111.000 price point. Watch for bearish confirmation

22 May 2018

Yorum

Nice rejection off of 0.270, adjusted my original fibs.
Waiting for a nice engulfing candle to form, RSI to cross under 70. Will update soon on my entry

23 May 2018

İşlem aktif

USDJPY playing out as expected. Entry was initiated last night. Price broke trendline, adding 2nd entry when price prints a bearish engulfing candle off the trendline

24 May 2018

İşlem aktif

26 May 2018

İşlem kapandı: hedefe ulaştı

tradingview.com/chart/bYQUHzrg/

TP reached. Looks like a possible H&S will forming in correlation of a pull for correction wave B and then further downside with confirmation of H&S and next correction wave C.

Will be looking to re-enter after pull back!

Playing out very nicely!

29 May 2018

İşlem aktif

price broke and retested H&S neckline

30 May 2018

İşlem aktif

Adding 2nd entry