USDJPY - BULLS TO TAKE CONTROL

21 февр. 2016 г.

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements

Daily

• Pivot points: Price is below Monthly and Weekly central
  Support/Resistance:price sitting at support,resistance is above at around 114.350
  EMA: Price below 21, 55 EMA 200 bearish
  Trend: Down
  Structure: LL,LH,LL,LH waiting for HL and HH
  Bias: Bullish
  Psychological levels: 112 just below current price
  Stochastic:Rising around 50
  Fib: Price at 618 fib retracement
  

4H Chart

• Daily Pivot: Price at DS2
  Support/Resistance: Nearest resistance is 114.5, Prise is sitting at support
  EMA:Price Retested 55 EMA after riding 21. This suggest corrections more towards 200 EMA and that would be 21 EMA on Daily
  Trend: Down
  Structure: LL,LH,LL,LH, this might be HL so HH is expected
  Stoch: Oversold below 20
  

1H Chart:

• Suport/Resistance: Price at support and near resistance on 1h is 112.8 - 113
  Stoch: Rising from below 20 oversold levels