USDJPY Forecast and trade setup for the week 10th March, 2014
USDJPY Forecast and trade setup for the week 10th March, 2014
Bearish Cypher and Bat Overlapping at the same PRZ
Weekly Chart
Daily Chart
- Stochastics is crossing at overbought area
- Lots of resistance - Trendline, Clouds
- On writing this blog, i could see a potential Bearish Cypher, however the PRZ is around 104. So if its gets there, i would most likely short it on PA confirmation
Hourly Chart
- You see i have a Bat pattern drawn, which actually will be the same PRZ zone on the Cypher I mentioned on the Daily summary
- The most recent Price action suggest we have topped , however support is also near
Outlook Trade opportunity
Hourly Chart and Daily Chart identified two Patterns (Cypher and Bat) at the same PRZRisk Level LOW
Tips -
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