USD/JPY: week12
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Hi Guys,
Here is the link to a tweet I am https://posting...https://twitter.com/CozzamaraDaZena/status/1111187101981265922
#usdjpy 1H 25/3 showing triple bottom on price at 110 and double bottom in RSI oversold. It looks like the pair is on the edge of a cliff but if structure supports, and #gold keep going south, IMHO #usdjpy may well resume its run to end the week attacking 111. AToW 110.180...
...to unfold such a move #usdjpy must climb back above 50SMA and IMHO n.2 level maybe re-tested a couple of time before cleared for wave 3OTOH, structure is invalidated if support at 110 fail and spot #gold return above 1310
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Here is the link to a tweet I am https://posting...https://twitter.com/CozzamaraDaZena/status/1111187101981265922
#usdjpy 1H 25/3 showing triple bottom on price at 110 and double bottom in RSI oversold. It looks like the pair is on the edge of a cliff but if structure supports, and #gold keep going south, IMHO #usdjpy may well resume its run to end the week attacking 111. AToW 110.180...
...to unfold such a move #usdjpy must climb back above 50SMA and IMHO n.2 level maybe re-tested a couple of time before cleared for wave 3OTOH, structure is invalidated if support at 110 fail and spot #gold return above 1310
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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