corrective structure after a buy impulse on the USDJPY. In addition a repeating correct OANDA:USDJPY ive formation is occuring on the 15 min chart that is allowing for a great short term trade
We are currently looking at a sell setup. Given the heightened volatility of the market we can potentially see a powerful move to the downside. We enter our sell now to get the tightest stop loss position!
Great buy structure on the NZDJPY. The depth of the correction provides for a tight stop loss and far take profits. If price dives below the red line danger zone we can say that the pattern is invalid. In further investigation you will also find that there is MACD divergence that signals a break out. It may not be long term but if we are correct the move will be fast!
Corrective Structure on AUDUSD that can lead to a nice impulse to the upper trendline. There are several economic factors that may boost this move also
