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although candlestick pattern that tell us the price will move up ..i predict that usdjpy will continue to down .. i forecast double top formation and i predict that the price will reach to double top target
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USD/JPY DAILY
USD/JPY : UP TREND
USD/JPY WILL MAKE A CORRECTION AT THE MARKET OPENING ,
WHY CORRECTION ?
BECAUSE USD/JPY HAD BROKEN A PREVIOUS RESISTANCE (110.150 ).. RESISTANCE TURNING TO SUPPORT ..
WE CAN USE THIS SUPPORT AS ( STOP LOSS ) FOR LONG POSITIONS .
NOW HEDGE USD/JPY IS THE BEST WAY IN THIS CASE
BEST WISHES
USD/JPY WILL MAKE A CORRECTION AT THE MARKET OPENING ,
WHY CORRECTION ?
BECAUSE USD/JPY HAD BROKEN A PREVIOUS RESISTANCE (110.150 ).. RESISTANCE TURNING TO SUPPORT ..
WE CAN USE THIS SUPPORT AS ( STOP LOSS ) FOR LONG POSITIONS .
NOW HEDGE USD/JPY IS THE BEST WAY IN THIS CASE
BEST WISHES
EUR/USD DAILY
EUR/USD
Mutual & Hedge Fund had bought EUR/USD ( Long Positions ) in 23/10 @ 1.2648 ,and this position still opened , After Hammer candlestick ( 30/10 ) this Matual Fund had added new positions ( long ) @ 1.2612 & price now @ major support @ 1.2498
SO THAT :
1 - If u have short position , u should protect ur profit & take defense actions .
2 - manual fund will use this support strongly to add positions to reach 1.2612 at least .
3 - May be we face a Hammer candlestick @ the end of first day caus…
Mutual & Hedge Fund had bought EUR/USD ( Long Positions ) in 23/10 @ 1.2648 ,and this position still opened , After Hammer candlestick ( 30/10 ) this Matual Fund had added new positions ( long ) @ 1.2612 & price now @ major support @ 1.2498
SO THAT :
1 - If u have short position , u should protect ur profit & take defense actions .
2 - manual fund will use this support strongly to add positions to reach 1.2612 at least .
3 - May be we face a Hammer candlestick @ the end of first day caus…