I think the price may be adjusted down before rising again There are some signs of this
On daily chart: - Gartley pattern appears - Triple divergence of Stoch - Shooting star at the resistance. However, this is a weak candle
On H4 chart:
We'll see.
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I sold as soon as the price just broke the wedge However, I noticed that buying power is still very strong With 50/50 chances like this, you need to be safe Return on capital : 0%
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Price is in corrective wave I Currently have no position this pair
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Simple chart by price action analysis methods On daily chart: -Morning star appears -If the pattern is correct then the target is at least 116
On H4 chart:
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Stopping buyings position when the throwback price The pattern does not work
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Can be buy buying position again The price was broken the channel
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Although there is a nice set up but I cancel pending buying order Looking to the other XXX/JPY pairs and Gold, I don't feel really okay
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