chartwatchers

UsdJpy - Above the trendline

Short
chartwatchers Aggiornato   
FX:USDJPY   Dollaro / Yen giapponese
This call is mostly based on the EurUsd call. We printed a bearish pinbar today.
I think the dollar will weaken in the next few days so UJ needs to drop.
MACD is crossing over ahead of the TSI . We might just test back the 200 EMA or maybe testing back the 108-109 zone.
111 and 108-109 levels will be important for the gold rally also.

We've broken above the intermediate trendline but UJ cannot use the opportunity to rally higher.
Trade chiuso manualmente:
112.137
Commento:
Commento:
Don't like the price action. Every drop is bought.
Seems like a trend line crawling which can break to the upside.
Commento:
Start to look like a flag. Even if it wants to go lwer first most probably will break to the upside...
Just like at the first tag of the trendline...
Commento:
First trend line tag : 2016 December. ( there was a flag too)

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