the pair go back from fibo 23 to down way
stochastic refers to down way also
so the target is sell the pair to fibo 0
if the pair broke fibo 23 to up way we will cancel the down view
http://www12.0zz0.com/2013/10/08/20/411221908.png
Printable View
the pair go back from fibo 23 to down way
stochastic refers to down way also
so the target is sell the pair to fibo 0
if the pair broke fibo 23 to up way we will cancel the down view
http://www12.0zz0.com/2013/10/08/20/411221908.png
My analysist for usdjpy today,09 october 2013 using open price market at 00.00 broker time strategy.
This analysist is using the open market price and using dolly graphic indicator.
With this indicator, we place trapping buy stop and sell stop
pending order today
buy stop 97.07 tp 97.27 sl 96.47
sell stop 96.67 tp 96.47 sl 97.27
may pip always with us
Price is approaching very crucial support which is lying at 96.30 and if this is broken we will be going down towards 93.90 area the low of the swing and I expect there is 50 50 chance of break here or if you like to wait then tomorrow will be the day for the pair a break above 97.74 and then 98.84 will confirm the support hold but atleast it could test the area But only time will so be patience time will come
regards
check the chart
http://i1292.photobucket.com/albums/...psb26e59f8.png
the pair trade down the down trend in 4h chart
stochastic refers to down way
moving confirm the down view
so the pair will continue to down way
http://www13.0zz0.com/2013/10/08/23/980730163.png
Daily Fibonacci calculation is only as information to you. This is not a reference or guideline for trade. if there is an error apologize in advance.
Date = 2013.10.09
Pair = USDJPY
R3 = 96.21
R2 = 96.47
R1 = 96.63
P = 96.89
S1 = 97.15
S2 = 97.31
S3 = 97.57
Of observations by the method of technical analysis I have seen of the currency pairs Usd/Jpy and indicators that I use is the Bollinger Bands and fibbo on market time at 05:36.
It is seen that the position of the forex market are on point 97.29 and there is support and resistance on the
- R3 : 97.48
- R2 : 97.36
- R1 : 96.81
- Pivots : 96.69
- S1 : 96.14
- S2 : 96.02
- S3 : 95.47
besides Stochastic indicator shows the position of point 80 so that then I highly recommend you to open position SELL with
Take Profit is equal to 97.09 as well as Stop Loss at point 97.49
so that the target pips for today I think is at 50 pips
the H1 time frame at 05:53 market watch is charts on currency pairs usd/jpy is showing that
yesterday high at 97.25 and yesterday low at 96.58
such as the support resistance on
R3 = 97.49
R2 = 97.37
R1 = 96.82
Pivots = 96.70
S1 = 96.15
S2 = 96.03
S3 = 95.48
and signal ADX is trend up and signal RSI is overbought with today's market position is at point 97.29
then I strongly recomended you to the open position SELL
consideration for stop loss at 97.54 and take profit at 97.04 Good luck all
analysis for today 10 / 9 / 2013
My daily trading,I hope the day is a success ...
USD/JPY (Daily Trade)
Resistance : R1 97.57 R2 97.82 R3 98.02 R4 98.32
Support : S1 96.58 S2 96.33 S3 96.13 S4 95.83
Open : 96.86
High : 97.33
Low : 96.82
Range : 51 Pips
Running Price : 97.27
For intraday trade today suggest BUY at the level 97.27 stop loss at the level 96.58 target take profit at the level 98.02 or at the level 98.32
On pairs UsdJpy has my analysis on the current market position at point 97.28 and timeframes H1.
I use indicator Stochastic then it will be the value at point 85 so that more directed at the SELL
if data from calculation from Yesterday High of 97.23 and Yesterday Low of 96.56 then pivot on 96.68
so I recommend you to SELL to take profit on 96.98 and stop loss at 97.58. Good luck and hopefully profit.
USDJPY pivot broke this morning and is now testing resistance level1, if R1 breaks then the pair may continue strengthening to 97.55 level but if it fails the potential fall back to the pivot levels will occur.Spoiler: