According to the principles of technical analysis, whenever the trend line is broken, it is possible to change the trend. Accordingly, the break of the support line and the trend in the USDJPY currency pair can cause the price to fall to 111.50.
eurusd has an interesting setup. price has a bigger range in play and at support created a higher low which tells us that price has high chances of reaching our high of the range. as long as price respects the higher low, price should reach our resistance.
this week w are mainly looking to trade the upper wick weekly wickfill again, same as last week.similar patterns produce similar results. however the sell from the high price rejected last week is a big trade to watch out for as i think it has a huge chance of fulfilling
last week price closed bullish with a long upper wick. since price closed bullish it gives us more confirmation that price might do a weekly wickfill meaning at this moment we are still in support of bullish trades more. as of today we are also looking for a daily wickfill as you can see both todays...