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Wednesday, 5 June 2013

USDJPY bounce for a Selling Opportunity

USDJPY

Been watching the pair and the USDJPY Bulls has been taking a battering by the bears  ranging between resistance 99.670 and 98.793 support.

 I am expecting further declines but waiting for a decent rally to sell into

Above 99.27 we may see this rally start to form testing 99.67 then if this is broken there could be further up side to challenge B @ 100.661 on the 06/06/2013 @ 1600 hrs tomorrow  Head shot!!!

We will check if price has broken through this level or failed so we can take the opportunity for further declines
alternatively: a break will call for a higher test of the weekly pivot Price  @ 101.097 then 2nd selling opportunity at 101.974 weekly resistance. 

Mr price should not pass this level if it does then plan has changed

Take another look as we scale down time frame can we see any more pattern we discussed in the Sniper  boot Camp


abc Break dowen possiable finishing at d
we have a bullish engulfing then a retracement into the bullish engulfing signalling a possible push up to various tragets.

Let see how time a price plays out

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