After forming the temporary top, USDJPY has retraced quite a bit. Both the exponential moving averages are diverging and there is a possibility that it might go further for a deeper correction. For the last few days it has been consolidating in a range. Looking at the downward momentum, it seems there is possibility of breaking the consolidation zone 101.76 towards downside…Continue
It has shown a pin bar from a very important support zone, 96, showing the rejection.
There is a possibility that the up move might continue for a short while, but this might be zigzag in nature. The first target is around 100 zone and the next around 103, if it can continue the upward move.…Continue
I've been trying to learn forex and earn some money for years now and not being successful. Tried different strategy (inter and intra-day etc. etc.) but there is no magic formula where the sucess rate is high. I've also followed Brian's mathematical analysis with great interest. But it seems to me that nothing works CONSISTENTLY in this market.
I also do not believe (although I could not master that) this is something that could not be acquired. To all the gurus and…Continue