Have a look at Apple’s stock
To trade the market sentiment in relation to the US-China trade war, you can bet on the stock of Apple.
USD/JPY: potential harmonic pattern
Trade idea
SELL 107.40; TP 107.05; SL 107.55
USD/JPY is forming on the H1 what looks like a bearish “Butterfly” pattern. The pattern will allow the pair to rise to the 107.50/60 area (limited by the 100-day MA and 100-period MA on the H4). There’s also an obstacle in the form of the 200-period MA on the H4 at 107.40. After the advance to the mentioned levels, the pattern should trigger a decline to the 107.05/00 zone. Trading the pattern should involve some on-the-spot decision making: if you see the signs of reversal near 107.60, you can sell there. If the pair gets above 107.40 and then returns below it, it will mean that the upside is over and a short-term decline has started, so once again you will be able to open a short position. The rise above 107.70 is needed to open the way up to 108.00/50.
Elizabeth Belugina
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CAD/JPY has risen to 82.50 but met the resistance of the 50-day MA. The price action resembles a "Butterfly pattern". Learn more!
CHF/JPY reached long-term resistance
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Latest news
Have a look at Apple’s stock
To trade the market sentiment in relation to the US-China trade war, you can bet on the stock of Apple.
CAD/JPY: there may be a pattern
CAD/JPY has risen to 82.50 but met the resistance of the 50-day MA. The price action resembles a "Butterfly pattern". Learn more!
CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
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