Will USDJPY break out the shrinking triangle? I’m waiting for the signal and preparing for building a swing trading position (either long or short).
Weekly and Monthly charts of GBPJPY are bullish. It’s now touching the daily trend line and horizontal support area and rebounding. It’s very good swing trading candidate.
A daily view:
A weekly view:
The gold is maintaining a bearish stance on the monthly chart, but it may find support around the $1000 area and a rebounce may happen but it could eventually touch a previous high and form a huge double top.
Some momentum swing trading stock picks – be cautious of the thin volume.
All analyses are based on weekly chart.
A short setup for swing trading: AMZN seems weak on the weekly chart, daily chart and intraday chart. The initial target is $170.