Hello Traders! This is my idea related to AUDJPY M30. At the moment, the AJ reacted from the FIB level, and most probably, it will retrace till the price of 96.900. I will look for a short entry in case of confirmation. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the...
Hello Traders! This is my idea related to NZDJPY M30. I expect to see a bullish move until the price of 91.600. The JPY Basket is still bearish and I consider this argument an opportunity to look for a long entry on NZDJPY. Mos probable the price will hit the OB level. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this...
CHFJPY have been on an uptrend for a long while, after breaking the resistance zone, price is expected to retest to the support zone and continue it's upward trend, also notice our 50EMA situated at that point ready for retest.
Hello Traders! - SHORT TRADE EXECUTION - This is my idea related to NZDJPY M30. I see that the trend is going bearish, and I expect that the PDL or BOSS will be taken. My target is the OB level at M30 tf. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Hello Traders! This is my idea related to AudJpy M30. I expect a bearish move on Monday, and I will look for a short trade entry if confirmed. As an objective, I want to see a move until the BOSS level. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Hello guys, so here's how I'm watching USDJPY for buy opportunities. Bear in mind that this is a top down analysis and we will be doing a lot more refinement on the LTF. But as far as directional bias goes, we are bullish on Higher timeframe.
The Yen and thus, the Bank of Japan, is in a rather precarious position. (Then again, when was the last time they weren't - in a precarious position?? ... .) Admittedly, our Japanese is somewhat rusty lately but nowhere in the monetary manual did we find where it says: "Lending rates must be fixed at <0% or >10%, at all times!" So, when the BoJ hangs it's hat...
While I am not a die-hard fan of FXCM's Yen Basket (much prefer NAFTA + Japan vs. "the World"), this index/basket is clearly working on an turn here. It is still relatively week but has likely put the worst behind it. Now, it is all about acceleration which, judging from past behavior, ought to gain significant momentum. Again, I'd suggest to use this "basket" as...
Hello Fellow Global Forex Trader, Here's a Technical outlook for USDJPY! Price Action Analysis 1. On the H4 Timeframe, USDJPY is moving above the bullish trendline and EMA200 after creating a rebound on the support area 2. USDJPY made a descending broadening wedge pattern two times 3. The recent breakout of the pattern could indicate a possible bullish bias...
Based on my analysis, I anticipate that the JPYBasket will react in some way when it reaches the 7804-7828 zone. There could be a variety of reasons for this, such as technical levels, market sentiment, or fundamental factors. In any case, rather than acting impulsively, I have decided to exercise patience and observe the market until a clear opportunity presents...
JPYBASKET appears to be in nees trend continuation which lead to big impulse coming soon . Be safe
These are levels that I'll be keeping an eye on when dealing with JPYBASKET, and I'll revise as price action progresses. I adapt to the change in money flow.
Hello Fellow Global Forex Trader, Here's a Technical outlook for CADJPY! Price Action Analysis On the Daily Timeframe, CADJPY is moving below EMA200. Then, the Pair retested the previous neckline of the double-top and formed a rising wedge pattern, indicating a possible downside movement. The MACD Indicator made a death cross, signifying a potential downside...
Seems Like Preparing For Bearish Impulse Formed Rising Wedge In h4 Timeframe Incase Of breakout expecting 280 to 300 pips Bearish Move
seems like getting ready for bearish move formed rising wedge in h4 timeframe while rsi printed bearish divergence incase of breakout expecting 300 to 320 pips bearish move
JPYBASKET move in correction wave may be complete impulse wave
yesterday red candle was not only a retest to a broken bearish channel upper line, but also head and shoulder neckline. in addition to these two confluence we should be aware that JPY index suffers a lot through past month during rate hike cycle of central banks and fall massively like never before. But now that we have some confluences that we are close to end...
Price is currently at a discount and approaching a 1H bullish orderblock. I would like to see those Equal Lows taken and for the Bullish orderblock to be traded into, before an expansion to the upside. The Low resistance liquidity would be my first initial target. Once price has filled my order, I would shout pairs XXX/JPY pairs after some displacement.