JPY/USD: It’s not often that a macro breakdown of this magnitude presents itself, but Dollar/Yen is providing the opportunity to monitor and learn from just such a breakdown in real time. One of the more interesting mysteries of the last two decades has been the durability of the JPY. · Years of extremely accommodative monetary policy, Negative Interest...
Usdjpy is pointing at a new opportunity to sell with this corrective pattern. This correction is one of the five types of corrective patterns that correct the completed cycle of the prevailing trend. Zigzags (5-3-5), Flats (3-3-5), Triangles (3-3-3-3-3), Double threes which are a combination of two corrective patterns previously mentioned. Then lastly a Triple...
Decided to publish this to show how I go about analyzing a market with contradicting signals
J61! The Japanese Yen is above the 20-day ema. the last time it was above it was on January 30. The money flow is currently downwards so we should watch for further consolidation on the 20D ema. Those are my levels, lower Purple (0.23 fib) is the old support. The new support is the 20 day-ema and upper purple line is the resistance. The green levels go from...
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Last week I published a small "idea" for a quick scalp on the CADJPY. I noticed an uptrend that I didnt expect to go past a...