Hello traders. EURJPY has been consolidating this whole week. We have finally gotten a breakout, but we need more confirmation before entering into the market. What we want to be careful about right now is avoiding a false breakout. So, following the bullish candle from Friday, let us see if this week we will see some follow through. Learn more at www.deslfx.com...
Let’s talk a bit about USD. December job report has been strong with the US economy adding the most jobs since February. However, an increase in average hourly earnings won’t be enough to keep the dollar strong this year. Yes, over the short-term, we will see a rally in USD, but over a long-term dollar will dive. We expect 2 rate hikes this year. In recent...
Every day I am going live Pre London to go through my charts. Please hit like / follow if you are keen to hear more.
If price continues to hover in my favoured 4H zone, I'm looking to short early next week.
Watch video to get explanation as to why I believe market is headed down further. First video demonstration so need some getting used to. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and...
Looking at the correlation between EURUSD and EURJPY
EURJPY in supply zone with falling wedge as confluence.
Watch price action near mentioned levels
This is only forecast. Entries should be done after we get price action confirmation
Always wait for price action confirmation
Here is my top-down analysis for EURJPY and the short bias I have for the rest of this week! Like always leave your thoughts and questions somewhere or contact me. I always love to get better at trading and knowing that this is helping someone so LOVE YOU ALL and have a smart and strategic trading week... Contact me at: -Instagram: @krystianstreit -Facebook:...
Top-Down analysis based off of a few key strategies and theories. Structure... Fibonacci... Trendlines... Liquidity Zones... Candlestick Patterns...
Okay so I have the week mapped out, in Simply- DXY stronger, Yen stronger, Metals down and this week will prove my trade ideas and Directions of markets.
This market is beginning to feel directional.
Some of what I was expecting is playing out which is great. The Euro is stronger than other currencies and the DXY is on its next move higher.
Long video, potential ides for this move in the dollar and yen pairs
Limit order was triggered and my position was closed out. Great trade!
Euro Forex Thoughts Going Into Next Week