AUDJPY is on a 1-2-3 pattern like the one in July, currently on the 3rd led down.
This is basically resembling Descending Triangle pattern. One last bearish leg to give before it breaks upwards.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 94.000 (Support A).
Tips:
1. The RSI (1d) patterns between the two sequences are also similar both inside...
The GBPJPY pair gave us a nice low risk sell trade last time we looked at it (see chart below):
This time it gives an even stronger one as it is on the 1W time-frame in the midst of a Head and Shoulders (H&S) formation. That is a bearish pattern calling for a a test of Support at 176.500. Most likely by the time of the test, the 1W MA50 (blue trend-line) will...
EURJPY reached a key horizontal resistance and formed a double top on that
on a 4H time frame.
Its neckline breakout is an important sign of strength of the sellers.
I expect a retracement to 157.2 support.
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The USDJPY pair hit our early September target (see chart below) of 150.00, extending the bullish trend within the long-term Channel Up:
The price remains above the 1D MA50 (blue trend-line) since July 31 and the bullish flag formed on the 1D RSI indicates that we will have another short-term bullish leg towards the top (Higher Highs trend-line) of the...
🏃♂️NZDJPY is moving near the Important Resistance line and the Resistance line and inside the 🟡 Price Reversal Zone(PRZ) 🟡.
💡We can consider the formation of the 🌠Shooting Star Candlestick Pattern🌠 in 🟡 Price Reversal Zone(PRZ) 🟡as a sign of a return.
🔔I expect NZDJPY to return to the 🔴 Resistance zone 🔴 and Uptrend line in the coming hours.
New...
✅NZD_JPY is trading in an
Uptrend along the rising
Support line and the pair went
Down to retest it so I think that
We will see further growth soon
LONG🚀
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Hello,Traders!
CAD-JPY broke the key
Horizontal level of 109.360
Then retested is and is now
Going up again so I am
Bullish biased and I think
That we will see a move up
Buy!
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In comparison to USDJPY, EURJPY looks bearish to me,
After a test of a significant daily resistance,
the price formed a head and shoulders pattern on that and broke its neckline.
We see its retest now.
Probabilities will be high that the market will drop.
Goal - 156.7
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USDJPY is taking off from a solid horizontal support.
After the test of the underlined blue area, the price formed a doji candle on that
and then we see a huge imbalance.
I expect a bullish movement at least to 149.78
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XAUJPY after sharply rising from the long term Lead-In trend line and Horizontal Support Level, is now currently testing the supply line of a local Right-Angled and Ascending Broadening Formation it has developed at the highs and seems to have completed an RSI BAMM and is now looking to do an impulsive move down. If the impulsive move down is great enough, we will...
After a test of a significant daily structure resistance,
EURJPY retraced and formed a head and shoulders pattern on a 4H time frame.
Before the market closed, the price violated its neckline and closed below that.
It is an important sign of strength of the sellers.
The pair may keep falling now to 156.7 support level.
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CHFJPY is trading inside a Channel Up, which made on October 3rd the latest Higher Lon on the 1day MA100.
The price is already near Resistance A (166.550) and the 1day RSI bullish above the 60.00 level.
Buy and target 172.000 (less than the previous -9.60% rise).
Previous chart:
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The AUDJPY pair is testing the 1day MA50 today having formed Lower Highs since the June 19th peak.
If the 1day MA50 breaks, the MA200 should be put up for testing but it is more likely to test the July 28th Low as the same weak pattern did in 2022.
Sell and target 92.000 (over the 0.5 Fibonacci level).
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Take a look at GBPJPY.
I see strong signs of a bullish reversal on a daily time frame:
the price formed a huge inverted head and shoulders pattern,
a neckline of the pattern and a resistance line of an expanding wedge pattern
were successfully broken.
I anticipate a growth now.
Goals: 185.4 / 186.5
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✅NZD_JPY is trading in an
Uptrend long the rising
Support and the pair broke
The key horizontal level
Of 89.600 too which reinforces
Our bullish bias and I think that
We will see a further move up
LONG🚀
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After a test of a solid horizontal resistance, GBPJPY dropped
and violated a support line of a rising parallel channel.
To me, it is a strong bearish signal.
I would expect a bearish continuation at least to 181.16 level.
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EURJPY is trading inside a Channel Up starting from the beggining of the year.
The MA100 (1d) gave the necessary Support last week at the bottom of the Channel UP.
Trading Plan:
1. Buy once the price closes over the Falling Resistance.
Targets:
1. 166.700 (+8.00% rise as per the bullish leg prior).
Tips:
1. The RSI (1d) hit Support (1) and rebounded. This...
✅NZD_JPY is trading in a
Massive rising wedge pattern
And the pair is now going up
To retest the rising resistance
Of the wedge from where
I think that we will see a
Pullback and a move down
To retest the rising support below
SHORT🔥
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