Hello everyone, I want share my idea about JPYX. JPYX is in strong bear trend but this week it stop moving down and start consolidating, but its still in down trend, its stopped little time, but at the moment its stay on support LVL, which in my opinion its weak for catch price on that LVL. On chart I am showing you the 2 possible scene what possible will...
The price is extremely bullish in all major time frames. If we look at the non-commercial's positions, we can see that short are aggressively increasing in JPY. Meaning JPY is getting weaker. Monthly: The price is in the retracement phase. If you take the fib form low to high of the retracement, .5 fib level is in confluence with important structure that the...
Backtested this idea asia session. Im looking to the left noticing the imbalance in price structure. Price shot high with no retrace in price. The take profits labeled are consider gaps in price where key levels are observed as fair value gaps .
USDJPY SHORT 06/14/2023 Price rejected the close for the daily candle. Aiming for the market equilibriu which is at 139.793 Which align at the previous day Value Area Low. So there is a high chance of retesting that level.
Our technical analysis of NZDJPY is still in play. The pair has been in a downtrend for the past few months and has recently reached a Supply Zone (SZ) at 86.60 on the 15-hour chart. This SZ suggests that there is strong selling pressure at this level, and it is likely that the pair will continue to decline. The next resistance level is at 86.80, and if this level...
SSO2 @ 86.15 📉 SSO1 @ 85.15 📉 TP1 @ 84.35 (shaving 25%) TP2 @ 83.66 (shaving 50%) TP3 @ 82.33 (closing ALL Sell Orders) BLO1 @ 82.00 BLO2 @ 81.25 -SL @ 80.85 🚫
USDJPY SHORT 06/13/2023 Price is currently below supply zone. Huge support level that market msy want to retest at 139.656. Aiming for that market equilibrium 139.656
Hello Traders We have detected a triangle correction for USD/JPY. so we stay bullish on this pair and expect some upward moves in the next few days. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are...
JPY is in a technical correction and is reaching local support at 139.9. I think this FOMC meeting officials will skip the rate hike and project hawkish sentiment for the next meeting. Some other reasons for dollar strength have also subsided. A lot of this trade is dependent on the idea, that US inflation is going to be flat or lower then expected. This will...
Hey Traders! 👋 For Day 28/100 of our challenge, we will look at CADJPY for upside potential this week/month Technicals: - Stuck in bullish range 104.8-103.6 - Mostly a fundamental-driven trade - Engage in longs only when support above 104.8 is formed Fundamentals: - BoC surprise hike; regains status as hawkish CB - BoJ meeting this week not expecting any shift...
USDJPY SHORT 06/12/2023 Price currently above the supply zone still waiting for a enter confirmation. Hoping to enter short at 139.689. Targeting the market equilibrium at 139.420. High chance of price going down as market equilibrium aligns with VAL of previous day and monthly supply zone.
NZDJPY - 24h expiry Previous support located at 85.25. Previous resistance located at 85.50. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 85.50 will confirm the bullish momentum. We look to Buy at 85.00 (stop at 84.60) Our profit targets will be 86.00 and 86.20 Resistance: 85.50 / 86.00 /...
Here is my detailed structure analysis for USDJPY. Horizontal Key Levels. Resistance 1: 140.63 - 140.93 area Resistance 2: 142.06 - 142.46 area Support 1: 138.48 - 138.80 area Support 2: 137.38 - 137.95 area Support 3: 135.20 - 135.49 area Support 4: 132.95 - 134.27 area Vertical Key Levels. Vertical Resistance 1: Rising trend line Vertical Support 1:...
EURJPY H1 Excuse the Heikin Ashi candles, my usual candles aren't seeming to want to load up for some odd reason. Anyway, we still have this 150.000 psychological number in tact, whilst the likes of GBPJPY looks to want to climb higher... The EURJPY seems to be at a bit of a halt here at 150.000. With the exceptions of a few fake-outs upside.
SSO @ 85.15 ⏳ TP1 @ 83.66 (shaving 50%) TP2 @ 82.33 (closing ALL Buy Orders) BLO1 @ 82.00 ⏳ BLO2 @ 81.25 ⏳ ⚠️ This is a Counter-Trend Trade (CTT). Your position size should be 2% or less, with a Stop Loss at 2% or less — or whatever fits your trading strategy.
Hey Traders! 👋 For Day 27/100 of our challenge, we will look at GBPJPY for upside potential this week/month Technicals: - Overall uptrend - Breaking into a new high - Currently in impulse phase - Expecting pullback towards 174.0/5 - Targeting daily key level 176 - Idea invalid if 172.6 breaks Other technicals: - Seasonality forecasts more upside this month -...
SLO @ 88.50 TP1 @ 82.85 (shaving 25%) TP2 @ 78.00 (shaving 25%) TP3 @ 74.50 (shaving 25%) TP4 @ 69.00 (closing ALL Sell Orders)
This is my prediction for NZD JPY, in the short term I'm waiting for a pullback then I expect the price to jump. Let's see how the market reacts in the upcoming days. Trade carefully! Remember: Take some profits if the trade is going as planned and manage your trade.