Analysis:
Bearish Confluences
In a downwards trend
Retest of a key level
Fakeout of downwards trendline
1K long position increase for the JPY
12K short position decrease for the JPY
Bullish Confluences
NZD is the 5th strongest major currency whereas the JPY is the 8th strongest major currency
3K short position decrease for the NZD
Stay Safe -...
Analysis:
Bearish Confluence Factors
In a downwards trend
Break and retest of a previous area of support for resistance
Downwards trendline touch
Increase of 2K short positions for the AUD
Decrease of 12K short positions for the JPY
Bullish Confluence Factors
AUD is the 7th strongest major currency where as the JPY is the 8th strongest major...
Hello Traders,
In Today's trading session we will be monitoring EURJPY for a Selling opportunity in and around 137 area. Once we get a Bearish confirmation the trade will be executed and shared with our premium subscribers.
- RISK DISCLOSURE
TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS!...
Technical Analysis
We have continued to have a shallow retracement at the 23.6% level for months.
Price has attempted to break above the 1.18 and 1.27 extension to no avail.
I am anticipating a retracement atleast to the 38.2% fib level, wishful thinking but a retracement to the 61.8 would be even better.
I'm looking for a deeper retracement on this...
Price is at an important area in structure, price could either sell off or go back up. On LTF, there's a possibility that price can form a descending channel which could push price back up but its uncertain because price is forming an ascending channel on the LTF while retesting structure so price can possibly sell off to support. From HTF price possibly is...
Hello Guys, I hope you all are doing great.
Let's get to business! So GBPJPY...
I can see a potential long trade in a coming week. Currently JPY is strong
- There is market gap in the downside. I m aiming for it to be filled so we can see price move to the upside.
- 2 Entry I with the bigger SL and one sniper enter overall this trade I m risking 2%
- There is...
NZDJPY SHORT
Wait for certain conditions before a possible entry:
- Congestion
- Short Candle formations
- Fundamentals to continue being in favor for a short
News Outlook:
JPY
- "Japan's economy grew faster than estimated in Q4"
- "Japan's household spending rises 2.0% in January, up for second month"
NZD
- "NZ trade deficit hits $791m in Jan -...
Another entry to short GBPJPY. Last position was closed out at break even on the pullback - I'm expecting a continuation of the bearish trend after support of 15min is broken around 137.3.
