Smoked 'em good boys' n girls. Wicked that top down trendline PERFECTLY. (See previous charts, drew it like 2 weeks ago). It was only a matter of time before they had to reset all the indicators and I think I was only a day or less off. Bears need to take out the 3-bar pattern (pretty much taken it out) and more importantly 110.6xxx. Bulls need to stay away...
Hello Traders, Price is forming a reversal pattern and we have macd divergence but not so strong, look for sell as much high as you can. First target in the pattern at the bottom trend line. Good Luck! Cheers, Jonas
All there. JXY strength, dollar weakness. Gold up to new record highs, pushing the Yen down.
Guideline of Equality, in which wave 1 is equal to wave 5. Although Wave 5 of 5 could fail to make a new high, so correction might come sooner. Load up in Gold and yen. Short USD. Short idea for USDJPY linked.
It would seem as we are about to complete the 5th wave of a 5 wave structure on the S&P500. Given that we could state we are in wave 4 of wave 5, we could expect a wave 5 of 5. This could be finished at the confluence area of the 1.27 and 1 fibonacci in 2493 - 2527. Wave 5 of 5 could also fail to make a new high and go short way before. In conclusion, it could...
I'm not sure whether USDJPY will be kind enough to give us this entry chance around 108.5's, but if we get that chance, on bearish confirmation initiate shorts in USDJPY and ride all the way down to 107's zone by trailing ur stops carefully. As whole world knows this there may be occasional spikes to upside to hunt stops, so trialing stops plays the vital...
A bit of a gamble to be honest, but there's enough evidence from this year to support a gap down this weekend. I labeled all the previous gaps this year and why I think they happened. I've put a very small position on a short gap down since I believe our support from this week's trend down is around 112.450. If it pays off, I'm closing it as soon as market opens...
Looking to short USDJPY! seems like its going to fall.
USDJPY SELL SETUP Trade If Break 115.200 then confirm trade Sell and Go to for Hit Two traget
Usdjpy Trading around 110.85 level it can drop from current level or from 111.6 its monthly high and double top seems around 112 level So advice sell usdjpy 110.82 and 111.6 sl 112.3 TP 109
sell @ 103.414 nice resistance (previous lows) around X if we look left on the 4H chart sorry the C point should of course be at 100.085 but it's just a visual detail :)
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USDJPY: 1. Price action immediately following BOJ this september was more than erratic but at the same time showed some consistency for those of you who can remember back to Julys performance - we moved instantly lower on the decision to 101 flat, before ripping 180pips higher to 102.8 to then lose most of the bids and trade back to the 101 base. 2. The BOJ...
USDJPY: 1. Price action immediately following BOJ this september was more than erratic but at the same time showed some consistency for those of you who can remember back to Julys performance - we moved instantly lower on the decision to 101 flat, before ripping 180pips higher to 102.8 to then lose most of the bids and trade back to the 101 base. 2. The BOJ...
Fed Funds Rallied up from 18% to 33% on the day with Fed rosengrens hawkish comments the only likely impetus. Imo DXY here at 95 mid has an easy 50bps of topside left in it if rates can hold here at 33%, UST also seen higher across the board with the bench mark 10y yield breaking pre-brexit levels. Long DXY, and shorting $yen on rallies is the way I intend on...
$Yen - There is little impetus for this pair this week, with this recent rally likely part of the NFP report flushing out. - Nonetheless from here I maintain my bearish bias given the BOJ and JPN govts massive let downs I think USDJPY topside will struggle and we will move through 100 once the risk-off tone returns (which is likely once the equities rally/...