CHFJPY could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 164.259 which is a pullback support that aligns with the 78.6% Fibonacci projection level. Stop loss is at 163.800 which is a support level that aligns under a confluence of Fibonacci levels i.e. the -27.2% expansion and the 100.0% projection...
NZDJPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 87.138 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 86.771 which is a pullback support that aligns under the 61.8% Fibonacci retracement level. Take profit is between 87.650 and 87.792...
The Japan yen continues to display its weakness, hitting a 10-month low against the US dollar. It's time to seize this golden opportunity and consider going long on USD/JPY! The recent trend in the currency markets has shown a remarkable decline in the value of the Japan yen. As traders, we know that such fluctuations can present us with incredible prospects to...
Price action analysis for USDJPY. Important key levels. Potential scenarios ahead of FOMC. Your trading plan explained. ❤️Please, support this video with like and comment!❤️
Another falling wedge? Looks jumpy. I just opened a long position, yen pairs are getting stronger across the board, I like this one right now because it hasn't pooped yet. SL when daily candle closes, don't trigger it until it closes due volatility.
Hello traders, This might be the Elliot 5th wave! It's just a guess! If you are a Wave trader would you please share your idea with us? You can also find bearish divergences, but I think regarding the RtoR this the trade \does worth the risk.
Hello traders, There is one entry and 2 TPs for this pair. There is also an alternative short scenario which will be publish if it's goin to be valid. Levels calculated order_block, regarding support and resistances, channel and pivot points.
I'm expecting continued Aussie strength as the market expects China recovery is in progress. BoJ interest rate and minutes will be big news on Friday, but before then I expect to see a continuation up within the current rising channel, breaking and retest initial support around 95.6 to rise to test the 96.6 support. We're heading into very choppy waters now, and...
The asset in question is currently adhering to a prevailing downtrend, exhibiting a prolonged phase of consolidation. Notably, it has recently dipped below the support level observed in the previous two weeks, located at the 184 area. In the upcoming sessions, our strategy revolves around the potential for a price rebound, targeting the 180.4 threshold as a...
The Aussie Yen made an attempt to breach the key resistance levels of 94.93 and 95.05. It successfully surpassed these levels during trading on Friday, but encountered resistance, preventing further upward movement. In this week, my strategy entails vigilant monitoring of the 95.05 zone, with the intention of executing a trade aimed at returning to the established...
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
AUDJPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 94.937 which is a pullback resistance that aligns close to the 127.2% Fibonacci extension level. Stop loss is at 95.550 which is a level that sits above the 161.8% Fibonacci extension level. Take profit is at 93.748 which is a pullback...
Last week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart. The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests...
Have you heard the exciting news? A golden opportunity has emerged in the world of trading, where gold enthusiasts can now reap double returns by exploring the potential of the Japanese yen against the US dollar. Brace yourselves, as we delve into this thrilling venture that promises to elevate your trading game to new heights! Unleashing the Power of...
USD/JPY has been consolidating in a narrow range of 145-147 for the past three weeks. The pair is demonstrating an accumulation and should breakout soon. The reversal zone is a big potential, at least for 100 pips. The hurdle for raising rates this month is higher, implying the possibility for US Dollar falls. Next stronger reversal zone possibility is at around...
A huge gap in USD/JPY has appeared to start the week after comments from Bank of Japan Governor Kazuo Ueda about a possible end to its negative interest rate policy (NIRP). In a Saturday Yomiuri newspaper interview, Governor Ueda mentioned that by the end of the year, the BOJ could accumulate enough data to assess whether the conditions are present to raise...
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...