While market sentiment is bearish I'm not bearish at the moment! If you have open long position it's good idea to close some of it. If don't a very low-risk short option could be an option for those who believe confirmation in LTF could do a miracle! If you prefer more suitable place to enter the market, just like me, wait for a breakout upper of 145.000 or...
Here is my latest structure analysis for GBPJPY. Resistance 1: 183.77 - 184.25 area Support 1: 181.10 - 181.30 area Support 2: 180.44 - 180.71 area Support 3: 176.30 - 177.05 area The market is currently approaching the Resistance 1 based on the year's high. Its bullish breakout - daily candle close above will push the prices much higher. Alternatively, a...
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...
The Yen's struggle against the US Dollar persists this week, as the USDJPY settles above 143.00 and reaches a new high for the third consecutive day. After some sideways trading, traders are now resuming a bullish push aimed at reaching the recent high of 143.9000, followed by potential targets at 144.00 and 145.050. Last week, the Bank of Japan (BoJ) surprised...
Here is my latest structure analysis for USDJPY. Horizontal Key Levels Resistance 1: 143.90 - 144.35 area Resistance 2: 144.80 - 144.05 area Support 1: 141.50 - 141.80 area Support 2: 137.25 - 138.05 area Vertical Key Levels Vertical Support 1: Rising trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with...
In my recent ideas I’ve noted JPY strength resuming and this is evident in the performance last week, and we can see this when looking at the JPYWCU chart which is like DXY for the Yen. We can see what could be a higher low forming and a fourth retest of the resistance around 0.005350 which could break. We’ve seen out-performance of the Yen against many...
FX_IDC:USDCNY Price is at a tough spot and I should wait to make a guess. Price could break out of the triangle and retest the resistance zone(I didn't mark it but it will be the last high)before it shoots up -OR it will come back down to the daily support and continue in the range. All I can say for now is that I'm watching to see if a "death cross" will form...
The combination of several reasons mentioned in the chart can be a good reason for the strength of the 95,000 range. If the bears have enough strength to break below 91.800, the chances of a return from 95.00 will be higher. Don't forget to check the news and risk and capital management
Sunday Session We watched from last week that the market has played out in such a way that NFP was a needed element to the movement. We saw the double sword of the results of NFP, one because they was too much excitement but also because the actual to the predicted varied very much. We are bullish in our forecast and that won't change anytime soon unless we get...
The recent decline in the value of the Japanese yen against the US dollar was halted at around 142.5 to the dollar as investors continued to assess the impact of the Bank of Japan's policy adjustment after it loosened its grip on interest rates and allowed the yield on 10-year Japanese government bonds to climb above the upper limit of 0.5%. Recently, the Bank of...
Fundamentally seeing really weak EUR this week, and JPY getting stronger. We've just seen a break of the rising trendline and retest at the end of the week. This is going down, 1:4 RR
After Setup for Long and has taken profit 200 pips. I am backing with 1 Setup for Short with Entry at 183.0x This setup is based on the SMC method and structure H4/D1 that I am using most of the time with previous ideas on Tradingview. My ideas trading are usually simple and straightforward I will update this Setup regularly Let's comment/like if you agree or...
Central banks packed quite a punch last week. Unlike the Federal Reserve and the European Central Bank that raised policy rates by 25Bps, as was widely anticipated, the Bank of Japan (BOJ) on July 28 unexpectedly decided to tweak the Yield Curve Control (YCC) band. The BOJ begins its withdrawal from YCC It will now allow some deviation above the long-term rate...
Hello, traders. The support and resistance area of 139 may soon be approached by the USDJPY, which is now in a correction phase. The trend is currently upward. Throughout this and the following trading week, we'll be keeping an eye on USDJPY in case a buying chance presents itself close to the 139 zone.
USDJPY broke and closed above a key daily structure resistance. Taking into consideration, that the pair is trading in a bullish trend, that is an important bullish signal. The pair will most likely keep growing to the local highs around 144.75 ❤️Please, support my work with like, thank you!❤️
NOTE: Selling opportunities are much more riskier. We're keeping the pair under watch to buy around 179.800 and the much more riskier setup is watching to sell around 183.500 We take less risk for shorting scenario.
USDJPY is trading in a bullish trend. The price recently started a correctional movement and dropped to a major rising trend line. A big double bottom was formed on that. To buy the market with a confirmation, wait for a bullish breakout of its horizontal neckline. IF the market breaks and closes above 142.0 level, I will expect a bullish continuation at least...