I am partly using this chart of the JPY in order to trade the pairs like NZDJPY, USDJPY, etc.
Again, the JPY index could resume a drop very soon or could go and rests the pivot above.
If it does so, we will have some nice drops on many JPY pairs.
I tend to believe that the JPY might go a bit lower before a reaction.
I am watching this carefully for a potential dump in the other pairs like GBPJPY or NZDJPY for example.
Sometimes the market tries to catch with early entries before on last push in the initial direction to trigger break out trades and trigger some stops as well. Then the real flush happens...
Despite sharp inflation, the Bank of Japan (BOJ) left YCC unchanged on March 10th. This was Haruhiko Kuroda’s last meeting as BOJ Governor. Japan is still struggling to stoke growth at risk of sustained stagflation. Hence, his decision to leave rates intact was no surprise.
Kuroda left the YCC unchanged. Analysts expected him to scrap the YCC so that the new...
In this video I provide another textbook chart example of what I call my ABC set-up on a 120 minute Australian dollar futures chart. I also give an explanation why trading the lagging correlated market as a trade set-up is a bad idea.
Spotted this before heading to bed. Looks like we got the first ABC wave, however it looks like this thing could set up one more time to the short side. Sorry for the vague explanation. Hopefully the chart clarifies the idea. Good night!
Hello Traders!
Yen Futures vs UJ & DXY
We can see a smash day buy setup has occurred on the monthly chart.
Did we have a false breakout and now markets are making a turning point!?
I suspect the dollar is getting weaker.
🎯 I will be looking for entries in the external liquidity levels as highlighted on the charts
🟩 Trading TIme
Setups must occur at these times otherwise I'm not interested.
🔵London Killzone - LOKZ 02:00-05:00 NY time // 08:00-11:00 EU time
🟢New York Killzone - NYKZ - 07:00-10:00 NY time // 14:00 - 17:00 EU time
🟧Entry Scheme
Never enter blindly on the...
🎯 I will be looking for entries in the external liquidity levels as highlighted on the charts
🟩 Trading TIme
Setups must occur at these times otherwise I'm not interested.
🔵London Killzone - LOKZ 02:00-05:00 NY time // 08:00-11:00 EU time
🟢New York Killzone - NYKZ - 07:00-10:00 NY time // 14:00 - 17:00 EU time
🟧Entry Scheme
Never enter blindly on the...
I am working on better understanding supply and demand, as well as analyzing trends across time frames. I have noticed a weakness of mine is missing the forest for the trees, for example finding a short opportunity but the longer term and even medium term trend is up.
HTF- downtrend
MTF- uptrend
LTF- downtrend to neutral
In this trade I was looking for a...
The end of an era
The global stock of bonds yielding sub-zero yields has been erased at the start of 2023, after peaking at US$18.4Trn in late 20201. The fight over inflation has caused central banks from the US, Europe, UK and across the world to exit their low to negative interest rate policy. Even the Bank of Japan – the world’s last dovish monetary authority-...
Japan are to revise statement with central bank to water down price target(source Reuters). If this is the case this is significant and i would expect the JPY to continue its trand up against the US dollar, taking out weekly and monthly highs and targeting the purple box which is the first area of confluence. This sits just below the 22Q3 high and the 50% retace...
