Cenotaph

Cenotaph Updated 

We're possibly getting some more retracement early coming trading week to make room for the up move. I'm expecting some long breakout trades after that retracement for the major yen pairs coming trading week.

Cenotaph Updated 

If this long term trend support breaks, short till about Pivot P monthly, be aware of the S1 weekly support (0.236 fib) for a bounce if any.

Cenotaph Updated 

On break of this short term trend support, sell the gap and TP around Pivot P weekly.

Cenotaph Updated 

At the moment chfjpy is at the 5th impulse wave and it's on major support Pivot P monthly. If there's a break of this trend resistance line (diagonal green) and the Pivot P weekly (resistance), enter this buy for a possible new high (beyond R1 weekly resistance). Be aware of the resistance levels for your TP

Cenotaph Updated 

Also for the audjpy just like my chfjpy setup, price is on major Pivot P monthly support. Buy on the break of S1 pivot resistance. The 0.236 fib provides resistance and a good exit for your TP

Cenotaph Updated 

Short setup looming, watch the trend resistance lines (green diagonal lines), it will retest the resistance level first before another move down is made. This short retracement is likely to continue till 0.5 fib. But i take profit before the first major support around S1 weekly

Cenotaph Updated 

EURUSD remains in a bull trend, it will retest resistance at 0.382 fib (R1 monthly) and break towards 0.5 fib (R2 monthly pivot)

Cenotaph Updated 

I have a bullish view for the yen pairs coming week, mainly because Wednesday and Thursday candles from last week are very bullish. The retracement on Friday is an expected correction. With such bullish sentiment, it's likely to continue moving up. I'll post trading idea's below when I see the market movements on Monday. Good trading all and let me know what you think!

Cenotaph Updated 

I'm keeping a neutral stance, but I do have some idea's for possible shorts that I'll be taking for AUDJPY and EURJPY. For AUDJPY we had a 0.618 retracement and you can see the slow down happening with more selling going on the last few days. If it breaks this trend line, take a short.

Cenotaph Updated 

Wait for the break of trend support and we might even get a break of S1 monthly pivot (?!)

Cenotaph Updated 

This week i'm looking for buy setups. These two are the first candidates. We've moved beyond the area of congestion. Now to wait for the move down towards support R1 weekly, and another up move should follow if it can break weekly R2 and monthly R1 resistance(!) Wait first to see if the market confirms this setup and it bounces off trend support R1 weekly. Good...

Cenotaph Updated 

This week looks like we can get some good short setups for all the major yen pairs, Watch for trend support breaks and take the shorts towards Pivot area. Good trading all!

Cenotaph Updated 

Price reject from long term channel resistance, if it breaks trend support again and pivot P, short till around S1 area. Aiming for 3:1 RRR. Good trading everyone for 2017 :)

Cenotaph Updated 

It's on strong support with a nice daily pinbar candle on top of it, buy when there's a clear break of the trend resistance as well.

Cenotaph Updated 

Across the board yen breaks are looming, get ready to short. There's div on the larger time frames and it's close to break trend support. NZDJPY is already on its way down. More to follow CADJPY, EURJPY, AUDJPY, CHFJPY

Cenotaph Updated 

Already broke trend support from the R2 monthly Take this short till monthly R1 at least where major support level is. Oil could push this up again around this level

Cenotaph Updated 

There's divergence on the higher time frames and strong resistance around the Monthly R2. If we get a break of the trend support, take this short.

Cenotaph Updated 

Up momentum isn't as strong at the moment, there are wider swings going up. Enter this short on break of the trend till the next support level. USDJPY theres a similar setup, see below