The last month of February I have been struggling with setups. the market was very choppy for me, and I was unable to find quality setups that I could trade. within the last few weeks there has been news of a lot of global turmoil and sentiment is unsettling with tensions between Russia and Ukraine. I seems like people are starting to Panick and trying to put...
USDJPY, has made a massive bearish move, as you can see i have a buy entry in because i am playing off the break of structure on the 15min, it shows promise with a tight stop, im looking to go into tomorrow with a bullish bias. seeing as the break of structure is effecting the 1hour timeframe, I see potential in it showing a lot of promise in breaking towards the...
USDJPY likes to mess with me. last week I had a bullish bias and USDJPY seemed to go against everything I personally analyzed. Price action dropped and pulled back to the major consolidation below it. Re-analyzing the market this week, I was able to get into a short position with the downtrend that the 1 hour and 4-hour timeframes proved to created. This netted my...
Anyone use the DXY for intermarket correlation? if so, is it useful? I'm fairly new to using intermarket correlation and I have been recommended to use EURCAD to form my analysis and biases in terms of correlations. However, lately I have been seeing a lot of traders use the DXY specifically to help with trading major pairs mainly EURUSD. If there is anyone that...
My previous analysis on USDJPY proved to be what looks like a major retracement in the massive upswing that the pair has been moving in accordance with. I am currently watching the 4hr timeframe as that is the timeframe where i think currently price action is the most important to where USDJPY will head to in the future. With a massive corrective pullback on the...
Going into next week, USDJPY has been looking very strong on the bullish trend, the last couple months have proved to show bullish strength in the market. (DISCLAIMER: this is based PURELY on price and what the market is doing and has been doing this does not account for any upcoming news events potentially effecting price) Based on psychological levels, USDJPY...
