kayleighramesar

kayleighramesar

Fundamentals for the Yen are coming up. We have the Revised Industrial Production, and the tentative news on the BOJ policy rate, the BOJ Outlook report and Monetary Policy Statement. The last two would be high impacting news if they do go forward with it. Or when they do. Whether it happens tomorrow or not, it will happen eventually On the technical side of...

kayleighramesar Updated 

Let's take the chance. Trade idea on the 1H TF. Going short Sell stop for 40pip payout. values on the chart

kayleighramesar

Finally looks like we have the drop that it seemed most of us were anticipating. The market is currently below 114.00, which I believed would have been the point where the market turned. Granted, I expected the uptrend to last a little longer. But it makes sense. As I said before, the 1W resistance would be a stronger level to get past. And considering I haven't...

kayleighramesar

2 TFs here - 15min and 1H it's going for a sell in the 15min TF. next 5 mins, check the candle and see how far down it gets, and if you can get in on it on the 1H, I set a buy stop, with TP at the weekly resistance i pointed out earlier. keep an eye out. things may turn against the sentiment.

kayleighramesar

See that pink line up there? the one with the arrow pointing to it? that's a weekly resistance level. So stronger resistance will come from that. I think at that point we may start to see a sell. And if the market is stronger than that, well...

kayleighramesar

I think it's safe to say we'll be buying this pair for a little bit longer. the higher TFs from 1H -1M show strong buy sentiment. the lower ones are jumping a bit but i don't think it's an indicator that we'll see a sell soon. I'm sure it's still coming but I can't say when that will be. That being said, sticking to the 1H TF, the indicators are still biased...

kayleighramesar

I'm in this trade right where you see the text At this point though, I see no problem in coming in for a buy if you're not already ADX and DI+ signals are growing stronger now at around 33 and 25 respectively Ichimoku continues to show conversion over base, and the market remains well above the cloud. SAR is below the current candle, though the closer it gets...

kayleighramesar

As a general request to the community, I'd really appreciate any feedback on my analysis. And if you take any action based on my analysis, I'd like to hear if it worked out for you, barring fundamentals that can turn it the other way That being said, I posted yesterday a couple times I believe about the continuing uptrend for CHFJPY. Looking at the technicals,...

kayleighramesar

As of now, the continuing buy sentiment for this pair is going strong. ichimoku, psar, and adx+di all suggest that the pair will continue to buy. didn't get in on the trade myself, but if you were long, if you see satisfying profits, it's up to you to take them now. things may slow down until the Asian market is in full swing. That being said, if you are in and...

kayleighramesar

Conversion over base, market over cloud, ADX and DI+ over 20, SAR under the candle. The candle itself seems to flip between a buy and sell. The indicators are high key in favour of a buy. but with the Economy Watchers Sentiment for the Yen going on at 1:00am AST, give it an hour, hour and a half, to see what direction this will go. So far, with the franc being...

kayleighramesar

the 1H chart shows a bullish harmonic. Indicators on the chart support a buy sentiment >Ichimoku - conversion over base market above cloud >ADX ADX at 36 DI+ at 30 DI- at 7 >PSAR below candle idea to wait for candle close, though the bullish trend is likely to continue from these indicators.

kayleighramesar

The harmonic on the 4h timeframe is bearish. this was a trend within the past few days. Looking at the indicators, however, the data shows a strong possibility for a continuing uptrend. >Ichimoku - Market data above the cloud - Conversion over base >PSAR below the current candle >ADX DI- DI + - ADX 23 - DI - 14 - DI+ 33 Technicals also show strong buy...