USDJPY after the false breakout below the weekly structure bounced back above. The price found resistance below a daily structure and start to consolidate in a triangle formation. IF the price will break above the 106 level and consequently break the descending trendline, we will set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp...
AUDJPY on the daily chart is moving inside a descending channel. The price just hit and got rejected by the upper trendline, creating a double top formation. IF the price will break below the ema and consequently break the support structure we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (123.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (123.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Purchase range: 105.266 Targets: 105.377- 105.488- 105.599 Stop loss The first goal: the profit to loss ratio is 1: 1 (105.155) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 105.266(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
The inevitable and unrealized danger of a sustained phase in a strengthening US Dollar, burst into reality with the Covid Crash of the S&P 500 SPX and of world equity markets. Now, it will be years before we need to countdown again - whenever the world economy moves the USD to start on another sustained strengthening phase - and the Euro and Japanese Yen JPY...
Price retested a support level created from last week's bullish structure and now I'm looking for price to continue to push to the upside.
Aussie has been strong throughout this entire election time, and it's still dominating so I'm lookingfor this to push higher. In this specific setup tho, there was a huge push to the upside and price has retrace and find support so I'm looking for more bulls to the upside.
NZDCAD reached a major daily structure resistance. after a strong bullish wave the price has stopped on that and we see clear weakening signs: we see multiple rejection on hourly and double top formation with a lower high. 0.8973 is its support. I want to see hourly violation of that to initiate short position. goals: 0.894 0.8904 in case of a new higher...
EURJPY is looking bearish and I believe price will fall back within the descending 4 hour TL. With a clean break of this and the 124.000 psychological level I will anticipate a fall to the previous resistance area, which lines up with the 123.000 psychological. Let's see how this plays out.
ALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE. ==> FIND THIS USEFUL?: LEAVE A LIKE AND FOLLOW ==> OTHER THOUGHTS?: COMMENT SO WE DISCUSS ==> PLEASE TAKE NOTE!! DO NOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION
CADJPY BUY trade running nicely, let them winners run ! 5.15% based on 1% risk OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you...
Trading Signal: A Trading Signal is seen in the CHFJPY Currency Pair. Traders can open their Sell Trades NOW Sell Stop 114.80 SL 115.25 TP 114.25 If you liked our ideas, please support us with your likes 👍 and comments.
USDJPY testing key support, more downside ! Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hello, the yen weakens with rising yields, maintained "vaccine" sentiment EURUSD is technically supported around 1.1760 / 40 USDJPY technically looks good Looking for so called "double kick" Buying at/around 123.85 and 123.25 Stop below 122.75 Target 1 126 Target 2 128 Good luck