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AUDJPY

Why Trading Sessions Matter in Forex: Key OverlapsThe Forex market is open 24 hours a day during the weekdays, allowing traders flexibility to trade at any time. However, understanding the best times to trade is essential for effective trading. The market is divided into four main sessions: Sydney, Tokyo, London, and New York, each corresponding to peak activity in key financial centers. Using a Forex Market Time Zone Converter can help traders determine which sessions are active in their local time, making it easier to plan around high-liquidity periods. Although the market is technically always open, not all trading times are equally profitable. Higher trading volume, which generally occurs during session overlaps, creates ideal conditions for traders. For example, the overlap of the London and New York sessions sees the highest volume, with more than 50% of daily trades occurring in these two centers. Trading at this time, especially with currency pairs like GBP/USD, can lead to tighter spreads and quicker order execution, reducing slippage and increasing the likelihood of profitable trades. Similarly, trading AUD/JPY during the Asian session, when the Tokyo market is active, is advantageous due to higher trading activity for these currencies. Conversely, trading during times when only one session is active, such as during the Sydney session alone, can result in wider spreads and less market movement, making it harder to achieve profitable trades. Planning trades around high-activity sessions and overlaps is key to effective forex trading.
Education
by Market-Analyzer
9
AUD JPY Swing Buys Ask Me Live ($9K Banked)"Explore the intricacies of Forex trading with a focus on the AUD/JPY Buy Swing Position in my latest video - 'AUD JPY Fibonacci Entries Unveiled (Forex Trading).' 📈💹 Join me on a journey through the market nuances as I delve into the specific details of Fibonacci entries for this strategic swing position. In this comprehensive guide, I unveil the power of Fibonacci retracement levels in navigating the AUD/JPY market. Discover the secrets to identifying optimal entry points and enhancing your trading precision. Whether you're a seasoned trader seeking advanced strategies or a beginner aiming to grasp the fundamentals, this video is tailored to elevate your trading game. Don't miss the opportunity to fine-tune your skills and gain a competitive edge in the dynamic world of Forex trading. Subscribe, hit the notification bell, and let's master the markets together! 🌐✨ #ForexTrading #AUDJPY #FibonacciEntries #TradingStrategies #MarketAnalysis"
Education
by RB_T
The Carry Trade With the current aggressive interest rate hikes happening with some of the world's leading central banks due to inflation problems, we figured it would be an ideal time to discuss the carry trade. This post will go into further detail about the carry trade and how it works in the forex market. We will also discuss one of the most popular carry trades to take place in forex history and the risks traders should be wary of when trying to implement this strategy. What is the carry trade? The simple explanation of the carry trade is that a speculator borrows one financial instrument to buy another financial instrument. For example, let's assume that you go into a bank and borrow $10,000, which then charges you a 1% lending fee ($100). You then take that $10,000 and purchase a Treasury bond that pays you 5% a year. Your profit is 4% (minus commissions and other costs). Basically, you have profited from the difference in the interest rate. This is the carry trade in its simplest form. The carry trade in the Forex market The carry trade in the forex market is one of the oldest and simplest forms of forex trading strategies. It was first developed by fund managers to take advantage of the interest rate differentials between currency pairs. A carry trade occurs when you buy a high-interest currency against a low-interest currency. For each day that you hold that trade, the broker will credit you the interest difference between the two currencies (this difference is called the 'interest rate differential'), as long as you are trading in the interest-positive direction. To understand this further, let's give an example: In the forex market, currencies are traded in pairs (so if you buy USD/JPY, you are actually buying the US dollar and selling the Japanese Yen at the same time). You receive interest on the currency position you BUY and pay interest on the currency position you SELL. What makes the carry trade unique in the forex market is that interest payments take place every trading day based on your position. This is because technically, all positions are closed at the end of the trading day in the forex market. You just don’t see it happen if you carry your position overnight due to the fact that brokers close and reopen your position, and then they credit or debit you the overnight interest rate differential between the two currencies (this is also called a rollover or swap). The amount of leverage available from forex brokers has made carry trades very attractive in the forex market. Most, if not all, forex trading is margin-based, meaning you only have to put up a small amount of the position and your broker will put up the rest. Many brokers ask traders for as little as 1% or even less as margin to trade a position. Continuing from our above USDJPY example, let's assume that interest rates are 6% for the US dollar and 1% for the Japanese Yen (so the interest rate differential is 5%). Let us assume that you deposit $10,000 with a broker and decide to buy USDJPY with the intention to carry trade and earn +5% interest a year. Let's say the broker offers you 100:1 leverage and you want to purchase $10,000 worth of that currency. Since the broker is offering you 100:1 leverage, you would only require a 1% deposit for the position; therefore, you hold $100 in margin. Now you have an open USDJPY trade that is worth $10,000 and is receiving 5% a year in interest. To get a clearer picture of this, let's see the image below: What will happen to your account if you do nothing for a year? There are three possibilities. Let’s take a look at each one in the image below: Due to the 100:1 leverage being offered to you, in this scenario you have the potential to earn at least 5% a year from your initial $10,000, but there are huge risks to this (we will get to that later). The infamous AUDJPY carry trade During the early to mid-2000s, traders experienced near-perfect combinations of these conditions across numerous forex pairs, most popularly the AUDJPY. This particular FX carry trade involved going long on the AUDJPY. The Australian dollar has historically yielded higher interest rates than other global currencies. The Bank of Japan has been keeping interest rates low since the mid-1990s in an effort to revive the economy after a stock market crash caused a recession. The Bank of Japan has persisted with its approach to low interest rates, and in 2016, it announced negative interest rates. This means Japanese banks now pay interest on the cash they deposit with the Bank of Japan instead of earning interest on it. AUDJPY Exchange Rate and Interest Rate Differential 2001–2014 As you can see in the image above, the interest rate differential between Australia and Japan was consistently high. Due to the Australian dollar yielding a much higher return on investment compared to the Japanese yen, the situation provided retail traders and big institutions great opportunities for carry trading to occur with this currency pair and reaped huge profits from it. These conditions boomed, especially throughout the early to mid-2000s; however, this seemed to change just before the end of the 2000s. In 2008, with the global recession, the economic conditions surrounding Australian and Japanese investments changed as interest rates in Japan drifted slightly upward from near zero to just above zero, while interest rates in Australia fell considerably. As a result of both countries having their interest rates close to each other, the Japanese yen drastically appreciated against the Australian dollar, which would have caused traders huge losses when implementing the carry trade method during this period. You can see this in the chart below: AUDUSD 3-Month Chart Interest rates have changed since then: as of August 2023, Australia's interest rates are now back up to 4.10%, while Japan's interest rate remains at -0.1%. Risks of the carry trade The biggest risk in a carry trade strategy is the absolute uncertainty of exchange rates. For example, if a trader is buying a currency to profit from that currency pair's interest rate differential and the country of the currency cuts its interest rate unexpectedly, the exchange rate of that currency will most likely drastically fall, which can potentially cause the trader to suffer sudden and big financial losses. Due to this, it is important to look at more than just the interest rates on the currencies before you trade on the forex market. Additionally, if a country’s economic outlook does not look positive, the demand for that country's currency will decrease, especially if the market thinks that their central bank will have to lower interest rates to help their economy. Another important risk factor for traders to consider with the carry trade is that if substantial leverage is used to implement it, then big market moves against the trader's favour could result in losses that may cause margin calls, the position being automatically stopped out, or worse, losing more than your initial deposit and the trader's account ending up in a negative balance. Lastly, global markets and economies have still not fully recovered from the global crash of 2008. Carry trades are very difficult to do now with major forex pairs due to the majority of brokers no longer offering positive swaps on major pairs. Traders have been looking at some exotic currency pairs as viable options because some of their countries' interest rates are still high. Exotics such as the Mexican peso, the South African rand, and the Nigerian naira are all options that many forex brokers offer, with currency pairs featuring USD, GBP, EUR, and even JPY variations. However, exotic currency pairs can be extremely volatile and dangerous as traders are susceptible to experiencing big market moves constantly in both directions, which makes these currencies very unpredictable and can cause traders big losses. These currency pairs can also be very expensive to trade due to the high spreads and possible additional commission costs. 1 Month MXNJPY chart example: The above chart shows that traders have been looking at exotic currencies as alternative options to continue carry trades, though they pose very high risks and can be very expensive to trade. The carry trade, while potentially lucrative and rewarding, can be very dangerous, and you must consider all risk factors if you are looking to implement this trading method. Trading this way with major and cross-currency pairs is very difficult to do now, and we cannot stress enough that you must trade with absolute caution if you’re implementing the exotic currencies into your own carry trading strategy. That being said, we may get to a time again where carry trades are possible with major currency pairs as interest rates are going back up globally in an attempt to recover from the global inflation crisis. Forex brokers may be open again to offer traders positive swaps on majors and crosses. BluetonaFX
Education
by BluetonaFX
24
Target Reached! AUDJPY ReviewPrice reversed nicely from the 96.84 level we forecasted and dropped all the way down to the support target. How did we manage to forecast this setup? Join Desmond as he breaks down the move. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Education
by FXCM
Biggest Mover of March! (13.30%)Hey Traders! Just like that, another month has flown by, end of the quarter this time, so it's a little bit more special. What I want to do is run through and have a look at the biggest movers to the upside and to the downside of the month. One of them really stood out across all pairs an I think you guys already know which one I'm going to talk about, the Japanese yen. Looking at our biggest mover of the month, it was AUDJPY and unsurprisingly given how bullish we are looking at the Aussie dollar at the moment and how bearish we were looking at the Japanese yen. As the data unfolded throughout the month, which I talk about momentarily, I am not shocked about this big move but was no expecting a whopping 13.30%. Which was a fantastic move and good to see these types of moves in the Forex market when the volatility comes through. It's bad news obviously for the Japanese yen. Great news for the Aussie dollar. Be interesting to see how it reacts from here. The Japanese yen was very volatile this month. We have a lot of movement due to the unforeseen circumstances around the world. Looking at the Japanese yen fundamentally, it wasn't a great month. Their unemployment rate increase showing that less people had jobs. The producer price index actually increased too much greater than forecasted, which was good news for the Japanese yen, but that didn't last long with the BSI manufacturing index being a massive shock to the system. While the forecast for it was an 8.2 from its previous of 7.9 (forecasting growth). It came in at a whopping -7.6, which was very bad news. Once we adjusted to that bad news, we were met with the trade balance, which was extremely negative as you can see by the chart put below. You can see where the money started to leave the Japanese yen and flood over to the AUD. From there, the shorting of JPY just carried on and on. We had some news come out, like the Tertiary Industry Activity, it was predicted to be negative, it wasn't as negative as forecasted, but the end of the day it is still slower growth which pushed the price even further down. The unemployment rate increased right at the end of the month. As you can see that the price started to push back in and the news might start flipping to show more strength into the Japanese yen compared to what we had. We did see also the pound take a bit of a hit as well as the euro. The euro was a very interesting one as it's reacted with how the whole Russia and Ukraine, scenario is unfolding. Keep an eye on that as we proceed with peace talks, making progress supposedly. We might see a volatility coming through these currencies, but overall I have a bearish sentiment moving into April, not too sure how well that's going to hold up in the long run. And finally, looking at the Swiss franc paired against the US dollar, didn't really make much progress. It was very weak at the start of the month or maybe the US dollar was just wrong. But you can see it moves quite nicely, then we hit the mid point, it's just pulled back into almost where we've opened leaving a very tall top wick on USDCHF. It'll be interesting to see on where we progress from here. Only losing about 0.63% to the US dollar. Thanks so much for tuning in. I hope you enjoyed this. If there is any questions or anything you would like to ask, please leave a comment and I'll get back to you as soon as possible. Cheers guys. Happy trading.
Education
by the5erstrading
Supply and Demand - AUDJPYThis is a good example of the relationship between supply and demand, accumulation and distribution (see the 1m chart insert from Friday 17th September). Price is constantly fluxing between the two forces deciding who has control of the market. At the point where the recent high fails to break, this is a strong signal that sellers could be in control and shorts become the more likely play. Eventually we see that demand is over-powered and at that point, price gives way and bearish momentum kicks in. Study price at the weekends when the market is closed and eventually you'll see this unfold live before your eyes
Education
by CourtneyCharles
How to Take Advantage of Both Market Directions?Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness. There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and ultimately this the only thing that generates are psychological issues on the trader. The best way to remain calm and be able to trade in a cold and consistent way is to plan in advance all the situations that may occur in the scenario we are analyzing, and how we would act in front of them. In this way, we do not allow ambiguities and we will only take positions if what we are waiting for happens. And, covering both directions, we will not feel that we are missing something if the movement is the opposite of what we expect (as it would happen in case of analyzing only in one direction). In this case we will analyze AUD/JPY to show you how we carry out this analysis: 🔸First, we are going to detail our vision of the daily graph that is the one shown in the publication. 🔸As we can see, the price is in a clear uptrend, and when faced with the Resistance zone it began to consolidate for several weeks. 🔸From there, we didn't see a clear direction. When we detect that there is no type of trend or clear behavior, we stay out of the market and wait for an opportunity to happen where we can establish a clear horizon. 🔸What we propose to trade this pair is that there is a brekaout. It can be in a bullish or bearish direction. In case of being bullish, it must be from the Resistance zone and in case it is bearish it must be from the trend line. 🔸We are going to decrease the timeframe to show exactly what we expect: 🔸In this image we see the 4H chart. 🔸Basically what we detail is that we expect a break and then a retest / corrective structure. This is because it is a security add-on to avoid potential fakeouts (the trade can fail anyway, of course). 🔸Once we see the retest, we will have a new swing or structure to be able to position our entry and stop loss safely, with a favorable risk-benefit ratio. 🔸The targets are: Resistance zone in case of bullish breakout, and Support zone in case of bullish breakout.
Education
by ThinkingAntsOk
📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction📚 LEARN MORE 💰 EARN MORE With ForecastCity FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After a downtrend, it has an upward slope. IMPULSE Definition: A “flag” is composed of an explosive strong price move forming a nearly vertical line. This is known as the "IMPULSE" or ”flagpole”. The sharper the spike on the flagpole, the more powerful the bull flag can be. Corrective Wave Definition: After an uptrend, it has a downward slope. After a downtrend, it has an upward slope. This downward or upward slop known as "Corrective Wave". Flag patterns can be bullish or bearish: A bullish flag is known as a Bull Flag. A bearish flag is known as a Bear Flag. How to Trade FLAG Patterns: When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead. Breakouts happen in both directions but almost all flags are continuation patterns. This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity
20
Ascending Triangle Definition and TacticsHello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** * The trendlines of a triangle need to run along at least two swing highs and two swing lows. * Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. * A long trade is taken if the price breaks above the top of the pattern. * A short trade is taken if the price breaks below the lower trendline. * A stop loss is typically placed just outside the pattern on the opposite side from the breakout. * A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. Thank you
Education
by Saeed966
5
2 of 3 Candlestick Patterns That Pinpoint ReversalsBearish Hammer Candlestick (AKA Inverted Hammer) These bearish formations are simply upside down hammers, and are also known as inverted hammers. Here's what a bearish hammer candlestick is telling us: Price opened near the lows of the candle, and although buyers initially succeeded at pushing price higher, they lost the final battle when sellers tipped the scales in their favor again by closing price lower than the opening price.
Education
by Tradingstrategyguides
AUDJPY Selling Opportunity SetupSticking with the intraday price action on AUDJPY again, we have seen another trading opportunity set up at the 75.00 big figure level. AUDJPY in general, love the big figure levels, so when we see price reject at these round numbers we want to focus in on the price action on the lower time frames to see what other pieces of information can help us make a more informed trading decision. When we go down to the 5 Minute chart we can see more clearly how a smaller head & shoulder pattern completes right at the 75.00 level. With this information, although on a lower time frame can help you see more accuracy in the price action while also helping you find a better and more precise level to enter. Managing your trade becomes easier in this situation because you don't have to place your stop loss too far above the pattern high and 75.00 level.
Education
by DavidVillagra
1
AUDJPY Buying Signal In our previous post we spotted a higher probability selling opportunity on AUDJPY. Since then we have seen in the price action a potential intra-day buying opportunity with a similar convergence of factors. As you can see from the 15 Minute chart, price came all the way down from the 75.00 level and reached the 74.00 level. In general AUDJPY loves the big figure (double zero) levels so we want to see how price reacts when these levels are reached. What we saw was a bullish 3 drive pattern complete right at the 74.00 level, this level in general has an increased probability of order flow resting there because its a round number and the pattern can indicate potential price exhaustion especially since it has already moved over 100 pips from the highs. To increase our confidence, confirmation and probability for any trade we want to locate as many factors that all line up to give you the same reason to execute. In this case once price rejected at the 74.00 level and we saw a bullish price pattern complete. The last factor we want to see is a higher inner trend line break to the upside as this can help confirm the pattern and also clearly show you a precise execution point. As we are trading the pattern we do not have to place a stop loss too far below the 3rd drive and the 74.00 level, while we can also look target 74.50 in the short term as there is not a lot of resistance until this area.
Education
by DavidVillagra
AUDJPY – Trying to prove new highsWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. AUDJPY – Trying to prove new highs Trend: Buy / Neutral Support/Resistance: R4: 78.514 R3: 77.513 R2: 76.287 R1: 75.702 S1: 74.311 S2: 73.346 Price action: Overall trade is showing buyers performance from previous weekly closing candle. At the moment price is still on bearish side. If price can break 75.702 level, then next target is at 76.287 level. Buyers will prove domination after breaking second resistance at 76.287 level and they have open area to 78.514 resistance level. Potencial trade idea: Bulls targets: T1: 76.287 T2: 77.513 T3: 78.514 Bears targets: T1: 74.311 NOTE – We are trading AUDJPY via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by TraderMartin5
The Japanese Housewives (& Why Bitcoin rallied so much in 2017)For the past 4 or 5 centuries afaik Japanese housewives have been running the household, taking care of kids making food and also managing the money. By the 2000s, these housewives were in charge of nearly $17 trillion. After WW2 until the late 90's, the Japanese families were saving up, and it worked well. But this happened in the 80s to 90s: Europe rates are super bad now too, next in line are the USA. it's like after every bubble and recession there is a big deflation with horrendous rates. USA probably should have experienced this after Japan and before or at the same time as europe, but they cheated with the FED etc. Only postponed the innevitable. Anyway... In the first decade of the new millenia, facing no returns from keeping their family money in the bank, japan housewives, historically risk averse, changed from a very safe saving culture to a more aggressive active investing one (doesn't mean they were going super crazy either). One thing alot of them did was sell their worthless 0% returns yen, and buy Australian Dollars that had really good interest rates (and their stock market is pretty much invincible even if WW3 pops out they'll be fine). This is called a carry trade. What ended happening was the large exit of yen from the country caused the currency to fall to a 20 year low. We also call this a crowded trade. And what happened next well, small exit, and every lady out there is running for the exit. Easy profit for those that know what is going on BUT this is really long term, what I would do - assuming I know what is going on - is this: If you were able to build a story like this, you would have some straight wins for 6 months, easy. (This is "3- Build a bias" in my previous idea "What makes a good trader? How to trade? "). Now I did not want to make this about Bitcoin, but the fact is that in April 2017, Japan passed a law making Bitcoin a legal form of currency! Some of these housewives (probably those that won in 2000-2008 lol) started looking at it. And they're managing easilly 20 trillion $ at that point. They are careful and responsible so I don't think they all went all in lmao. Deutsche Bank published a report at the craziest point of the bubble, showing that nearly HALF of the entire world Bitcoin trades in October 2017 were in Yen, so basically from these lovely ladies again. They're bigger than any pension fund. One massive herd that have the same constraints (mainly the japan central bank and regulations). On Bitflyer apparently the volume is only 12 million dollars (for btc/yen), removing all the wash trading fake volume and also bitmex we have I think 300 million or something? (Most of it is CME+Coinbase+Kraken+Bitstamp+Binance+Bitfinex just add these 6 - not sure if we can trust Binance and finex) Even with just Coinbase Kraken Bitstamp CME then the yen volume is still far from being half. Looks like the japanese left Bitcoin to rot (just like they left the aud?) and could not care less now. They are now less afraid to take risks and it looks like they got better at it. Rekting every dumb FOMO person on the planet... Actually I have no idea. You better bet that Deutsch Bank, that published their report about Bitcoin in December 2017, knew about it way earlier. They just release it after they were long Bitcoin for a while and looking to dump on foolish sheep. Big pension funds guys like this, they have to disclose their positions right? But Japanese households, the biggest easiest to profit from whale, do not. I am sure we can find out more. Let me know in the comments if you know more about this I'd appreciate it :p
Education
by MrRenev
2
Elliott Wave & Intermarket Analysis For DOW JONES And AUDJPYHello traders! Today we will talk about positive correlation between stocks and xxx/jpy cross pairs, while we are in RISK ON sentiment. Well, as you know, stocks are in uptrend and there can be room for more upside once a bigger correction fully unfolds. At the same time, xxx/jpy pairs are usually in positive correlation with stocks that can be clearly seen in the first chart above! The best examples at this stage are Dow Jones and AUDJPY, where we see a potential bullish triangle in progress which may take some time, because we still see an unifinished five-leg A-B-C-D-E sideways movement. Currently we are observing a three-wave (A)-(B)-(C) rally to the upper side of a triangle range for wave D, from where we may see another sell-off for wave E and once a wave E completes, this is when a big triangle can be finished that can push the price back to highs! These triangles are valid while price keeps trading above blue wave A swing low and bullish confirmed can be only above blue wave B swing high! That said, we are patiently waiting to see if the triangle will unfold as we wish! Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
DJ:DJIEducation
by ew-forecast
4
AUDJPY - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe