Taking a look at the recent price action on USDJPY, we can see how the use of patterns and structure can be used to increase the probability for any potential trade setup. As you can see from the 15 Minute chart, USDJPY was on the rise until it ran out of steam and started to trade into an ascending channel. This ascending channel completed a bearish (selling) 3...
Hello forex traders! 😁 I get a lot of questions lately about our strategies about using them to scalp in smaller timeframes / markets other than cryptocurrency. All markets go up and down and our job is to identify the turning points in any market with our signals. You can clearly see the buy and sell opportunites on this example of USDJPY 15 minute...
The correlation between American Indices and the US Dollar is so powerful that some investors see Dow Jones Industrial as a USD market sentiment indicator. That relationship can be explained, and here is how. Explanation: When investors want to buy US stocks they tend to borrow money in low-interest rate currencies, such is the Japanese Yen. The Japanese Yen...
USDJPY shows what price action areas we expect price to react from on USDJPY Forex Cross pair. USDJPY is dropping strongly reacting to previous weekly supply imbalances in a big picture downtrend. New supply levels have been created around 114, 112.69 and a brand new one around 111.60. This USDJPY cross pair analysis is done on the weekly timeframe for those...