The teal lines outline the gap to fill which i think happens first. Once that is hit we moon it to the red lines for a nice short to the green lines. Then close short and flip long for all time high. Kappa
CHFJPY daily chart analysis, price at daily uptrend. i took a short in supply and will look for buys at demand (why?) because more buyers in that area so i want to buy.... that simple
I will wait GBPJPY until the bat pattern complete and sell in this zone which is match with the trend line
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Market will meet resistance @83.93 level and fall to the @82.4 level. In order to enter, the pair needs to be rejected by the Bollinger Band line.... B – Beliefs Market move towards the first Target 1 level @ 82.4 FX:CADJPY...
After breaking the bullish trend, I called a short on this pair, however, the currency pair shot up stopping me out. Currently, the pair has formed a double top and it looks like a bearish trend is being made due the formation of the most recent trendline. If the currency pair moves down, I will target 150 pips where we have our 61.8 fib level,. Will be risking 50 pips.
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @80.300 level and move towards the first Target 1 level @ 79.750 FX:EURCAD Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting...
Aside from the logical talk of the flash crash in the Yen crosses, a key takeaway from today’s rapid sell-off in the Japanese currency, is the massive technical breakout in the AUD/USD. While the precursor to experience further pain ahead was already in place after Wednesday’s close sub 0.70, the outlook has worsened considerably after a run that’s taken the...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top. B – Beliefs Market will be rejected at @84.82 level and move towards the first Target 1 level @ 84.3 level. FX:CADJPY Trade Management Entered @ 84.82 Stop Loss @ 85.14 Target 1 @84.3 Risk/Reward @...
Selling on strength should be the main play in this market unless the technical picture is negated. For now, the technicals, with an active downcycle on the hourly, are leading the way. If we think of valuations, the flows should also be JPY positive judging by the depressed risk-off profile this week, coupled with new cycle lows in the US vs Japanese yield...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @145.500 level and move towards the first Target 1 level @ 144.500 level. FX:GBPJPY Trade Management Entered @ Still waiting for confirmation. Stop Loss @...
The US Dollar found support against the Japanese Yen on Tuesday morning. Namely, the lower trend line of a medium term channel up pattern provided the needed support to stop the recent short lived decline. Moreover, during the morning hours the currency rate passed the 55-hour simple moving average’s resistance at 111.20. The SMA began to provide support shortly...
I'm using this mainly to see how it influences other stock markets. I've entered a small position size short on this based partly on experience on the 1H time frame. But that's not where the main action is. This market tends to influence events in the Indian and Japanese stock markets.
There are almost no changes on the USD/JPY currency exchange rate’s hourly chart. Namely, the pair has traded sideways while being supported by the 55-hour SMA and being restricted from surging by the 100-hour SMA. However, note that the 100-hour simple moving average was pierced on early morning of Friday’s trading session. In general, the rate is set to...
After booking a new high level against the Japanese Yen, the US Dollar retreated during the early hours of Monday’s trading session. However, by the middle of the day the currency exchange rate had stopped the decline. Namely, the decline was stopped by the support of the 55-hour simple moving average near the 110.60 mark. Moreover, the currency exchange rate...
USDJPY is about to start a downride on daily as you see. It reached the fib arc and repeats the bearish reversal patterns from the past waves. Follow the price to complete that bearish pattern it copies from the past and once it hits the fibonacci arc, we go for a down slide. Then watch for reactions or pullbacks at Gann angles. Every Gann angle line acts as...
Although it is an Ethernet that looks like bitcoin for a long time, What is clearly different from other virtual currencies is that it will not quite stop at double zero. However YPP is functioning to a certain extent and there are signs that it repeled in the vicinity several times. It got closer, but is there a resistance of YPP this time? 1) Function as...