This trade is based on the daily chart of Japan225, where the price has recently retraced to the 0.7 Fibonacci level, presenting a potential opportunity for a downside move. The current market structure indicates a possible reversal from the recent highs, with a key resistance area marked by the red zone on the chart.
Key Levels:
• Entry: The trade is...
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Japanese Yen (6J)
My COT strategy has me on alert for short trades in 6B if we get a confirmed bearish change of trend...
Getting ready for next week's USD/JPY setup! 🚀 The market is aligning for a potential big move, and I'm positioning myself for the action. Watch closely as I plan my entries and manage the trade—timing is everything! ⏳
If you're into catching high-probability trades and want to see how I approach the markets, make sure to follow and stay tuned. Let’s ride this...
4 hour chart: Trend is down and cycling down. Momentum is flashing red.
1 hour chart: Trend is down and CCI broke below -100
15 chart: pullback into TrendCloud and Supply zone.
Target is at first ADR checkpoint
The EURJPY pair has been trading within a long-term Channel Up since the March 07 2022 bottom. The start of July saw it experience a strong correction, technically the latest Bearish Leg of the pattern that broke below the 1W MA50 (blue trend-line) for the first time since the week of March 20 2023 and hit the 1W MA100 (green trend-line) for the first time since...
Arif Husain, the head of fixed income at T. Rowe, is cautioning that volatility threatens the Japanese yen. Husain suggests that the yen carry trade has been unfairly blamed for what may actually be the onset of a larger, more complex trend. The Bank of Japan’s monetary tightening and its broader impact on global capital flows are intricate issues. A significant...
Trading Setup:
A Trading Signal is seen in the AUDJPY Currency Pair.
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 98.71
⭕️SL @ 98.19
🔵TP1 @ 100.24
🔵TP2 @ 101.24
🔵TP3 @ 102.79
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading...
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
JPY (6J)
My COT strategy has me on alert for short trades in 6J if we get a confirmed bearish change of trend on the...
The GBPJPY pair has recovered the late July sell-off and inserted again back within the 2-year Channel Up and even closed the last 2 weeks above the 1W MA50 (blue trend-line). The latter technically confirmed the bottom and the start of the new Bullish Leg.
The first Bullish Leg of the Channel Up reached the 2.0 Fibonacci extension, the second aimed even higher,...
The USDJPY pair has been trading within a long-term Channel Up since the October 17 2022 High. The recent 6-week correction below the 1W MA50 (blue trend-line) is its technical Bearish Leg in order to price new Higher Low.
The pull-back even broke below the 1W MA100 (green trend-line) but recovered as it didn't close a 1W candle below it and now the price action...
Following the pullback last week after a massive bearish momentum, I anticipate that the momentum will continue, as the price rebounded to the 0.236 fib level at . My target will be to retest the 0.382 fib level at 90.6, so as to also cover the liquidity grab / gap that was left earlier on.
Entry will be at 96.00, TP at 90.5 and SL at 97.5.
The Japaneese yen is getting stronger after the japaneese stock market is crashing. People panic selling stocks to buy Yen.. The 12.4% loss on the Nikkei stock was the worst day for the index since the “Black Monday” of 1987.
Looking at FX:USDJPY we have broken down from the trading range we have been in since DEC 2022. We could now go up for a re-test of the...
The Japaneese yen is getting stronger after the japaneese stock market is crashing. People panic selling stocks to buy Yen.. The 12.4% loss on the Nikkei stock was the worst day for the index since the “Black Monday” of 1987.
Looking at FX:USDJPY we have broken down from the trading range we have been in since DEC 2022. We could now go up for a re-test of the...
The Japanese Yen (JPY) exerted downward pressure on the US Dollar (USD) during the early European session. Despite the USD's initial attempt to recover value following yesterday's decline, the JPY continued to strengthen due to rising expectations that the Bank of Japan (BoJ) may implement further monetary policy tightening.
The BoJ recently raised its short-term...
The Japanese Yen (JPY) has extended its winning streak against the US Dollar (USD) for the fifth consecutive session on Monday. This consistent momentum is driven by increasing expectations that the Bank of Japan (BoJ) may further tighten its monetary policy. The BoJ's potential shift towards a more hawkish stance is attracting significant market attention, as...
As a bearish rally on USDJPY continues, the pair keeps violating key
historic support levels, one after another.
Here are the next significant supports to pay close attention to.
Support 1: 140.2 - 141.0 area
Support 2: 137.2 - 138.1 area
Support 3: 133.0 - 133.9 area
Support 4: 129.6 - 130.8 area
Support 5: 127.2 - 128.1 area
These supports may indicate the...
Hi Traders !
After a huge bearish move,
The USDJPY broke the support level (150.261 - 151.227).
This key level becomes a new resistance level !
So, I expect a bearish move📉
_______________
TARGET: 147.200🎯
USD/JPY, after retesting the demand area around $149.000, shows potential for initiating a new bullish impulse. This technical retest suggests the possibility of a fresh upward leg in the pair's price movement.
By examining the Commitment of Traders (COT) report, we notice significant bullish sentiment among large traders, indicating support for a long position...
