EURJPY broke resistance line which has been in place for more than a year!! 150MA and 200 MA cross (in a bullish direction) 1H red candle rejected when touched MAs and BB 4H MACD bullish Daily Stoch indicator in an upward direction Many reasons to think that we're going to see a bounce in an upward direction when pair tests resistance again (resistance becomes...
Note: EUR/JPY follows our prediction previously. Overall, we remain bullish on this pair. We have 2 trading plan for this pair: 1. We wait for pullback to the support zone and another strong bullish signal to long with right risk amount 2. We zoom into H4 or H1 charts to look for pullback on 20-EMA and long with little risk amount Caution on the BOJ Policy...
Note: AUD/JPY follows what we predicted last week. Overall, we are still bullish on this pair unless it breaks the support zone at 86.0x level and the 20-EMA line. Our trading plan: Waiting for a strong bullish signal bounce back from the support zone is a good signal to long! Caution: The BOJ Policy rate on Tuesday!
This ascending channel on the weekly chart of NZD/USD presents an opportunity for a short breakout trade. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
Note: It is a potential Break Setup. There is a strong resistance zone at 86.2xx area. We need to pay attention whether this pair able to break this resistance zone. There are 2 ways to trade this pair 1. If the price able to break the resistance zone, wait for pullback to the resistance zone and bullish signal to long -Can long after breakout with small lot...
Note: USD/JPY has the strongest bullish trend. Now, we see it breaks the resistance zone. Now we have 2 ways to trade it. 1. Wait it pull back to Resistance Zone and wait for another bullish bar to long (right lot size) 2. Wait it pull back to either 20-EMA in H4 chart or H1 chart to long (smaller risk)
Note: This pair already break the current support zone at 112.x area. Recently there is a pullback sit on support zone and a bullish signal appeared! It is a 2B Reversal. We are BULLISH on this pair There are 2 ways to trade: 1. Long this trade now with R/R of 1:1 for TP1 a nd R/R of 1:2.8 for TP2. Or can use H4 or H1 chart to buy at dip 2. Wait the price...
Support became resistance RSI well below 50, MACD below 0 No indications for long Still believe weak JPY hurting Japanese economy
Similar to CADJPY, NZDJPY reached resistance level. This level coincides with Fibonacci level which determines the likely end points of retracements. As you can see, since mid-2015 NJ has been in a downward trend and recent increase represents the retracement which is likely to be over (reached resistance and 50% Fib level). As argued in previous post for CADJPY,...
CADJPY hitting resistance, tested unsuccessfully (could test again, watch out) Technicals: Fibonacci Level, structure and over-bought RSI suggest short Fundamentals: CAD gaining recently due to higher OIL prices (how long will that continue?), JPY's recent rapid depreciation (since Trump won elections) can generate capital outflows, so I believe JPY should be...
Hi everyone, as mentioned before, I am new to trading and just trying to apply everything I learn so please do not trade based on these "ideas". So I've been watching this uptrend on the Canadian Dollar against the Japanese Yen. Since I am just an amateur trader, I entered this trend too late. But I am trying to catch at least the last bit of it, just a short and...
GBPJPY SHORT: Two strong resistance levels Fib Level aligning with resistance = very difficult level for bears RSI VERY VERY OVERBOUGHT MACD also reaching end of bullish trend However, if pair closes above 143 in the next few days, I would consider it as a clear break and will look for LONG Good luck
Last week Supreme Court ruled that UK needs to have a parliamentary vote for Brexit REFERENDUM NOT BINDING Fundamentals give reasons to have faith in GBP again; strong yen hurting Japanese economy Close above Fib on daily and strong BULL till the end of the week, even in a longer term.
One of my Golden Pattern is being formed in USDJPY charts and it suggests an up move of 10% very soon, buying zone is till 99, targets could be of around 110, initial.
Long USDJPY: - MACD grossing upwards - RSI showing bullish signs - Previous structure, blue line - Fib Level tested unsuccessfully, so should be going up - 200MA didn't allow it to go further down - Stoch Indicator pointing up * DXY hitting major support (past structure) and Fib soon, bullish sign? GL :)
The USDJPY retraced about 100 pips today during the New York session. I believe this pair will break the ascending triangle and head down to touch 103.67 area. If breaks that could head down to test 103.17, and than 102.119 from there.