GBPJPY is nicely recovering after a strong bearish wave. On focus is 163.1 - 164.3 area. It is a broken demand zone that turned into supply zone now. I believe that the market will drop from that. Patiently wait for its test and wait for a confirmation on lower time frames to short then. ❤️If you have any questions, please, ask me in the comment...
💱USD/JPY Time for correction 💱The Japanese yen has shown strength in the last week, on Tuesday we moved down more than 4% due to the Bank of Japan's intervention. 💱After landing on a strong support zone, we began to form a small upward correction. 💱In my opinion, there is a chance that it will even reach the vicinity of the nearest resistance zone, after which...
The EURJPY pair hit this week the 1D MA200 (orange trend-line) and seems to be holding it as a Higher Lows Support within the Channel Up that started in April. We first looked into this Fibonacci Channel approach in September and gave us an excellent dump and pump trade: At the moment, as long as this week's low holds, we are expecting the Channel Up to make...
Hey traders, NZDJPY broke and closed below a major wide demand cluster on a daily. The broken structure 83.8 - 85.0 turned into resistance now. It looks like the pair is quite oversold at the moment. The market will most likely retrace to the underlined area and a bearish wave will initiate then. Goal will be a rising trend line, matching the last higher...
NZDJPY broke and closed below a major demand cluster: 83.8 - 85.0 area turned into resistance now. I believe that the pair will keep falling. Next goal for sellers - major rising trend line. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
CADJPY formed a cute doji candle on 4H. Analyzing hourly time frame, I spotted a cute double top. Taking into consideration that the market is trading in a sharp short-term bearish trend, bears may keep pushing the pair. Goals: 96.26 / 95.9 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
According to the structure of the chart and the beautiful pullback to upward trend line we can get a short-selling position until the green range and reaching the target. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me...
Australian Dollar/Japanese Yen is making Expanding Flat(3-3-5), and now it is running in microwave 3 of main wave C. I expect Australian Dollar/Japanese goes down to the target that I showed you in my chart. 🔅Australian Dollar/Japanese Yen Analyze (AUDJPY) Daily Timeframe⏰. Do not forget to put Stop loss for your positions (For every position you want to...
USDJPY dropped sharply. Here are the key levels for you to watch. Support 1: 130.4 - 131.8 area Support 2: 126.3 - 126.9 area Resistance 1: 133.6 - 134.55 area Resistance 2: 137.8 - 138.7 area The price violated a key structure, it turned into Resistance 1. The pair will most likely keep falling, at least to Support 1. Consider the underlined structure for...
On a today's live stream, we discussed EURJPY. The price has recently broken and closed above a resistance line of a bullish flag pattern on a daily. We see its retest now. Testing that, the price formed an ascending triangle formation on 1H time frame and broke its neckline then. I expect a bullish move to 145.44 / 145.9 levels now. ❤️If you have any...
Price has given a perfect rejection of the 61.8 fib level and has made a higher high with a bullish engulfing candle. Perfect Buying Opp as the DXY is also rising. Here is the play I will be taking on this pair: Entry = 136.566 Stop Loss = 135.495 107 pips Take Profit = 138.859 229 pips This is a swing trade.
Based on the price patterns in the chart, as you can see, the rate is weakening to rise near the ceiling of the downtrend and is preparing for a sell position. According to my risk and capital management system, the risk of each trade is one percent per position.
Considering the weakness in the price rise and the strength of the fall and reaching the ceiling of the descending channel , I enter a sell position when I see favorable conditions. According to my risk and capital management system, the risk of each trade is one percent per position.
As you can see in the chart, due to the weakness in the decline and the reaction to the support level , I expect an upward correction first, and then I will update the analysis if there is a reaction to the resistance level . Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital...
💱USD/JPY Reaching A Resistance Zone 💱As I wrote recently about the possibility of the start of an upward movement on USD/JPY: 💱Yes, and we have lived to see the continuation of the uptrend in recent days. 💱The price has returned to the vicinity of 138. 💱The resistance zone and support remain unchanged. 💱Given the trend and the fact that the support zone...
The GBPJPY pair has been rebounding strongly since the November 11 Low within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The Low was made on the Inner Higher Lows trend-line, that has had five hit-and-holds since May 12. Based on the 1D MACD also, this sequence resembles the April 20 - June 09 fractal , whose rebound reached the previous...
💶💴EUR/JPY Continued Increases 💶💴That's how I perfectly predicted the support zone and future trend direction in the last post: 💶💴Yes and this time I come to you with an update of my perspective. 💶💴The direction remains unchanged. 💶💴Today's upward movement was fuelled by another 50-point interest rate hike in the Eurozone. 💶💴Ahead of us there is a strong...