AUDJPY is showing us a really nice flat correction.
A flat correction consists of 3 major waves, which is broken down into 3(A) 3(A) C(5).
We are currently in C wave, subwave 4. Expecting subwave 5 soon.
Trade Idea:
- Watch for breakdown of subwave 4 correction
- Entry after break of red trendline
- Stops above the highs of the correction
- Targets: 90.5...
Hey traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 134,5 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.44).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.44).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as...
GBP
FUNDAMENTAL OUTLOOK: WEAK BEARISH
BASELINE
The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession...
USD
FUNDAMENTAL OUTLOOK: BULLISH
BASELINE
With headline inflation >9%, the Fed has been pressured to tighten policy aggressively, hiking rates by 75bsp at their July meeting, and continuing with Quantitative Tightening. However, as a result of increasing fears of a growth slowdown (as evidenced by recent econ data), the Fed confirmed a more data-dependent...
USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are back to bullish on all timeframes for UJ. Last week we saw the 4hour transition back to bullish after rejecting our 133.000 zone.
Going into this week we’re looking for a significant higher low to enter long on.
Trade scenario 2: For us to consider UJ...
EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Clearly bearish on EJ going into this week. Ideally we can find some structure and a continuation.
We are looking for price action to reject our 137.000 zone and start forming lower highs below. Look to enter on a significant lower high and target lower toward...
AUDJPY Bearish idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are clearly bearish on the 4hour timeframe with a good amount of volume present.
We want to continue bearish so ideally we see this double top form and price action starts to fall. Look for a confirmed lower high below our 93.000 zone for short...
This week is looking interesting, after our monthly major news, really interested on how price will act this week, i'm overall bullish, but we can see the AUDJPY forming some decent pips to the downside, might jump into that, till the setup i'm comfortable with forms
SELL @ 141.400
Sl @ 142.100
Tp @ 136.000
Price broke out of trendline & is currently retracing. Expecting 1 last push up to the .786 fib before further weakness.
Safest entry on break of trendline
Hello traders!
⁉️This is my analysis on JPYBASKET.
Here I have 2 points of interest, first one I am waiting for a rejection from orderblock around price level 7850. The second one if the price fills the imbalances below and reject from bullish orderblock around price level 7680.
Like, comment and subscribe to be in touch with my content!
Hi guys its kamy.
I have EURJPY chart here
we expect price to go down after hitting resistance level.
price made our signal bar we should wait for keybar and take our short position
Hey traders, in the coming week we are monitoring EURJPY for a selling opportunity around 137.6 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in the coming week we are monitoring GBPJPY for a selling opportunity around 163 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 84.9 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
