Fundmental: Given the Bank of Japan's decision to maintain ultra-low interest rates while adopting a more flexible yield curve control policy, coupled with positive market reactions and the potential for policy normalization, there is a strong possibility that the JPY225 index will rise in the coming days. The move indicates confidence in Japan's economic...
USDJPY is trading in a bullish trend. The price recently started a correctional movement and dropped to a major rising trend line. A big double bottom was formed on that. To buy the market with a confirmation, wait for a bullish breakout of its horizontal neckline. IF the market breaks and closes above 142.0 level, I will expect a bullish continuation at least...
I'm looking to buy again, I don't think we've seen the top, we're still miles off an ATH. With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous...
SLO @ 141.25 ⏳ SSO1 @ 141.00 ⏳ SSO2 @ 140.85 ⏳ Choose your TP based on your trading strategy: 💴 USDJPY (pip movement per strategy): STRATEGY PIP MOVEMENT Scalping 10-20 pips Intraday 20-40 pips Swing 40-80 pips Position 80-120 pips 💴 The average ATR for USDJPY (based on different time frames): TIME FRAME AVERAGE ATR 1 day ...
The market is very risky… I usually don't trade on days like this .. but I saw a high-risk position ... let's see if we can make some money here. PS. Leave your comments and thoughts.
Fast intraday search through my watchlist. You can follow the price with candle confirmation or whatever strategy you have. None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price...
Details on chart - looking to see continuations of the HTF bias of bulls
A 2-bar bearish reversal pattern has formed at a historical resistance zone just below 96. Prior breaks above it in June and September failed last year. On both occasions the market fell near the 91 area before retesting the resistance zone, and in October we saw prices accelerate lower. What could trigger such a move this time around? Whilst nobody is expecting...
After price gave us a change of character the the upside on 4h timeframe, it retraced and retested extreme demand. It then preceded to break structure the the upside, confirming the SMS we just had. It left behind a huge imbalance since it broke structure with an enormous upside momentum. It has currently retraced and is hovering above a demand zone that it could...
I have marked 3possible scenario Trade setups are all bullish if we break through the oivot,then I will buy immediately. This is the last pivot and cad seems to break it Scenario 2 if we dont break the pivot and cad falls back to the previous pivot,i will buy the pull back etc. I also have marked the potential risk rewar ratio See the chart above Dont: No...
Australian Dollar Japanese Yen traded at 94.2260 this Tuesday June 13th, increasing 0.0160 or 0.02 percent since the previous trading session. Looking back, over the last four weeks, AUDJPY gained 3.35 percent. Over the last 12 months, its price rose by 1.26 percent. Looking ahead, we forecast Australian Dollar Japanese Yen to be priced at 93.7636 by the end of...
USDJPY - 24h expiry Bespoke support is located at 139.60. A Fibonacci confluence area is located at 139.60. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. There is scope for mild selling at the open but losses should be limited. Although the anticipated move higher is corrective, it does offer...
After a rather choppy week last week with a lot of red folded news we have seen the British pound Japanese yen push into a bullish movement this tells us that we look for the bullish continuation we have located our last swing low and our last swing high giving us a new bullish range we are going to look to buy this higher targeting the high of the range created...
US dollar to the Japanese yen gave us a pretty similar scenario to the British pounds of the Japanese yen we broke bullish providing a huge range powered by news and fundamentals we now have located the lowest half of the range with our unmitigated order block we are looking for price to run back to this order block and continue pushing higher. Based off of the...
NZDJPY gave us last time (May 05) a very accurate buy signal that hit the target (see chart below) and even broke the 1 year Resistance Zone: The pattern that emerged is a Bullish Megaphone, whose latest Higher Low leg is supported by the 1D MA50 (blue trend-line), having closed all candles above it. As long as it holds, we remain buyers and target Resistance...
CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting...
EURJPY is trading in a long-term bullish trend. After the price reached a 158 level, the market retraced to a rising trend line. The market is approaching the highs again now. Bullish breakout of the underlined blue area and a daily candle close above that will be a strong trend-following signal. A bullish continuation will be expected to 160 level...
00:00 Swing vs Position Trades 01:45 Supply / Resistance 02:36 Entries and Targets 04:16 Intermediate vs High Time Frame 05:43 Demand Zone (3H) 07:42 Day Trade Opportunities 10:37 Boost, Follow, Comment, Join MAJOR RESISTANCE @ 149.00 -SL @ 147.60 🚫 SLO2 @ 146.60 (conservative) ⏳ SLO1 @ 145.15 (aggressive) ⏳ SSO1 @ 143.10 (aggressive) ⏳*** SSO2 @...