Industry nation Japan vs Argentina! Indact the Football Gods like Messi and Maradonna coming from Argentina,but even they cant help to stabilize the economic structures of this country:42% inflation vs 2%inflationary Japan. Yen is the safe haven currency and it seems it is more trustworthy to the investors. STRATEGY Vullish trailing stop position sizing Trend...
With no true BOS up on this pair we are still looking to track this lower out of our sell range we have here on UJ, as always whatever price delivery is giving us we will follow... for now we are only within our sell range so we can expect this to stay in line with that narrative. Remember to always read order flow and follow what price is showing you instead of...
With no true BOS up on this pair we are still looking to track this lower out of our sell range we have here on UJ, as always whatever price delivery is giving us we will follow... for now we are only within our sell range so we can expect this to stay in line with that narrative. Remember to always read order flow and follow what price is showing you instead of...
In the lower time frame (compared to the main analysis), we have more reasons for a long position: RSI status, good volumes, excellent support, hammer candle and confirmation candle later 🤩
Hey Traders, in tomorrow's trading session we are monitoring EURJPY for a buying opportunity around 155.100 zone, EURJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 155 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring GBPJPY for a buying opportunity around 180.900 zone, GBPJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 180.900 support and resistance area. Trade safe, Joe.
dollar and yen It has exited from its very good 112-day ascending channel, but it has reacted well to its 128-day support and has now entered the pullback channel. When the market opens, wait for the confirmation candle and pin bar to open the right position. Don't forget capital management and compliance with risk to reward. Good luck and profitable.
NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far. That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d). The two bullish legs have risen at least +7%. Trading Plan: 1. Buy on the current market price. 2. Sell below Support (1). Targets: 1....
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 139.500 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 139.500 resistance zone. Trade safe, Joe.
GBPJPY - Intraday Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We have a 61.8% Fibonacci pullback level of 182.27 from 184.01 to...
NZDJPY - 24h expiry - We look to Sell at 88.80 (stop at 89.30) Broken out of the channel formation to the downside. Further downside is expected. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 88.00 will confirm the bearish momentum....
CADJPY reached the MA50 (1d) for the first time since May 4th. The pattern is a Channel Up and this correction since its top, still has room to go before bottoming. Trading Plan: 1. Sell on the current market price. 2. Buy at the bottom of the Channel Up and above the MA100 (1d) at 102.550. 3. Sell if the MA200 (1d) breaks. Targets: 1. 102.550 (bottom of the...
USDJPY is currently in a 5 wave impulse for wave A. We are now looking for Wave 4 correction. In Elliott Wave Theory, Wave 4 tends to retrace to the 38.2 fibonacci. We expect wave 4 to start now and finish end of July at which point we'll look for a reversal for wave 5. Trade Idea: - Enter on lower timeframe trendline break, BOS - Stops above highs after...
EURJPY H8 We keep following both EJ and GJ together because of the correlation, EJ seems to be leading the way for the moment, which is attractive thus far, as we hope it paves the path for GJ to follow suit. The zone similar to our 180.00 handle on GJ has broken here on EJ. Which is promising for the expectation of more downside.
USD/JPY has been playing nicely with our analysis of late, having rallied to 145 and close the 300-pip liquidity gap we warned of before accelerating lower this week in line with our bearish bias. But given levels of support nearby and a few metrics on hand, bears may want to be cautious around current levels. USD/JPY is trying to close lower for a fifth day...
NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90) Broken out of the channel formation to the downside. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 86.75 will confirm the bearish momentum. Our profit targets will be 86.50 and 86.25 Resistance: 87.00...
CHFJPY reached the top of the 1 year Channel Up by exceeding the 2.618 Fibonacci extension and as the 1W technicals turned overbought the last two weeks (RSI = 69.506, MACD = 3.780, ADX = 64.451), it is an indication that we should start selling. During the previous long term correction (September 14th - January 13th) inside this Channel Up, the price had a...
Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 154.800 zone, EURJPY is approaching a signification support line around the 154.800 demand area. Trade safe, Joe.