Hello traders i like to trade this currency pairs on a bigger time frame to catch massive pips .gbpjpy is setting for nice sell movement as you can see we have a confirmed trendline we mix it up with zone to have confluence this is a nice setup wait for 4 hr candle to close to confirm gbpjpy want to sell let me know what you think in the comment
Hey Traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 92 zone, AUDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 92 support and resistance zone. Trade safe, Joe.
EURJPY managed to break the uptrend line in the 🔴heavy resistance zone🔴 with a breakout candle. EURJPY is currently pulling back to the uptrend line. I expect EURJPY to break down to at least the 🟢support zone🟢. Also, I shared a short position with RR=2.86 with you, but be sure to trade according to your own strategy, and don't forget capital...
Japanese yen strength over time. While the yen underperformed during the global monetary tightening phase, in our view, the currency has scope to outperform later this year. We now believe the BoJ will take advantage of a tactical opportunity to further tweak its policy settings in Q4-2023 to further normalize the government bond market. Such a policy move adds...
CSDJPY is on the rising Channel of its medium term Channel Up, rebounding on the 1D MA50. The 1D technicals are neutral (RSI = 53.031, MACD = 0.270, ADX = 28.072) and that always favors technically the dominant trend. So as long as the price is inside the rising Channel, our target will be the 1D MA200 (TP = 101.350). If a candle closes under the rising Channel...
Today's trade on GBPJPY is a SELL. Following yesterday's bearish price action, we may continue to see more selling pressure to our target level of 167.65 level. Using the PIVOT POINTS, our trade entry is at 169.618 level, which is today's main pivot.... for a 4:1 reward to risk. Goodluck! ~Happy Trading, Cheers! 💰
Hello Traders around the world. My name is Alexandre Karim & today we will be talking about the positions that I took on EURJPY. As you can see in the picture, the price reached a mass psychological level then started to form an ascending correction by moving slightly sideways. I was waiting for a reversal pattern to happen for a short position first entry &...
The NZDJPY pair has been on a strong rebound ever since the April 26 hit on the 1W MA100 (red trend-line), which has been the major long-term Support. Even though it got rejected on the 85.265 Resistance, as long as the 1D MA50 (blue trend-line) holds, we will be bullish targeting the bottom of the Resistance Zone at 86.500. The 1W RSI is printing a pattern...
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 148.200 zone, EURJPY was trading in an uptrend and successfully managed to break it out. Currently EURJPY is in a correction phase so we will be watching a potential retrace of the trend from 148.200 supply and demand zone towards more lows as JPY is considered a safe...
NZDJPY is currently in an an ABC correction. We have seen wave A, which was a leading diagonal and now completing wave B. We want to catch wave C which is marked out by the arrow. Trade Idea: - Watch for a break of the red trendline for confirmation - Enter with stops below price - Targets: 83.5 (350pips), 85 (500pips) Goodluck and as always, trade safe!
NZDJPY - 24h expiry - We look to Buy at 83.65 (stop at 83.25) Previous support located at 84.00. Previous resistance located at 84.25. There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 84.65 and 84.85 Resistance:...
Traders and Investors, Overall on the monthly and weekly time frame, it is still bullish although it fell down from the 150 level. Once this sort of thing happens, it is natural for the price action to revisit areas around previous highs to form a W pattern. USDJPY created a double top this week and fell down. now we are watching a few zones and the trend lines...
CHFJPY is trading in a long-term bullish trend. Last week, the price managed to violate a key weekly resistance cluster 148.0 - 151.5. The broken structure turned into a demand zone now. The pair is currently retesting the broken structure. I will expect the accumulation of buying volumes within that and a bullish continuation to 156.1. ❤️Please, support my...
Hey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 84.300 zone, NZDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 84.300 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 89.800 zone, AUDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 89.800 Resistance zone. Trade safe, Joe.
Details on chart - looking to play short term sells after FUD holding more weight in the markets
Analysis shows that the downtrend's anchor has been broken. To begin, it is essential to recognize that the downtrend anchor is an important indicator of market trends. Its success reveals a bearish mood in the market and suggests that the current downtrend may continue. Regardless of the confirmation, investors should proceed with caution and carefully assess...
NZDJPY - 24h expiry Previous support located at 84.25. Previous resistance located at 84.50. We have a 38.2% Fibonacci pullback level of 81.50 from 85.50 to 84.00. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 84.50 will confirm the bullish momentum. We look to Buy at 84.00 (stop at 83.60)...