Just a matter of patience to see if we can test and retest the support zone thats acted as resistance support for many touches. If so ill be looking to enter shorts around that area.
Time for GJ to break current mild res and break towards the upside 139.800 first target 141.500 second target Here is a Daily view of the chart
Good morning traders today i am looking to go long on usdjpy based on price refusing to go below and i feel it has come to found a new support level. so price has respected the 105.200 level and i am am going to position my stop just below and then buy the retest after the break out of bear trend. remember traders trading is always reactive and not predictive.
EJ approaching some resistance , we should see a fall and retest of the downside , perfect ratio set up on this pair 1:4 upwards. Key support level also marked out on the chart we will see how it reacts to these levels
Looking at the possibility of a breakout continuation trade. 79.52 is the key level to watch for to see if price holds. As price pulls back to this level, I want to see how much it slows down. If it fails to make a significant breach below this level, it would be possible to buy into this pair.
Buy at 136.300. In the event of reversal, I see price retreating to 129.500 No fundamentals considered in this analysis. You're welcome!
I am at home. Looking to the JPYMYR chart. I have spotted the channel. This is not a regular channel. This is the 'clash channel'. Why 'clash channel' is so important to the chart? It is the collision of the demand and supply between Yen and Ringgit. Yen has slightly shaken off the momentum as this week. The demand to the Yen has fade bit by bit. On the other...
Hi guys, I hope you’re all keeping well. If you missed my previous post, then you can find it here: I have now closed out all sell trades & my buy orders have been triggered. The plan hasn’t changed as of yet & at this stage I’m expecting the longer term bullish trend from the previous few weeks to continue, after reaching the target of 0.618 (120.598)...
There is still a lot of room down from my last call on Nikkei Short from 20k levels, should see far lower. Watch the Y made by X.
From the 20000 levels is a good shorting opportunity on Nikkei down to 19000 levels or perhaps below. With a proper SL you can make good profit. Calculate the risk and manage your margin levels and you could make it.
EURJPY looks like it could be in an excellent position to make one more big move to the downside before reversing on the larger time frame. 🤔 Sit and wait for this market to move higher first before entering for another downside move. Where there are trapped buyers at the top will be a perfect place to sell. Watch for strength on the way back down breaking...
NZDUSD 1h tf bullish scenario targets are : 65.955 66.576
USD/JPY Weekly Downside Target - 15:01:41 (UTC) Wed Apr 15, 2020
agressive bullish trendline, next week im waiting GJ to touch 1.36.300