.236 has been hit on this daily timeframe Similar downward patterns have formed on this timeframe The prior .236 touch hit and resulted in a bullish rebound Will this touch be the same or different? Price could either result in a rebound or trend bearishly down the second diagonal red line
Time Frame: 4H Symbol: JPYUSD Entry: 0.007405 TP: 0.007222 SL: 0.007528 Bias: Short We plan a short trading set up from the current price context . The trend is bearish and the trend will continue to remain bearish for next week or so.
Time Frame: 4H Symbol: JPYUSD Bias: Neutral We do not see any high probability set up for this pair. Considering the current price context , the trend is bearish but it is not yet tradable.
Time Frame: 4H Symbol: JPYUSD Entry: 0.007332 TP: 0.007126 SL: 0.007514 Bias: Short Though the price pattern is showing a low volatile ranging condition, there is a possibility of entering a short opportunity. Our decision is purely guided by historical price action study. So any major fundamental factor can have a massive influence to break out of this zone.
Time Frame: 4H Symbol: JPYUSD Entry: 0.007355 TP: 0.007136 SL: 0.007502 Bias: Short The price is dropping slowly and opening up doors for shorting opportunity. The strength of dollar against yen will prevail and create a new shorting opportunity.
Time Frame: 4H Symbol: JPYUSD Entry: 0.007388 TP: 0.007181 SL: 0.007578 Bias: Short For this instrument we are planning short and our bias is supported by the recent study of dynamic price resistance .
Time Frame: 4H Symbol: JPYUSD Entry: 0.007394 TP: 0.007180 SL: 0.007591 Bias: Short We plan a short entry for this instrument. Because of dynamic resistance, there is a greater shorting possibility.
Time Frame: 4H Symbol: JPYUSD Bias: Neutral We are neutral for this instrument. We think the pair needs to wait before jumping to any directional spree.
Time Frame: 4H Symbol: JPYUSD Entry: 0.007341 TP: 0.007149 SL: 0.007505 Bias: Short The price story of this instrument reveals that the pair has an ambience of make the price drop . The price level will drop creating a beautiful shorting opportunity.
Time Frame: 4H Symbol: JPYUSD Bias: Neutral We do not see any specific directional bias for this instrument. We have to keep eye on the volatility and momentum of this pair till we get a rational entry bias.
Time Frame: 4H Symbol: JPYUSD Bias: Neutral It is obvious that the strength of JPY is rising against dollar. The outcome is obvious that the pair will have some hard time moving strongly in either direction. So our bias is neutral.
Time Frame: 4H Symbol: JPYUSD Bias: Neutral There is no directional bias and signal for this instrument. We are to wait for a better signal opportunity.
Time Frame: 4H Symbol: JPYUSD Bias: Neutral We do not see any strong boost or slide for this instrument. As both instrument is going through a steady time, it is difficult to get a sudden drop from the current level. So we do not see any bias for this pair.
Time Frame: 4H Symbol: JPYUSD Entry: 0.007434 TP: 0.007192 SL: 0.007643 Bias: Short The way is clear that the price level will go down further creating a better selling opportunity. It is difficult at this situation to keep pace with dollar and therefore the major bias will be bearish and which will have some promise to create some short opportunities.
Time Frame: 4H Symbol: JPYUSD Entry: 0.007440 TP: 0.007197 SL: 0.007644 Bias: Short The pair has already set a bearish bias for the current price movement direction. It is supported by the strength of dollar and weakness of this instrument. Our goal is to ride with the current trend.
Time Frame: 4H Symbol: JPYUSD Entry: 0.007469 TP: 0.007264 SL: 0.007623 Bias: Short The pair is bearish . If we think about going short for a week or two ,this pair can be a good candidate. But for a short term trading, it is not a good choice.
Time Frame: 4H Symbol: JPYUSD Bias: Neutral In the short term we do not have any strong directional bias for this instrument though in the long term the pair is bearish. Our bias remains neutral for the time being.
Time Frame: 4H Symbol: JPYUSD Entry: 0.007483 TP: 0.007085 SL: 0.007772 Bias: Short The pair is trending down. If we look at the current price and its propensity to move downwards ,it becomes explicit that the pair has potential to go down creating a short opportunity.