The UK continues to be front and centre of a lot of the market’s attention as Kwarteng’s fiscal package and the landscape of future policy strategies start to slowly unravel. Obviously, yesterday started with the u-turn on the scrapping of the top tier of income tax which, given its cost was only £2bn, was small fry in the overall scheme of things but the u-turn...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for USDJPY
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
As you can see, after reaching $1700, the price showed an initial negative reaction and corrected down to $1695; But the next scenario, which was a bigger drop, did not happen and the price from $1695 managed to break its resistance and grow up to $1713! The next resistance levels are $1720, $1724 and $1730 respectively! Important Institutional Support (IS) is in...
✅USDJPY is still moving around the resistance level.
The price is accumulating and the momentum can be in any direction.
I expect a downward momentum.✅
🚀 SELL scenario: short to 140.67.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
If you check previous analysis on USDJPY, I highlighted the low that had to be broken to reverse the price, that happened!
Change of character and then break of structure happened in USDJPY.
Remember that when BOS or CHoCH happens, supply or demand zone is automatically created on the other side.
Supply has created that CHoCH and BOS so we can expect another...
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz ...
Please follow your strategy,
, this is just my idea
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You missed out on the Gold bottom & didn't get into buys? Here's your chance to get in on the retracement. I am targeting 1684 on Gold. This here is a HEDGE trade against our buys. A counter trend trade like this is always risky, so use strict risk management & enjoy📈
Drop a follow for more free analysis!
Williams was the highlight yesterday and had some interesting viewpoints. Certainly hawkish when saying that “lower commodity prices and receding supply chain issues will not be enough by themselves to bring inflation back to our 2% objective”. He sees inflation at 3% by the end of next year with unemployment at 4.5% in the same timeline. He did however give a nod...
The range was formed and confirmed after the first two range expansions which would have stopped both the bulls and bears out who were short-term holders.
Since then we have traded within the range and once again expanded the range.
Whilst price is below the Weekly open, I am looking for reasons to get short.
USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
You missed out on the Gold bottom & didn't get into buys? Here's your chance to get in on the retracement. I am targeting 1684 on Gold . This here is a HEDGE trade against our buys. A counter trend trade like this is always risky, so use strict risk management & enjoy📈
Don't miss out again... Drop me a follow for more free analysis and opportunities✅
Seems like the current 1 hour candle was a wick hunt & liquidity grab, as Gold is dropping back down now. I am short again on Gold & targeting 1684. Potential 300 PIPS profit with 70 PIPS risk📈 If this short analysis gets invalidated, I will not open any more sell positions till tomorrow, against my current buys.
Next shorting opportunity will be around...
EURJPY analysis:
Due to the downward trend in the one-hour time frame, we can expect the price to move downward. Please stick to the stop.
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price: 143.800
sl: 144.900
tp1: 138.900
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👤 Alireza hajighasem : @alirezahajighasem
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📅 10.4.2022
Please follow your strategy,
, this is just my idea
.🙌Please do not forget the ' like' button & Share it with your friends
.✍ I will be glad to see your ideas in this post
.🧲Follow me to see more analysis
