Hello, Friends!
USD/JPY appeared on my radar today
With the recent news and corresponding price action
Making me bearish on the pair
Therefore, a move down is to be expected
SELL!
✅LIKE AND COMMENT MY IDEAS✅
We argued in last week's ‘Traders’ week ahead playbook’ that with an unwavering focus on inflation Fed officials may look to push back on easier financial conditions. So, while the technicals pointed to further upside, from a tactical perceptive, we could see headwinds to risky assets. What transpired was that various Fed members, even well-known doves such as...
AUDJPY is showing us a really nice flat correction.
A flat correction consists of 3 major waves, which is broken down into 3(A) 3(A) C(5).
We are currently in C wave, subwave 4. Expecting subwave 5 soon.
Trade Idea:
- Watch for breakdown of subwave 4 correction
- Entry after break of red trendline
- Stops above the highs of the correction
- Targets: 90.5...
Hey traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 134,5 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USDJPY – SPOT: Inside Bar Pattern Breaks Higher
Price Action: Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading this breakout of this pattern in the August 5th members' daily newsletter).
Price moved higher from the Bullish Tailed Bar Signal that had formed early last week (We suggested trading this signal in the...
GBP
FUNDAMENTAL OUTLOOK: WEAK BEARISH
BASELINE
The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession...
USD
FUNDAMENTAL OUTLOOK: BULLISH
BASELINE
With headline inflation >9%, the Fed has been pressured to tighten policy aggressively, hiking rates by 75bsp at their July meeting, and continuing with Quantitative Tightening. However, as a result of increasing fears of a growth slowdown (as evidenced by recent econ data), the Fed confirmed a more data-dependent...
A possible shorting opportunity on Gold down towards our buying zone. On the smaller timeframe, Gold has completed a 5 wave move, so I am now expecting a pullback down towards 1746 in order for market to fill the imbalance.
Drop a like and follow if you agree, or do let me know what you think!
With no mistake, USDJPY is on a Bullish Trend, but that doesn't mean we can't look for a counter-trend trading opportunity. We have a Bearish Crab Pattern completing at 135.58 on the 1hourly chart.
On the 4-hourly chart, there is a potential Bearish Bat Pattern that has the potential of completing at 136.59.
Knowing that this is a counter-trend setup, a...
USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are back to bullish on all timeframes for UJ. Last week we saw the 4hour transition back to bullish after rejecting our 133.000 zone.
Going into this week we’re looking for a significant higher low to enter long on.
Trade scenario 2: For us to consider UJ...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
After rising to complete a 3-wave corrective structure, the pair may face a known supply area and when validated, will be heading for a new lower low to complete the 1st impulsive wave A.
This is my outlook for this pair . I provide 2 alternative scenarios on the means of probability . I usually take my trades based on these probabilities .
The USDJPY has been on a robust bullish momentum since the beginning of the year and despite the breakdown of the trend structure; the extremely positive jobs numbers from the NFP make it more likely the trend isn't over yet. In this video, I have exp [lained what my expectations are this week.
Risk Disclaimer:
Margin trading in the foreign exchange market...
The Non-Farm Payrolls (NFP) for July 2022 surprised many as it reported that the US economy added 528,000 jobs, more than twice the consensus forecast. Total NFP employment has now returned to the pre-pandemic level, when 20 million jobs were lost.
At the same time, the US Unemployment Rate decreased to 3.5%, the lowest rate since February 2020. Additionally, US...
Price pushed above trendline on Friday following the Nonfarm Payrolls report which was 528,000 beating the 250,000 expectation (previously 372,000). Unemployment rate was also lower @ 3.5% from 3.6% previously. Average hourly earnings came in @ 0.5% which was expected to be 0.3% (previously 0.4%) which kept the YoY rate unchanged @ 5.2% rather than the expected...
Bullish divergence appearing on USDJPY. Yen should appreciate, hit some resistance then continue up to around the $140 level. Also Japan is geographically closer to China which has been acting erratically in terms of military action. China is also Japans largest trading partner so they would be hit hard by war in western pacific, moreso than US.
