Pending Short @ 112.80 Stop Loss @ 114.80 Target @ 105.50 RR Ratio @ 3.65 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Hi traders, As we opened a LONG again on gold.... of course we will open a SHORT on USDJPY. The same analysis applies here. Look up the related idea in the link below to see what all this is about. USDJPY SHORT: ENTRY : 108.60 SL : 109.456 TP 1 : 106.866 TP 2 : 105.631 Trade safe!
Hello Traders, Weekly Chart Scenario 1: (Normal conditions) > Price exactly at .618 > On 4H we have a nice buy setup. Scenario 2: (Risk conditions) > Hurricane Irma, N.Korea tension. > It may reach 0.786 level in worst case. > Wait until weekly candle shows bullish momentum. I rely on both technical and fundamental analysis and use my strategy to trade, you...
Morning outlook - USD/JPY confidently moves to north In result of the yesterday’s advance, the currency exchange rate managed to cross practically all barriers on its way. As a result, the only two obstacles that could prevent the further path to the north, except for the upper trend-line of a former descending channel near 110.42, are the weekly R2 at...
Hi traders! As our last entry for the week (for a total of 3 including this one) we are now up a little over 300 pips! Analysis of this pair is coming off what is happening everywhere else. DXY made yet another 12 month low Gold made yet another 3 month high This pair broke again support today Closing under our FIB drew a month ago approx We got confirmation...
Pending Short @ 109.60 Stop Loss @ 110.70 Target @ 107.95 RR Ratio @ 1.5 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Morning outlook - USD/JPY leaves falling wedge As it was expected, the currency rate continued to plunge in a falling wedge pattern, trying to reach the weekly S1 at 108.80. Due to existence of this pattern, a collective pressure from the 55-, 100- and 200-hour SMAs from the top and geopolitical tensions, the pair managed to reach this target. However,...
Morning outlook - USD/JPY slips on fears of Kim Jong-un Over the last couple of weeks, movement of the USD/JPY currency pair was strongly affected by news coming from the Korean peninsula. The same thing happened today as well. In result of a successful test of a hydrogen bomb, the Yen started to actively recover against the Greenback. These growing...
Morning outlook - USD/JPY falls as North Korean crisis escalates In result of a new ballistic missile test conducted by North Korea, the American Dollar lost 0.57% against the Japanese Yen just in two hours. Accordingly, in the first half of Tuesday the buck is expected to try to recover some of the lost value. However, even if it succeeds to break...
Pending Short @ 109.30 Stop Loss @ 109.95 TP1 @ 108.00 TP2 @ 107.50 RR Ratio @ 2.0 & 2.7 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Morning outlook - USD/JPY returns back to 108.82 Unfortunately for the buck, the assumption about an existence of a short-term ascending channel did not confirm, as the currency rate once again slipped to the monthly S1. A quite sharp fall indicated that the pair had a chance bypass this support level, but in the early Thursday morning the Greenback...
Morning outlook - USD/JPY heads towards 109.59 The USD/JPY exchange rate acted exactly as it was expected. Namely, it made the second attempt to break through the monthly S2 at 108.82, but failed. In result of a rebound, it broke through the upper boundary of a junior descending channel. At the moment, it is heading upwards towards a combined resistance...
We are looking at shorting the USDJPY from the Weekly Central Pivot Point on a show of weakness, and if that fails then we have a backup in the form of our Weekly M3 zone. This is a typical sell zone in a downtrend, and we also have a confluence of factors at play here. 110.00 even handle Weekly M3 sell zone Bearish Bat pattern completion Major structure...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Taking a look at the USDJPY daily chart you can see that the cycle suggests that the yen is at a buying point. Notice that when you pull up your cycle tool that you can measure the previous cycle and that it is about time to start looking for long setups with a target of the previous highs.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.