Hello Traders, The Chart is dirty i know, but bear with me. The week has been good for the Dollar. First, from a fundamental point of view, Flash Manufacturing PMI came out Positive. Consumer Confidence also came out quite positive for the dollar. On Wednesday, The Fed raised the interest rate also strengthening the dollar which has resulted in the uptrend we...
USDJPY, i am expecting an up move because it has to meet its daily POI, but it has also Choch to down side there are two point for down move as explained in chart
On the hourly chart the trend started on July 21(linear regression channel). There is a high probability of profit taking. Possible take profit level is 140.36 But we should not forget about SL = 141.99. Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelieveInTrading
☑️ Broke the structure on the D1 timeframe If we break the red level, the analysis becomes invalid🙅♂️ Let's make some money 🙌💪
Here is my analysis for USDJPY on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
S&P500 futures have recorded significant gains in London, indicating a more relaxed risk-off sentiment. On Wednesday, US equities experienced substantial selling pressure, primarily due to a sharp decline in technology stocks. Investors are being cautious as they anticipate that tech-savvy companies may continue to struggle due to the Federal Reserve's decision to...
Hi Traders! There is a potential bull flag opportunity here on the USDJPY 2H chart. The market has been trading with bullish momentum over the past couple of days, and we have drawn the flag pole to show the big bullish momentum wave along with the flag consolidation. What we are looking for in this setup is first a support hold of 141.220 and then a break and...
USDJPY's journey is in accordance with last week's analysis where the price was stuck in the support area and now it is corrected and enters the fibo 0.382 area. If you look at the close of this week and a fairly strong bullish candle is formed, and the price pattern is lined up on a curved line, it is likely that strong bullish will still dominate after this.
USDJPY, is currently retracing since we had a massive drop price was expected fill up the liquidity voided area. Our current view on USDJPY remain bearish on daily timeframe.
I normally don't trade UJ however for the benefit of those who do, thanks to a friend's request to take a look and share my thoughts, here is what I would normally look for, a break above the 139.134 zone and a retest of same area, will set the pair up for a nice long position. A break below the 137.296 area and its retest, will set the pair up for a short. For...
The USD/JPY pair is currently holding steady at around 139.20 during the Asian trading session, following a slight pullback from its weekly high near the 140.00 level on Wednesday. However, concerns regarding China's economic slowdown, worsening US-China relations, and geopolitical tensions may provide support for the safe-haven Japanese Yen (JPY), which could...
Here is my analysis for USDJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hi Traders! USDJPY has found support at the midpoint of the long-term impulse wave and is targeting a retest of the 140.000 resistance level. On the 1D chart, we have highlighted the long-term impulse wave from March 2023. We then found resistance at the 145.073 level and had a retracement wave to the midpoint of the impulse wave. The RSI reading also supports...
today the movement of this pair looks bullish after the market structure has made a new HH. still in accordance with the previous analysis, the target price is at fibo 0.382
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
S&P500 futures have experienced some losses in Europe, indicating a cautious market sentiment. The ongoing second-quarter result season is expected to pose challenges for US equities. Investors will be closely monitoring the performance of banking and technology stocks as the Federal Reserve's higher interest rates are causing a slowdown in economic...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
for two weeks experienced a deep bearish as far as 700pips, this pair is positively included in the bearish trend. at the end of the week there was a correction which if we pull the fibo retracement until the end of the week still reaches the level of 0.786, I estimate this correction can reach the level of 0.382.