AUD/JPY: +200 pips
This trade has hit our downside targets of 74 and 75. We've now closed the remainder of this position at 74. (+200 pips). Overall, this trade had NO drawdown, and was a great example of the trades we take every week; there's no point when 1 RIGHT position can earn us +5% in one trade while day traders are struggling with their 20 pip daily...
Japanese pairs seem to be quite bullish now, UJ failed to rise last week despite strong breakout on DXY
I'm anticipating a huge drop in the long term to around 104 especially with the SHS formation
Entry level - 110.3
TP1 - 108
TP2 - 104
SL - 110.7
ChfJpy Daily chart - I see price trading in a bullish wedge/flag consolidation pattern on daily chart but the main trend is bullish so I am anticipating a break out and a bullish impulsive move on this pair over the coming weeks.
So currently I entered in this trade long.
-stop los and tp is shown
-my entry is shown
I entered bc:
- hit fib projection
- hit pitchfork line twice ( outside line twice)
- higher close 15min
lets see what happens from here
Trading at 111.990.
Hovering between 112.200 and 111.900. A close above either of these levels will be an ideal signal as to where we could be heading over the week beginning 25.09.17.
A close below 111.960 will mean a retracement towards 50.0 Fib Level (111.00)
A close above 111.200 will see buyers target 112.600 -...
Several Yen pairs have formed inside bars which may suggest a reversal of the trend. However, some are already on the decline like my previous trade analysis: EURJPY.
With the 200sma few pips ahead, another ascending trend line for the pair is on play. What's more wonderful is that the trend line and the 200sma are overlapping which may suggest that this pair...
Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and...
At the end of the month I like to do some monthly candlestick analysis and look at how the month closed and to get a better feel for the longer term perspective.
Technically the yen looks poised for further gains since closing below the previous month's lows.
I use depending on the asset class the 10 EMA or 20 EMA on the Monthly Charts to...
The prospect of a likely victory of market friendly candidate in France (Macron) would redirect attention to ECB policy normalization and imply a bullish impact on EUR in the middle term. However a victory of Le Pen would drive to an signficant bearish impact on EUR in the short term and support the YEN, as this currency is a big beneficiary of risk aversion. The...
100 pip move to the north on UJ
FOR ALL OUR ANALYSIS, COMPETITIONS AND UPDATES GO AHEAD AND JOIN THE TRADING COMMUNITY FOR FREE! MUCH MORE TO COME!
Dominant bias: Bullish
As anticipated, price broke upwards 280 pips last week - ending the recent equilibrium phase and testing the supply level at 104.00 before correcting by 100 pips. Price closed below the...
It’s Saturday night here is Melbourne, Australia… The house is quiet, the kids and wife are asleep and I’ve just finished watching the Big Short (9/10 – Highly recommended). Now is the perfect time to analyze the charts.
We have another huge week coming up, and while the focus will be on David Cameron and his mates (GBP trades), let’s not forget that USD and JPY...