CAD/JPY is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 109.025 which is a pullback resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 109.800 which is a level that sits above the 78.6% Fibonacci projection level and a pullback resistance. Take profit is at...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 159.950 Why we like it: There is a pullback resistance that aligns close to the 161.8% Fibonacci extension level Stop Loss: 160.595 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci...
CAD/JPY is rising towards a pullback resistance and could potentially break off this level to climb higher. Buy entry is at 108.052 which is a potential breakout level. Stop loss is at 107.150 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 109.025 which is a swing-high resistance that aligns with...
The weekly chart shows a bullish engulfing candle formed last week, which marks 140.25 as an important swing low. Whilst we remain unconvinced the pair will simply break above 152, it does show the potential to extend its countertrend bounce. However, with the pair stalling beneath last week’s high ahead of a key US inflation report, the potential for a pullback...
Market has approached the 4H supply zone. Wait for the market to shift momentum in lower time frame, then go short. Happy Trading.
Another stop out. Inverse H&S so we were anticipating the uptrend. Watch and wait.
Stopped out. We watch and wait. Rejection of 184.15 - we anticipated to keep going up after the break and retest
GBP/JPY has just reacted off a pullback resistance and could potentially drop lower towards our take profit target. Entry: 184.180 Why we like it: There is a pullback resistance level Stop Loss: 185.087 Why we like it: There is a pullback resistance level Take Profit: 181.874 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci...
AUD/JPY is falling towards a pullback support and could potentially break under this level to drop lower. Sell entry is at 96.517 which is a potential breakout level. Stop loss is at 97.050 which is a level that sits above a pullback resistance. Take profit is at 95.836 which is a swing-low support that aligns close to the 78.6% Fibonacci projection level. ...
Beautiful entry and the timing is perfect. Stay watching 144.00. - break and close above will see impulses up to test previous highs - bounce and close will see the melt continue
We clearly have an early tendency, meaning we need more confluences before entering. Following the wave and awaiting a new entry chance in order to fully succeed here. Stay watching 183.5 - rejection candles and impulsive bearish candle means we keep sinking - break above, close and rejection above here we are moving up
Was about to put a buy limit at 183.45 but then I looked left and looked at what happens after price kisses 184.35. 4H - Movement up has a lot of traffic (candlesticks) - HH's & HL's * Evening star giving us that last touch - bounce on 183.5 is crucial point for next move - Close below 183.24, with a followed reject we know we are going down 1H * H&S - break of...
I have no reason to be bias but you can obviously see the appeal. 4H * High (146.00), tested twice *Low (140.200), triple bottom 1H * Trend = Bearish (Zoom Out) * Rejection of 146.00 * 1 more confluence and we place sell stops and market execution 15Min - just wait for market open and candlestick close - this trade is very profitable, inline with our plan -...
Welcome to 2024 Traders and Tradingview community. So far this week, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year. The JPY has also been seeing movement, but mainly to the downside into 2024. It's the majors that have caught our attention today as we...
NZD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 89.046 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 89.520 which is a level that aligns with the 50.0% Fibonacci retracement level and also sits above a pullback resistance. Take...
We were triggered and stopped out. Which is good news because we know exactly what it means for out support, that it is still valid. We should then be looking for buy entries, either from retests or reverse candlesticks.
This did not pan out the way we expected. But because we had sell stops and they weren't triggered we are still okay, now we wait for the move to the next level before we add or minus anything.
Is it going to be the same story again for the USDJPY? In 2022, the USDJPY climbed to reach just below 152 before turning down to the 128 support level. The similar price movement played out in 2023 as the USDJPY rose from the 128 support level to retest the 152 resistance level. The USDJPY has reversed down to the 140 price area (50% Fibonacci retracement...