DAILY
151.20 this is our ceiling and we are fighting to breakthrough this price. If we do, then we having a cool time. Yet look out for the drop should the dollar index decide otherwise.
4H
151.70, we are bouncing here and this is supporting our push to the upside. It still is not enough for us to place trades (longs), we just wait for more...
I made a big error that I had not seen till it picked up. I had placed the trade on UJ instead of GJ🤣🤣🤣🤣🤣. So now I'm watching this hit my TP and holding a possible loss.
DAILY
We heading back up to 193.50 and we just need to watch how it goes there.
4H
191.30 was the support we needed to keep going and here we currently are.
1H
191.20 is now the support we...
DAILY
152.10 is our strong ceiling and we are playing around here so we can be looking out for possible trades.
4H
NFP gave us the push we needed after being stuck for quite some time and we were forecasting in the same direction. So this week we can look out for trades.
1H
We'll first wait for the 152.00 touch and rejection / breakthrough.
15Min
151.80, should...
USDJPY H8
We were following USDJPY last week and this was something that unfolded nicely for us after a little bit of patience, profit was taken, risk was mitigated and we pushed back to entry following a stronger dollar during the NFP event on Friday.
We are now pushing to the extreme levels of our major resistance price. Slightly south of 152 for the moment....
DAILY
Still expanding the current wedge we are in. Peaking at 193.50, which could either be our ceiling this week or our target before heading up to 193.60
4H
We are still in a small pullback flag, so the assumption stays that long term we are bullish but no commitment as of yet.
1H
We either going to bounce on 191.30 or we are going to get rejected at 192.00,...
NZDJPY / 1D
Greetings, traders! Welcome back to another market analysis.
The NZDJPY pair has been following a bullish trend, with the price indicating signs of strength in the last week. This breakout suggests the possibility of further upward movement. I intend to consider entering positions at lower prices following confirmation of the lower time frame during...
The forecast went in the direction of the market. Which shows that we working and getting better and the edge getting sharper.
DAILY
We finally broke out of the consolidation and chose a direction (short). Bouncing off 150.80, with the current candle now pushing upwards. We have slight direction as to what we are doing.
4H
Bull channel and we hit the bottom of...
We did well on the trade. Now rinse and repeat.
DAILY
Broke down below 191.24 and closed there. We are currently forming a reversal candlestick, the next candlestick will give us direction.
4H
We are trying to reverse from the drop that happened. Bouncing off 190.80, and we still pushing up. We still in the middle of a bear channel reversal, so we are waiting...
DAILY
All we have is consolidation and reversal candles with no definitive pattern. Yet they are pushing upwards, tomorrow we will get the correct direction.
4H
Inverse H&S and we still struggling to break the neckline of the pattern, therefore we have no guarantee that we are going up. We broke it but came right back and have been struggling to break it...
We did well and got both our trades hit our exit point. Now rinse and repeat
DAILY
Broke through a resistance level and started creating new highs, plus our ascend was very impulsive and engulfed the bears in the market. Indicating we are pushing up and fighting bears now.
4H
191.24, the support price I will believe will give us further signs to look for longs...
UPDATE
4H
We are still consolidating and this is not the time to enter but rather the time to wait for a breakout of either direction.
1H
We are in the middle of a channel but we are consolidating. If we follow the possible formation of the channel we expect a bull run to 152.20 which will be a break of the highs and a point to look for trades to...
Update
4H
We have been moving up. 190.550 was and still is our current support.
15Min
The reversal candles we just had showed us extra opportunities. The RR is just shy of our ideal RR, hence the SL (190.65) is tight, but the TP (191.25) is the same as the previous trade.
The yen has appreciated recently after the Bank of Japan intervened in the currency market. This is a significant development with potential implications for the foreign exchange market.
Considering Going Long on JPY?
A stronger yen could be an attractive opportunity for traders looking to go long on the currency. However, it's important to conduct thorough...
WEEKLY
Previous candlestick confirmation were 2 bullish engulfing candles which gave us bullish movement.
DAILY
152.100 our rejection level, even got a reversal candlestick right on it but we will wait for the next few candles. Rather an immediate breakout either up or down, we have consolidation.
4H
It's just more consolidation, up and down, averages no...
WEEKLY
Spinning tops at the current price (190.60), therefore we wait.
DAILY
190.00 looks to be the rejecting price, we are moving up.
4H
190.60 is a strong level we bounced of and had candlestick confirmation to the upside.
1H
191.30 is where we are anticipating
15min
190.40 was our resistance and turned into our support
Welcome back! Let me know your thoughts in the comments!
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We are still waiting for the move. This rejection of the price 151.50 is an indication that price is being squeezed. We can therefore anticipate an impulsive more.
Third touch and rejection of 151.80 (1st confluence)
Engulfing of the previous candles(2nd confluence)
Impulsive break of previous low (3rd confluence)
I see no reason to hold back.
Trade Idea : Sell Stop (waiting for rejection and continuation)
SL - 151.35
Entry - 151.05
TP - 150.05
