Prices poked through the /618 but didn't close, by all intensive purposes this pattern is valid.
Solid run by this pair today , looks overextended but still being propped up by oil , there are some levels around 118.20-118.70 that should hold & a short back down looks good . Could poke higher and mess up some stops Target 1 - 117.80 Target 2 - 117.50
Possible to develop inverted head and shoulders on daily. SL below head.
yen seems to be weaking, while do cross pair analysis, many xxxjpy has reached the demand level.
I am Very Bullish, We have a nice Bullish Engulfing Bar On Weekly with 116 acting as support. IMO, it is time for a rebound at least with 119.20 and 119.90 acting as resistance for the uptick move. News: Friday (We have BOJ) Level to watch: Support 118.45, 118 ,Resistance level 119.2, 120, 120.90
A zoom into the wave. Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
Pair is in a strong down trending channel, we look to sell the pullback at the top of the channel and around the 61.8 fib retracement level. The safe haven Yen continues to get stronger as markets fall and investors are in risk off mode.
Here we have some very simple USDJPY analysis. I have a bearish bias on this pair however due to price sitting at around support currently I have provided a long scenario target. As we can see from the analysis USDJPY has successfully broken below what was a Major Monthly Ascending Trendline. The short term trend is also bearish on this pair. Taking all this...
Some directions for Aussie/Yen. That was an easy trade for InsideMarket traders: Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS for a 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
USDJPY is testing dynamic support from min levels of 25.Nov-14.Dec. Although the barrier was broken for two times, it remains actual in line with daily S1 point 117.30. Test and rebound from the mentioned barrier would indicate USDJPY continuing move in the expanding triangle 117.30-121.50 targeting 119.20, static resistance line and 38.2% Fibo correction level to...
In preparing for this mornings training on IPDE and Trend Continaution vs. Trend Following vs. Countertrend trading, I found a handful of potential good looking structure based trades on the Yen crosses. In this particular example we have some beautiful harmonic movement (equal measured moves) heading into a resistance level. Thanks to that nasty wick at the top...
In my previous FXY chart, I detailed the weekly/monthly time at mode trend signals and with Tim West's help I noticed that the downtrend was expiring during August. After seeing the reaction to this event, I conclude that both FXE and FXY are reversing the longterm downtrend, judging by post pattern behavior after forming a clear bottom. This currently eludes...
The USD/JPY is selling through a big support zone , if it breaches 118.20 might be a large drop down . a break above 119 ish & it may retrace I'm thinking Short
USDJPY Bearish Cypher Pattern on 1 HR Chart.
Hello traders! I think USDJPY is going to reverse up in wave b (yellow). Entry 118.72 Target 121.50 Stop 118.00
As we know, today the market dropped incredibly in according to the Asian markets. We have been playing off the same trendline support for the past month and a half. Every time we come down into the region we form either an inverse head and shoulders or cup and handle as our reversal pattern. This time we formed a cup and handle pattern. Usually during reversals,...
...and the downward movement may continue. See 'Related Ideas' for the last analysis on this pair. INSIDEMARKET spotted this opportunity in Dec. 8th: Cheers! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype...
Break of the long term supports allow price to go further down. (CHECK 'RELATED IDEAS' FOR A BROADENED VIEW) INSIDEMARKET traders got the proper TRADE PLAN to perform it: Happy days! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private Message, Email...