Yesterday was dramatic movement ! because I was looking Long yesterday morning, participated in attacking higher. of course, I didn't think even fall so. hahaha.. I participated in decline after it updates the lows. I think flow may change. because, Buyer of "Higher-Price" would have been cut by decline of yesterday. and it reached Buy Zone of Daily-Level....
Good Morning. Tokyo-Market this morning,Took over the flow of to Oceania from NY closed, and touched 107.40 of "Turning-Point" by buyer leading. As I wrote in the idea of yesterday, 107.40 is "Key-Price",and was suppressed now. If movement of breaking this point come out ,I keep up on buying. Okay, I will reconsider the movement of yesterday. As I wrote...
Short if 107 holds and price action remains in the channel. Price likely to move back to the first support level. However, a break through the channel could see upside to 107.37. The dollar and S&P seen a bounce after sharp declines, but this is likely to be short lived. Outlook til the end of the week.
We already got major trend change for NZD/JPY but we are only waiting for good entry!! We may not reach previous structure for entry but we will have to entry earlier after breakdown of retracment up to EMA 36. Using heikin ashi candles helps us that so after breakdown of retracment i will short it defnitely. Resons for trend change are already written on the...
Yesterday,rebound from "BuyZone-D" and suppressed in the neck. And attacked low, closed under 107. From the fact that it was closed at the hidden-line firmly in Daily, I think biase of today downward. Since a strategy of looking that not fill previous the hidden-line in 4-Hours, If exceed 107.40 / 50 level, I doubt "return" once. The movement of yesterday to...
I think as follows. It is not "Turn of Buying" by looking at Weekly. but... there is a possibility the buyer is waiting at 107.40-00. It is said many times, but I prepare for the movement of short-covering. Recovery-High of decline is 108.73 / 75. After breaking there, it's not too late that I switch to buy. Because it has been resistance twice in...
so I wrote in the morning, SellZone-E became the Resistance again. I was hoping motion of exceeding , but Buyer don't have strong power yet. Breakin SellZone-E would be probably trigger. unless key point (upside or downsaide) is broken , I don't take trade today. Because, I do not know.
I want to refer to the "RELATED IDEAS". Yesterday's movement was very easy. Because broke "SellZone-C" on the short-term, I thought "BuyZone-D" would be support. However, the movement (Important-Movement Z) that was suppressed in "SellZone-B" of the upper level and eventually Buyer loses becomes important. From the history of the above, I draw "SellZone-E". I...
Friends, There is a Wolfe Waves ("WW") pattern that just completed at its 5-prime (5') position in the 60-minunte chart - Despite the significant decline from Point-2 of this pattern, the predictive/forecasting model remains BULLISH. WOLFE WAVES-BASED TARGET: As this pattern develop, and if indeed there was ever a solid base to be had at Point-5', then I...
The USDJPY is presenting a short setup as seen in this weekly chart where the RSI and Stochastics are both rolling over from overbought levels. The MACD blue line is also flattening, with the MACD histogram finally falling for the first time this week in its current rally. Equally importantly is how the USDJPY has just been rejected at the ascending wedge...
Yesterday, broke the Support and lows as expected. because it fell below the low of 108.00, Note a wave of decline is larger. From the above, I put in my head larger rebound. in that case, Selling point is Resistance-B. If exceed there, there is room to Resistance-C. If rebound there, I waits for a short-term collapse. Also, I draw the Support-D in the...
If we confirm with price action in this area this should be a nice quick buy, however keep in mind the near term trend is down so look to breakeven fairly quickly at the first target area.
Environmental recognition of current. Yesterday, was suppressed in "Resistance-A", fell to "Support-B". At this decline, movement of interest is a "Movement-I". In response to this movement, "Resistance-C" has occurred. In the short term, there is "Resistance-D". If exceeding here, I think that the probability of being suppressed by "109.14 / 15 ~...
look short on short-term,but I will change to "Long" by going higher. First, there is the fact that broke the push-lows. Are rising strongly momentum now, but can not be ignored the above facts. Currently, I judge that have been struck by Resistance Zone. Points buying on dips for this rising are two blue zones. if "A-Zone" was cracked , decline would...
This pair can only go 2 directions UP or Down. Support and resistance levels are @109.29 and @108.64. Depending on market open price the direction will be established. 30 pips on long position OR 35 on short position.
'On last Thursday, Kuroda met with Prime Minister Shinzo Abe and assured him that he would do more if needed, especially if the BOJ is still failing to meet its 2 percent inflation target. "Should conditions emerge where the target becomes difficult to meet, we are ready to make without hesitation adjustments to policy, additional easing or whatever," Kuroda told...
Measured moves shown on chart. If 71 holds then 78.50 and 82.50 are next upside targets
The yen has bounced of the resistance area we pointed out in the past few days. The strong resistance along with bearish divergence gave us a good signal for entry. We are currently continuing to hold this post ECB to see if it will break and close below the blue line at 136.32. A break and close below this line would help sign some more downside. BE CAUTIOUS!...