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
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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
Let's stay watching because where price currently is (190.90) is a level to watch. We close below here, have a rejection, confirmation candles then we know we are looking to stay going down. 1hr has already given us 1 confluence, we need 3 before we enter. It is forming a second one but has not confirmed it yet. RISKY TRADE IDEA, enter the market with sells...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 190.501 Why we like it: There is a pullback support level Stop Loss: 189.595 Why we like it: There is an ovelap support that sits below the 61.8% Fibonacci retracement level Take Profit: 191.892 Why we like it: There is a...
We are still holding and waiting before actually placing this order. We need more confirmation, especially that of high volatility and high impulsive energy before we are certain. Wait for the break of the current channel. Waiting for retest Enter - Those are the rules for this idea before we even enter. It looks tempting and a break of 151.200 looks like the...
If you had taken the trade idea early you would be stopped out. Momentum is slow 191.57 we had a double rejection (Double Top) Don't be bias and stick to a direction, stick to market movement and direction. Wait for the close of the next hour and candlestick confirmation (Evening star, dojis, rejections) in order to determine whether we are stay up or faking...
The hedge fund industry's short weakness on the yen is creating a fantastic opportunity for us to long USDJPY! As the Bank of Japan prepares to raise rates, now is the perfect time to capitalize on this trend and potentially make some significant profits. The recent weakness in hedge fund shorts on the yen has created a favorable environment for us to take...
GBPJPY Makes a bat harmonic, after the recent massive climb, now is the time to potentially think about longing GJ towards 195 with some TP along the way, JPYX Broke the low and is now retesting, in theory its time for GJ to rip again next week, as always manage your risk and trade safely, we believe in 100 trades not 1. Enjoy the weekend