Very peculiar situation on AUDJPY. The market is trading within a falling parallel channel on a daily and approaching its resistance at the moment. Depending on the reaction of the price to that, I see 2 potential scenarios. Bullish If the price breaks and closes above the resistance of the channel, it may initiate a bullish continuation. Goals will be 93.7 /...
Trade Idea: Selling USDJPY Reasoning: Short term double top. Looking for lower prices. Entry Level: 135.42 Take Profit Level: 133.35 Stop Loss: 135.90 Risk/Reward: 4.36:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
1h OB filled, im in a shot right now. Market looks good for a huge sell off. Also we have 3 Asia ranges that have to get filled to the down side. The sell looks very clear and good. what do you guys think?
Price has broken above a minor resistance level and has retested it as support. Bullish pressure has shown up and price has plenty of room to rise to the next level of resistance. Here is the Play I will be taking on this pair: Entry = 144.802 Stop Loss = 144.376 Take Profit = 146.148
$EURJPY - Short term trade idea! We could break towards upside - key target areas noted.. Stick to your own trade plan! Have a great week ahead, Trade Journal Not a signal Provider or investment advice
Price broke out the resistance zone and it's heading to the support zone in which price has tested so many times, and price might head to the 140.780 zone, but note that the price zones listed on the short projector isn't valid as a limit order or stop order, but just to display where I want price to head to.
USDJPY is approaching a horizontal daily supply area. To short the market with a confirmation, watch a head & shoulders pattern on 4H. 135.95 - 136.35 is its horizontal neckline. Wait for its bearish breakout - 4h candle close below, then, sell aggressively or on a retest. Target will be 134.28 If the price sets a new high, the setup will be invalid. ❤️If...
EURJPY - Intraday - We look to Sell at 145.00 (stop at 145.80) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Previous resistance located at 144.58. The 200 day moving average should provide resistance at 144.95. The trend of lower highs is located at 146.13. This is negative for sentiment and the downtrend...
Trade Idea: Selling USDJPY Reasoning: Head and shoulders retest Entry Level: 136.35 Take Profit Level: 134.80 Stop Loss: 136.925 Risk/Reward: 2.71:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like...
Short opportunity developing, with an entry below @91.124. I've already entered this trade earlier, based off other factors. I am now looking to add to this trade if price closes below the above mentioned entry point.
The Japanese yen is weighed down by the weaker domestic data, showing an unexpected current account deficit and an economic contraction during the third quarter. The intraday uptick, however, lacks bullish conviction and runs out of steam near the 137.25 zone amid subdued US Dollar demand. Expectations that the Fed will slow the pace of its policy tightening cycle...
USDJPY - Intraday - We look to Sell at 138.16 (stop at 139.16) The rally was sold and the dip bought resulting in mild net losses yesterday. The medium term bias is neutral. Bespoke resistance is located at 138.16. A Fibonacci confluence area is located at 143.82. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our...
GBPJPY - Intraday - We look to Sell at 167.35 (stop at 168.30) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The 200 day moving average should provide resistance at 167.30. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look...
Ever since the Yen topped at 152.00, the downfall has continued in a synchronized fashion of lower lows and lower highs succinctly. Will this continue? Here in the chart a couple things to notice: - A continuous downtrend - Massive sell pressure arrived in 136.600 - 137.00 area making the Supply Area - This is the first time $USDJPY has tested this area on the...
USDJPY had the bears swarming Early New York . I’m seeing a reversal and a slight move up. Let’s see.
CADJPY seems to be heading toward DEMAND area.. I’m looking for it to return there and form some support to go for the buy.
EURJPY - Intraday - We look to Sell at 145.05 (stop at 145.85) Buying pressure from 143.17 resulted in prices rejecting the dip. The bias is still for lower levels and we look for any gains to be limited. The trend of lower highs is located at 146.14. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our...