Few minutes before now, on my way home we were in profit but as the market goes. We got stopped out, I'm glad it wasn't because of incorrect forecasting or stupid mistakes. It's because of the volatility which we factored in but didn't follow the rules of our plan when factored in (move SL into profit). Tomorrow is another Day☺️
The yen is still weak and facing selling pressure, and there is no tightening from the Central Bank of Japan to stop the yen's fall. After breaking the resistance level of 170.00, the price retraced and test the previous support area of 179, which I see as a good level to continue the bullish trend.
This is a very low probability but a high possibility. Do lookout for it and watch how the market reacts, also remember this week is NFP so volatility is going to be high. We are managers so we we follow our plans inline with our goals, so be strict and hold yourself accountable.
Manually closed. Not liking how the market is moving but those that are confident in the movement can hold on. I'm out and I'm going on about my day BUT I WILL STAY WATCHING, BECAUSE OF POSSIBILITIES
Manually closed. Not liking how the market is moving but those that are confident in the movement can hold on. I'm out and I'm going on about my day
Price is currently at a discount and approaching a 1H bullish orderblock. I would like to see those Equal Lows taken and for the Bullish orderblock to be traded into, before an expansion to the upside. The Low resistance liquidity would be my first initial target. Once price has filled my order, I would shout pairs XXX/JPY pairs after some displacement.
There are two bullish scenarios for The dollar yen breaking the trend line and going up and reversing to the zone and going up! But there is absolutely a bearish potential move for the pair too! Strong supply zone is around the the top up there. I'll put both sell and buy orders around the zones.
BUY on Close above 169.370 BUY TARGET 1=169..870 TARGET 2=170.150 SELL on Close below 168.820 SELL TARGET 1=168.450 TARGET 2=168.220
USDJPY dropped to a peculiar zone of confluence yesterday. We see a perfect intersection between a horizontal demand area and 0.5 retracement of the last bullish impulse. The price was nicely rejected and a doji candle was formed. On an hourly time frame, I spotted an ascending triangle formation. It confirms a highly probable bullish continuation. Goals:...
YES! The BoJ is expected to release its monetary policy report today, and all signs point to the BoJ maintaining its current stance. Keeping with the negative rates of -0.1%. The BoJ is the last major central bank yet to jump onto the interest rate hike path, diverging from the rest of the world. Releasing an unchanged monetary policy report at the last BoJ...
EURJPY Intraday - We look to Buy at 145.55 (stop at 144.70) Selling pressure from 147.70 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The reaction lower is negative, however, we view this as an opportunity to set longs in line with the overall bullish move higher. We therefore, prefer to fade into...
On Friday 21st October, the USDJPY had been climbing steadily, almost reaching the round number of 152.00. Then it reversed and spiked lower, from 151.50 reaching a low of 146.20. This move was very similar to what happened on the 22nd of September, when the USDJPY climbed above 145 and almost reached 146 before crashing down to 140.35. However, when the USDJPY...
AUDJPY Intraday - We look to Buy at 94.00 (stop at 93.45) Previous support located at 94.50. Previous resistance located at 95.00. We are trading within a Bullish Ascending Triangle formation. A move through 95.00 will confirm the bullish momentum. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 96.00 and 96.50...
Someone told me to post an update, I really didn't want to but here it is. It was learning the difference between probability and possibilty. SPEND MORE HOURS SHARPENING YOUR TOOLS SO YOU SPEND LESS TIME ON YOUR TASKS.
⚠️⚠️⚠️⚠️⚠️THESE WERE SET UP ALREADY BUT STILL NOT THE BEST OF IDEAS⚠️⚠️⚠️⚠️⚠️ Being that I am not mentally 100%, I do not recommend following. Due to the risk involved, rather than having 3-5 confluences there were only 2. Which is against my trading plan, so whatever happens I cannot be surprised. It is a teaching moment, I believe the market will breakout...
Hello traders, As it comes to CADJPY, I see that after the positive CAD news on Friday, this pair has been sold hard. I see a break of Trend line and support zone and I can see a Friday closure at retest price action. Perhaps the pair might go up for a bit, but this will indicate nice short opportunities to the previous support zones. Note: The Bank of Japan...
GBP – The pound rallied off session lows on Monday and gilts bounced, as former finance minister Rishi Sunak won the race to become the next prime minister, giving investors a greater sense of confidence in the robustness of Britain’s finances. JPY – Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight...