GBPJPY has been in a steady climb since April 2020. Due to BOJ's monetary policy, we've seen JPY fall to its death. However, there's increasing pressure on BOJ to abandon their YCC policy and we may see that happen very soon. In the meantime, we can take advantage of the bleeding YEN by buying GBPJPY once more. We are at the absolute end of the bullish wave so we...
The price did a big drop After touching my weekly zone. For now im expecting For a slight retest Before continue drop Like a bad habit. Key level Red: sell
Looking for a new lower low, to continue the decline of GBPJPY There is a massive imbalance that the market will look to fill and that ties in nicely with the target for today. A risk of 1:2 on every trade means we don't need to even get 50% correct and still come out on top.
AUD/JPY is one of those currency pairs that can chop around for periods of time, then one day switches on the momentum. And I suspect the market has tipped its hand to a downside move with yesterday’s bearish candle. A resistance zone formed in April between 94.24 - 95.75 in April, where breaks above it have ultimately failed and the resistance zone gets...
- We can observe some interesting price action on this chart. - price rised from 163.0 demand zone and started making HHs. - Price started dropping with a strong impulsive movement after reaching 172.00> - We can see that price formed some equal low at 165.00, so we assume that this area has a huge liquidity. - As you see price did not retest on 163.00 forming...
HELLO ! ENTRY : 108.900 TP : 107.802 SL : 110.407 EXPIRE : 1 NOV 2022 ------------------------------ The reason for entering: 1.reducing the skewness 2.coefficient of the canal roof in 4 hours
This is the last update for the day on GJ, because you can manually close or watch it as it strokes the strength of your psychology by baby kissing the TP
For the sake of transparency, move your SL into profit. It still is NFP week so we put an even sharper eye on in order to calculate our moves. We move and we move and we move. Loss or Profit, same reaction. Your average trades in the end should still be in profit even if its R10. WE MISS 100% OF ALL THE CHANCES WE DON'T TAKE. I did not even take the trade🙈🙈 but I...
You can see the market direction, just a textbook pattern. So we will wait not only for the BREAK but also for the RETEST and the continuation.
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