CHF/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 170.195 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 169.906 Why we like it: There is a pullback support that lies underneath the 38.2% Fibonacci retracement...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 160.289 Why we like it: There is a pullback support level Stop Loss: 159.853 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Take Profit: 160.929 Why we like it: There is...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 185.656 which is a pullback support. Stop loss is at 184.350 which is a level that lies underneath a pullback support and the 100.0% Fibonacci projection level. Take profit is between 187.500 and 187.729 which is a pullback resistance that...
Waiting on a Mitigation on a 30m OB. We also have liquidity resting, that could lead price to rapidly move towards our Sell Limit
NZD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 90.252 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 90.713 Why we like it: There is a pullback resistance level Take Profit: 89.358 Why we like...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 185.660 Why we like it: There is a pullback support level Stop Loss: 184.474 Why we like it: There is a pullback support that lies underneath the 78.6% Fibonacci projection level Take Profit: 187.490 Why we like it: There is a...
The Japanese yen may have weakened following the BOJ’s latest ‘non decision’ regarding monetary policy, but markets clearly weren’t surprised enough for it to extend its bearish moves today. Not a single xxx/JPY pair managed to break above its cycle highs, and momentum is now turning lower on these pairs to show a strengthening of the yen. But what has caught...
Trading conditions have been choppy over the past week and a half for currency traders whilst the US dollar index has remained trapped between its 50 and 20-day EMAs. But USD/JPY shows the most promise for a breakout, which we suspect could be to the upside. A false break below 147 last week suggests the corrective low could be in, and a 3-day bullish reversal...
We can see that the price shifted the structure and we are in a bearish market now. The price created a lower low and mitigated all the supply zones, finally, the price created liquidity below the bearish order block and had a bearish reaction after hitting this zone. For more confirmation, we need 15 minutes CHOCH. we can define 186.73 as the first target, and...
Today's focus: USDJPY Pattern – Consolidation Watch Support – 146.20 Resistance – 148.50, 151.70 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY. After US employment data shocked on Friday and lifted the USD, we are wondering if we will see trend continuations on the USDJPY. So far, the price continues to travel on...
USD/JPY is trading close to a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 148.165 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 147.252 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement...
USD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 147.093 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 148.080 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is at...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 186.901 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 187.750 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at...
My favorite setups are entries on breaker that has an FVG present, and overlapping timeframe FVGs
Well, last trade did not go well... they appear to be seeking a higher area, so I'll try a re-entry short to get some money back. "Chart Idea" trading is not really my thing, but I'm giving it a try and see if I can't get better at it. A lot of what I do is very real time and I make a lot of adjustments, so this is a challenge for me, but I'll keep at it. Anyways,...
The USD Strength Indicator's relationship with the SDR basket is foundational to understanding global currency dynamics. Since the SDR comprises major currencies like the USD, Euro, Yuan, Yen, and Pound, the indicator's assessment of USD's performance against these currencies offers direct insights into its comparative value. This evaluation helps gauge the USD's...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 186.906 Why we like it: There is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 188.919 Why we like it: There is a pullback resistance level Take Profit: 184.474 Why we like...