Pretty similar to eurjpy. Looking for a retest, bearish PA, potential M pattern could give us 2 entries. Entry 1 aggressive. Entry 2 Safer entry.
After about 21 days of consolidation, it may reach a monthly level 132.00 In: 131.523 TP: 132.00 SL: 131.28 R/R= 1:1.87
Short Sell for 200 pips on GJ waiting on trend to be broken for entry Idea from Hidden Vault
Looking for long positions on gbp/yen around 151.02 with stops under 150.25. Price broke out of consolidation on the hourly and after an impulse has followed up with a decent corrective move lower. So buying the dip here with targets towards high back @ 152.00 makes sense in the current situation.
we have seen this morning that Gj has had an incredibly strong push to the downside and I suspect that it should continue down past the support and retest the higher timeframes support.
USDJPY Reversal signs + trend line analysis + Support and resistance TP1 and move SL to BE Work with wider stop losses, if you gonna target higher take profits. Trade at your own risk OANDA:USDJPY
price is rising high . it has already test upper yellow trend line two times now it is ready to test third time on brekout of lower yellow trend line and white trend line on rsi will confrim trend reversal (will dollar contiue to fall like last year ?) (is this top of trend ?)
On EURJPY, currently the price in the corrective phase as it is ending it's A wave. A sell opportunity is clear since the price is around a resistance level. Let's wait and target our next trigger at the opening of the market. Trade Safe and Best of Luck ! MacroForex
Hi. Plotted on the 1D chart is a diagonal support line. It has recently been broken. On it I've also pointed out the near crossing of the Ichimoku conversion line and base line. The MACD is also turning away from its signal line in a downward direction and if the trend continues is will also soon pass the top line of the Williams. In the 4h chart the MACD and...
GBPJPY WEEKLY FORECAST. Starting on the weekly Chart! Last week one of my key areas for price to have a reaction was hit. I am expecting on the weekly chart to have a pullback as PA has been pushing up for the past 12 consecutive weeks.
GBPJPY two trades..... 25%!!!!
2min forecast on GJ potential this week. There is some great PA developing. Monday and Tuesday I will wait to see what develops before i look to execute my trades on the lower time frames.
Entry break of trendline with stops above the high. Aiming for the major trendline Confirmation: - MACD divergence - Wedge resistance
USDJPY - It had an interesting move towards the upside....! What a week right! Crazy in the indices and equity market. Little reminder being a trader it isn't a get rich quick scheme....! Technical aspects: Pattern: Bullish Flag (At key area on Higher time aspect) Support: 104.75, 104.51 , 104.15 Resistance: 104.910, 105.10, 105.20, 105.40 You could trade the...
After an initially bullish surge on the daily I can see that price retested and rejected the 103.00 - 104.00 region. On the 1 hour timeframe price also created what seems to be an inverse head & shoulders pattern, with price then breaking above minor resistance at 103.655. After a rejection of resistance at 103.860 price seems to be retesting the previously broken...