Liking what I see here on the CHFJPY. Multiple swings on the uptrend on the way up, and then we got a reversal pattern, the double top, at a resistance zone.
Looking for a downtrend with multiple swings to begin. However, need to see the break and close below this level. If we get the break, first tp would be the 109.50 zone.
Hi Traders .
Scenario 1 : Goes up and then fall down.
Scenario 2 : Break Trendline and then fall down.
*Please consider Money Management and Risk Management and follow your rules . this is only my opinion !
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The Yen futures are at a very big flip zone as can be seen on the daily chart. On the 4 hour, we have had multiple swings lower, and that trend seems to be exhausting.
We had a fake out candle, indicated by the large wick, which is CONFIRMED due to the break and close above it.
Expecting to see some sort of pattern here, perhaps a head and shoulders.
The Yen is...
Trade position analysis for oder at 143.35 (Sell) (short) with the target base Fibonacci retracement SETUP -61,8.
Post as a tested trading journal share ideas.
Please like, if see the same opportunity^^
note: please always use a SL as for manage a risk if you open your order.
I decide to open order to challenge the monthly key level what i tested the opprtunity^^
- Which technical factor form Fibonacci retracement 61,8. Monthly key level. RSI divergent H4 TF. MA 20 Swing Monhtly.
Note: If you follow the order price, please always used the propper SL for manage risk.
A very nice set up presenting itself for the EURJPY. We are at a very important flip/support zone after a prolonged downtrend with multiple swings.
Here we seem to be exhausting the down trend, and are forming a basing pattern here a double bottom/range.
Nothing is confirmed until we get the break and close above the 120.40 zone. A set up we are watching for the...
AUD/JPY: +200 pips
This trade has hit our downside targets of 74 and 75. We've now closed the remainder of this position at 74. (+200 pips). Overall, this trade had NO drawdown, and was a great example of the trades we take every week; there's no point when 1 RIGHT position can earn us +5% in one trade while day traders are struggling with their 20 pip daily...
Looking at the Japanese Yen Futures on the 4 hour chart, and we are beginning to see the ending or exhaustion of this downtrend. We are not making anymore more lower highs, and it seems we may be setting up for a first higher low...this will be shown with the head and shoulders pattern we are seeing but awaiting for the trigger.
The Yen generally has a...
Just three days into 2020, and two trading days in, the market reacts to big geopolitical news which shakes the markets.
It came out that President Trump ordered a hit on Iranian General of the QUDS force, and Iran’s top military commander, Qasem Soleimani. Markets fell on the news but recovered to end the week close to where they opened, making up for the down...
Break of structure (RISING CHANNEL)
Consolidation after break
Break of consolidation
Taking a 1:2 trade here
*Author not liable for any losses incurred*
BOUNCE FROM RESISTANCE
PRICE CORRECTION TO .382 FIB
EXPECTED DROP TO .618 FIB EXTENSION WHERE SUPPORT LIES
Also if you look left of the price, similar situation, history repeated.
*Author not liable for any losses incurred*
Hi Traders,
Dollar- Yen is on an uptrend, but for the 4hr chart, it is going on this a horizontal line in which if the market is able to retest and retrace we may go long /Buy with two targets::
Here is the setup
USDJPY Buy at 108.450
Stop Loss at 108.130
Target 1 at 109.280
Target 2 at 109.610
Good Luck
Like what I see here on the CADJPY.
We had our downtrend, and now have made a reversal pattern here. Today's daily candle closed higher above previous highs and had quite the strong break, although I would have preferred if it close above the wicks.
This trade is valid above the 83.00 higher low level. That is the swing we are working with.
Would be looking at...
Unfortunately the break happened on a Friday. Will be looking to enter this trade next week as I do not want to hold over the weekend in this type of macro environment.
First of all in terms of market structure, we had an uptrend with defined and multiple swings. What we look for. Then we stopped making higher lows and began ranging. We thus have seen 2/3 ways of...
Take your pick - similar to the CHFZAR and CADZAR calls, however the JPYZAR has a better reward to risk ratio of 4:1. Buy around 0.135 with a stop at 0.1325 and a profit target of 0.145.
As you can guys this pair is talking alone.
After a double bottom on the daily time frame we definetly explode to the upside pushing up about 335 pips.
As we can see we have also broken a weekly descending trendline and now we have formed a Symmetrical Triangle in a consolidation zone.
After 4 weeks more or less where prices are compressing, are we finally ready...
I have been anticipating the Yen to start a rally around the middle of this week. We could see the Yen show some weakness leading up to NY session tomorrow morning. In turn, NZD could pull all the way back up to test 70.000 again. until we finally get the sell off!!
