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!!
NZDJPY great market structure analysis. We have been in a downtrend with lower highs and lower lows. This trend began to exhaust at the support/flip zone of 67.00 where we made a double bottom, an exhaustion pattern. We stopped making lower highs and seem set to make our first higher low but it needs a higher high (break and close above the 69.80 zone to confirm...
if break trendline shor until tagret if recovered from trendline long
Both the daily charts of AUDJPY and NZDJPY are showing signs of a reversal. With the NZDJPY, we had a double bottom at the 67.00 zone. It is a big support/flip zone. Yesterday we had a break and close above the 69.30 zone which is also a break above the previous swing (lower high). I like the structure here and as long as we hold the breakout zone, I can see...
USDJPY on the 2 hour chart showing a nice uptrend with defined higher lows and higher highs. We have reached a big flip/resistance zone here at the 109.00 zone. Take a look at this zone on the daily chart. After making higher lows and higher highs, we failed to make a new higher high and this can be seen as a sign that the trend is exhausting or losing steam....
Market detective here, As I have been repeating, I am convinced the whole economy is in a complete pyramid scheme. All yen pairs are trending the same direction, chf might be a safe haven too but actually it is less influenced by scammy interventions so chfjpy might be the safest one to go for, and anyway it's not very important (the fundamental thing) it's just...
Maybe not the most popular trade idea given what is occurring with Turkey geopolitically, but a good set up nonetheless. Been in a downtrend with multiple waves, and we hit a support/flip zone which can be seen by going further back or on the daily chart. A double bottom indicates a possible exhaustion of the trend as no new lower lows have been made. I am...
If my EW counts are correct, we could potentially see 71.307 area for wave 5.
I like what I see here on CADJPY on the 2 hour chart. We hit a nice support/flip zone which can be seen by zooming out or going on the higher time frames. So far there is nothing to indicate a reversal, as we are still making lower highs and lower lows. However, what I am predicting here is a potential higher low which will be confirmed by a higher high break of...
TG 1 = Very High Probability TG 2 = High Probability TG 3 = Medium Probability TG 4 = Low Probability
On the daily we are in an strong downtrend. On the H4 the price rejected the blue zone two times Target is around 116 Yen.
GBPJPY hit a big resistance/ flip zone and created a double top here. What this shows is that a higher low (confirmed by a higher high) could not be made so there was an exhaustion of the trend. We then broke below a support zone of 134.00 and the break and close was a strong red candle indicating strength. With this uptrend over, we would expect multiple...
As we can see price struggled to break the bearish structure on the daily despite the bullish rally we have previously just had, i would like to see price now come down to at least 61% which for me i have marked this zone in green and the blue zone being 88%. Mondays are never really a day i look to enter markets but over the next coming weeks as we are also...
JPY Futures chart shows the Yen is currently oversold, broke below falling wedge, approaching strong trend-line and horizontal support. Watch for trend reversals across all JPY crosses. (Individual charts for Yen crosses show many pairs approaching Daily resistance zones) Yen crosses tend to produce decent trend trade opportunities. The large impulsive move in...
Really, you can see this trend transition pattern even on the 4 hour and the daily chart but 8 hour looks the best. Head and Shoulders is visible and occurred at a long term support level. We have had a long downtrend too and we did stop making lower lows. We made our first higher low indicated by the right shoulder. We had a nice strong break on the neckline...
A rough idea for a GBPJPY sell for a nice risk to reward scenario, however a break above signals a bullish move. Thanks for looking at my idea and I welcome any comments on how to improve my analysis, cheers.
Like what I see here on ZARJPY. On the daily chart, we can see we hit a major support zone. On the 4 hour, we have been in a downtrend with lower highs and lower lows. However, the downtrend seems to be exhausting. We are seeing a double bottom here and even possibly a head and shoulders if we reject the neckline depicted and make a higher low. I would await...