If May closes we have ourselves a evening star formation from resistance on the Monthly in addition to the MA crossover and a 2017 strong TL breach. A pullback to 147 can be expected and profited from counter trend traders before a well needed melt to the downside. Higher timeframes indicate a long overdue descent is expected in the coming months. 142,5 & beyond.
OANDA:GBPJPY As its continuing as an uptrend, GBPJPY has the potential to reach 153.00 by tomorrow. It broke 152.50 as it looks like it wants to rise up. In addition, Thursdays are usually a final day in the market to trade good clear setups. To check the days for Forex pairs volatility, Tradecaptain is highly recommended. According to Tradecaptain,...
You can still get into OANDA:USDJPY for a buy to use as a scalping or intraday move. The price is almost at resistance that will potential be a sell soon. I would take profit for 10-40 pips for those who are trading from Asian session to London session.
Hi everyone so far I can see this pair going either way: I have made plans for both cases if either is to happen. I have set tps as well as well as alarms in place. Happy trading , any questions let me know Kris
Pound yen long is what I see at the moment Happy trading Kris
Fundas - So with the Dollar starting to show some strength towards the end of this week and no more major catalysts for the short term, bulls may be testing the waters from here. The main risk to the markets is the Syria situation, which seems to be clearing up, however weekend gap risk still remains if new information comes to light. Techs: I don't trust an...
Hi everyone this is what I see at the moment : I see pound yen in a long movement upward to either tp1: 153.70 or up a touch more to 154.20 marker is where I would sell off if we lower lows form as we are still in a weekly downtrend. overall pretty clear and simple , I would either wait till it goes up a bit then chops back to the median brown line and try an...
this is what I see with this market so far I have included a description of my ideas any questions please ask and I'm happy to help
Stop loss and Target Projected in Charts Regards, Dipak Zed
In my analysis I see usd yen short where the market touched the outside pitchfork line , as well from here this would be a great Risk to Reward to the TP provided
Last Thursday I wrote about the potential trend change for the YEN , which has been dominant since November. If you're interested, go back and take a look at that post. We all know that Technical Analysis is an art and that fundamental analysis, while a little more empirical, still requires interpretation. However, price action fell right into my lap and I got in...
Monthly features consecutive spikes at 150 zone - However wiped out previous lows Reversal?
NZDJPY appears to be making a combo pattern.... It can make one more up within this pattern to top of fork, however 4 hr and daily are TDI turned down. It may just correct down from here. you had a small possible sell setup, but NZD news this afternoon, so I would wait and see if it provides any opportunity
ZAR/JPY 4H Chart: Climbs towards 8.40 The South African Rand is actively appreciating against the Japanese Yen in a one-month long ascending channel. The pattern represents a part of a larger falling wedge formation. Accordingly, the surge is expected to continue. This assumption is supported by the rising 55-, 100- and 200-period SMAs that are moving along...
As stated above, USDJPY is primed to short. Dollar is weak and the Yen has been sold off for far too long. USA political uncertainty and tax reform debacle will cause the already wobbling dollar to stumble further.
Hi Guys Pound Yen I'm long I stated my reasons in the picture with a drawing enjoy any questions or comments hit me up Kris www.mymentortv.com