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
Hi everyone So currently I entered in this trade long. -stop los and tp is shown -my entry is shown I entered bc: - hit fib projection - hit pitchfork line twice ( outside line twice) - higher close 15min lets see what happens from here Kris www.mymentortv.com
After careful analysis and chart pattern recognition I have identified an opportunity to take a short position on this EurJpy currency pair. I have spotted a weekly high resistance near the level. Some consolidation is seen between the 132.500 - 132.400 levels. I stand firm with a 130.900 target #1
Good afternoon everyone okay looking at usd yen we are in a down trend is what it appears me , however here are a couple things I see : we are in a channel down : down trend now if this breaks this channel as I have shown I will wait for the retest along with putting the stop just below the previous lows as shown and go long or if this market reacts...
HI Guys From what I see I jumped into this pair , normally I would go for a lot higher Risk to Reward in this case risk 32 to gain 74 pips or so. Overall this is what I see my analysis I'm pretty happy with, my overall emotion to this trade I'm pretty happy with as well. Overall 8/10 trade. Kris www.mymentortv.com
from what I see at the moment if this market keeps making higher highs then my tp will be hit and my stop loss will create a good RR ( risk to reward) this market needs to break a couple more levels up for me to feel fully satisfied . Overall 6-7/10 trade for me: Trade what I see until things change other wise . happy trading folks let see what the market has...
Hello Traders This my first analysis, but USD/JPY should soar for a new High this current week. Currently we have a trendline break out on the 4h showing significant signs of USD gaining an uptrend momentum. SL should be below 61.8 and use proper risk management.
After completing a 5 waves upmove which ended up broken in a strong impulsive manner, the yen is stuck in a Consolidation pattern which remains yet to identify but could be a Range. After failing at breaking lower, price bounced and is now forming what looks to be bullish flag. Unless price manage to break the bottom, I'd expect more upside to revisit the top of...
We’ve seen a 100 pip consolidation range for the majority of this week, price broke the bullish trend line mid-august dropping down to 140.00. We’ve seen a retest of the bottom side of that trend line over the course of this week which is the 142.50 mark (its held firm) we are now also seeing the start of a new bearish trend line created from the last 147.50 hit...
EURJPY is looking long, because it has a buy trend and we found a Piercing Pattern yesterday so that is why i am in buy trade.
TRY/JPY 1H Chart: Rising Wedge The Turkish Lira is losing value against the Japanese Yen in an ascending channel that began to form one week ago. The pattern managed to gain four confirmation points before it started to transform into a rising wedge. In this kind of figures the currency rate usually makes a breakout in the bottom direction. However, this...
Daily outlook - EUR/JPY fails to surge above 130.05 In second half of the previous trading session the currency exchange rate made an unexpected turn around near the 130.05 mark and started to fall. The reason behind pair’s inability to reach the weekly R1 at 130.64 might be related to existence of a larger descending channel with two reaction highs and...
AUD/JPY 1H Chart: Channel Up The Australian Dollar is advancing against the Japanese Yen in a short-term ascending channel that started to form after the currency pair stopped to move in a downtrend and changed the direction near 85.52. At the moment, it consists of two reaction highs and two reaction lows and, thus, has reached maturity. For this...
CAD/JPY 1H Chart: Channel Up The Canadian Dollar is recovering against the Japanese Yen in a short-term ascending channel that formed in the result of a change of the one month long downtrend. At the moment, the pattern consists from two reaction lows and only one reaction high. Since there will be no significant macroeconomic data releases in the...
Daily outlook - EUR/JPY slips to March 2016 high In accordance with expectations, the Euro continued to depreciate against the Japanese Yen until the currency pair reached a support set up by the March 2016 high at the 128.18 level. Afterwards, the rate made a rebound and started to move in the upward direction similarly as it did yesterday. A...