Hello Fellow Forex Traders, Here's a Technical outlook on AUDJPY! Support the channel by giving us thumbs up and sharing your opinions in the comment section below! Chart Perspective AUDJPY is breaking out of the Bearish Flag pattern while rejecting resistance from previous support area. Breaking out of this pattern indicates a potential trend continuation from...
Buy GBPJPY Entry: 159.8 Stop Loss: 159.00 Take profit: 163.00 good time to long now
Looks like Wyckoff formation to me on #USDJPY Waiting for sign of strength on USD bullish break out. Daily Fib target still remains at price 153.829 As long as Feds are hawkish we can still reach daily Fib target.
There are two possibilities The first to make down move to TP1 area and then break the last top The second a bearish wave without breaking the top and make correction within TP1 and TP2 In both cases, we are making down move to TP1 I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can...
cadjpy can react at red lines for buy position pls follow the candles where they react and give you a make money option like and bread and butter have a safe and profitiable trades any questions pls comment below
GBPJPY Intraday - We look to Buy at 164.85 (stop at 163.65) Buying pressure from 164.36 resulted in prices rejecting the dip. The current move higher is expected to continue. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our...
The price did a big drop After touching my weekly zone. For now im expecting For a slight retest Before continue drop Like a bad habit. Key level Red: sell
Hello dear traders. My view on cad jpy for the coming week is that it will buy at the retest level of the grey color - 4 H area of resistance which is being checked as support.The overall weekly trend is bullish. On 19 of October important CAD news will be releashed with positive forecast. If the forecast is met, the scenario will take place easily. JPY is...
Hi dear taders. Currently audjpy is testing the bearish trend line. I see it as a fakeout with potential for limited upside move. I remain bearish on this pair. Goodluck
Analysis and price points of interest on chart. Higher time frame bearish after an impulsive fundamental drop. We could potentially see a large retest fading out the yen strength we saw last week. Any resistance created could provide sell opportunities going with the trend. Further confirmations required (resistance, break of range, engulfing bearish candles).
CADJPY seems to forming a bullish pennant .. momentum is picking up with full bearish candles… waiting for continuation for the official move.
There is a probability that GBP JPY can come to 166.886 and create a rally bad rally to respect that support and give us that 1% for the day.
Audjpy finish Y leg shorter then what I expect,and it did 1st wave of wave 5 and when the correction finish with WXY then will yen pair losing power and bullish in place and rally will start. I indicate new horizontal line for upside movement points Have a safe and profitiable trades
EURJPY Intraday - We look to Buy at 142.20 (stop at 141.40) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. Our...
Today, all focus was on the euro, which is nearing a 19-year low, but the big story of the market year is the Japanese yen. We are witnessing a shift from a more than 20-year trend in the forex market of the Japanese yen as the safe-haven currency. The USDJPY has risen for five consecutive days, but focusing on the last two days, global stocks have been beaten...
This pair has exploded upwards and needs a correction to the downside. It is massively overbought on W1, Daily, H4. H4 is showing divergence. The resistance at 148.85 is very strong and there is a nice harmonic pattern. Target 1 is about 500 pips away with an 80 pip SL.
It's time to go short as my EDGE trade script has said so. Trend trade identified and entered. Working H2 timeframe on EURJPY. Trade details can be found on the chart in printed label. All the TP values same in label as that's what I'm aiming for on this strategy. Trade box is tracking the trade. Want to know how I identified this trade you know what to...