JPYBasket 2 Day TF Based on my analysis, I anticipate that the JPYBasket will react in some way when it reaches the 7804-7828 zone. There could be a variety of reasons for this, such as technical levels, market sentiment, or fundamental factors.
In any case, rather than acting impulsively, I have decided to exercise
Key data points
Volume
—
Previous close
—
Open
—
Day's range
—
Long JPYPrice of JPY is severely undervalued and at a discount area. We saw an attempt to fly but it was rejected. To make the final push it must mitigate structure to pick up on buy orders and fly to the moon. To support our confluences we also see a head and shoulders pattern and a trend line driving the
YEN pairs prepare for a longYEN INDEX, touch the support and prepare for long after CPI data, supported by yesterday BOJ announcements as the new governor of Kazuo Ueda.
The new governor declare a change in policy must be done and is know as not a supporter of ultralose policy.
After CPI data i am expected USDJPY to fall hard,
JPYBASKET: expected short play Hello pals, JPYbasket is a JPY index just like DXY for USD, so u can use it for confirmation on your JPY and USD involved pairs.
Based on candlesticks and DTL, I think this index is going downhill to the previous low.
8050 needs to be broken first before it can be said with certainty that the index
What is an imbalance ?‼️ Imbalances are also known as inefficiencies or FVG (Fair Value Gaps) these are periods in price action whereby means of lopsided order flow, which create porous wakes or gaps in fills. The market will slip to the only available trade levels as a result of thin liquidity and these voids in liquidi
See all ideas
