Trade ideas
JPYBASKET potential for bullish momentum! | 18th Feb 2022Prices are on bullish momentum and abiding to an ascending trendline. We see the potential for a buy entry at 9029 in line with 50% Fibonacci retracement and 38.2% Fibonacci retracement towards our Take Profit at 9116 in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Prices are trading above our Ichimoku cloud and also RSI is showing bullish momentum, further supporting our bullish bias.
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JPYBASKET on bearish momentum! | 15th Feb 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 9083 in line with 23.6% Fibonacci retracement towards our Take Profit at 8997 in line with 61.8% Fibonacci retracement. Prices are on bearish momentum and also RSI is at levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPYBASKET is on bearish momentum! | 14th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 9064 in line with 23.6% Fibonacci retracement towards our Take Profit at 8992 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci retracement. Prices are trading below our Ichimoku cloud resistance and also RSI are at levels at dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPY BASKET LONGS 📉📉📉📉 Expecting bullish price action on JPYBASKET (YEN INDEX) as price is rejecting a bullish orderblock on h4 forming the AMD pattern Accumulation - Manipulation (right now) and we should see from there the Distribution of the price meaning bullish JPY, if we have a strong bullish candle on h4 we would go higher way above 9200/9250.
What do you think ? Comment below..
JPY BASKET LONGS 📉📉📉📉 Expecting bullish price action on JPYBASKET as we are in a HTF bullish market strucutre. There is a possibility of making an AMD pattern as price is now accumulating getting orders both on long/short side after that we can see a run on stops below weekly low then bullish reversal.
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eyes on jpy basketyen basket is moving in a bearish manner....we want to see it breaking that minnor support that is holding now so that we can sell for longterm
Bullish JPY Breakout?Here is a 4 hour chart of the Japanese Yen Index. Currently in a downtrend right now, but if it is able to breakout, then going long JPY is a good idea. However if it fails to breakout, then it would be a good idea to go long on other currencies other than the Yen.
JPY likely to MVE UP!Hey tradomaniacs,
JPY-Basket is re-testing a struong support-zone and should hold it in order to continue the trend.
Risk-Off in equities would confirm my expectations.
So far, a good risk-reward-opportunity!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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JPY BASKET LONGS📉📉📉📉 Expecting bullish price action on this indx as price is in a bullish market strucutre from a HTF, we are rejecting a bullish orderblock on h4 and confirmed with a bullish momentum candle.
What do you think ? Comment below..
JPY BASKET SHORT - TERM SHORTS 📉📉📉📉 Expecting bearish price action on JPYBASKET from a short term perspective as price moves above weekly high and rejected with a high bearish momentum, on a mid-long term perspective we are bullish from 9090-9000 areas where we have a bullish orderblock and imbalance, dont look for sell on xxx jpy pairs for now.
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Current Analysis for JPYBASKETI see it in an expanding triangle with two possible scenarios. First one is that i could bounce off the lower trendline and retrace back to the previous area where it got rejected. On the other had, it could fall lower and may find a support on my longer timeframe trendline. We'll see where it goes!
JPY BASKET LONGS 📉📉📉📉 Expecting bullish price action on this index pair as price is making a bullish market strucutre on h4 shifting the strucutre from bearish into bullish, we are retracing right now into a orderblock h4 area filling the bullish imbalance and taking out stops below 9000 important psycho level, if we have a h1/h4 bullish closure then we should expect a leg higher into 9100/9200
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JPYBASKET: STRONGER YUAN, THE EFFECT OF TAPERING?Hello Enthusiast Forex Traders! Here's Long-term outlook for JPYBASKET , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
JPYBASKET is breakng out of the Falling Wedge Pattern. Breaking out of the pattern may indicates a potential bullish bias ahead. The momentum indicator already crossed up toward the zero level area, it could indicate a stronger momentum going upward in the future.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the any forex pairs.
Falling Flag! Will we breakout or not?Hourly of JPYBASKET is forming a falling flag. There's a big chance that if this breaks out to the upside, we may see a very strong push to the upside for JPY this week. Let's see if it does!
JPY BASKET SHORT - TERM SHORTS 📉📉📉Expect bearish price action over there as price takes out liquidity above weekly highs and closes bearish imbalance on h4, targets 9250.
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JPYBASKET SHORTS PENDING 📉📉📉Expect the price of JPY to start the selloff as we are approaching an important area of resistance around POC area x2 + bearish orderblock and bearish imbalance fill. This means bullish for xxx JPY pairs.
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JPYBASKET UPDATE ✅✅✅ JPY POC AREA X2 touched we have a huge bullish momentum, as i told you in this mornig only try to short XXX JPY pairs as we have strong JPY.
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JPY BASKET LONGS 📉📉📉I expect bullish price action on JPY BASKET as price is in a bullish market structure on a HTF, multiple wicks rejections on 9300 level. Bullish orderblock + imbalance area
JPY INDEX BULLISH means BEARISH on XXXJPY PAIRS, try to short there.
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JPY BASKET LONGS 📉📉📉Expect the price to rise on JPY INDEX as we rejected a bullish orderblock on h1 and filled a bullish imbalance, we are in a bullish market structure on a HTF.
Look for sell orders on XXX JPY PAIRS
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JPY BASKET LONGS 📉📉📉Expect JPY bullishnes as we are in a bullish market structure on a HTF premise, rejecting right now a bullish orderblock h4 ,, support area ,, we filled the bullish imbalances and right now should see another leg to the upside.
JPY BASKET SHORT - TERM SHORTS 📉📉📉Expecting JPY weakness into sell side liqudity, price took out buy side liquidity on a htf basis made a lower high on a ltf rejecting a premium market area on fibonacci, we should see bulishness in XXXJPY currency pairs, look for longs over there.
How do you see ?
