Japanese Yen / U.S. Dollar JPYUSD

I thought I would do a quick video and give a bare bones overview of the basic concept of supply and demand. Personally, I've stopped using indicators other than a few moving averages and simply started to look for supply and demand zones and a few bullish and bearish candle patterns. oh... and i'm a fan of using trendline breaks and measured moves. Anyway, ...

wait for a breakout

00Possible move up after consolidation break. Potential AB=CD, price target at 0.0092 to test next horizontal light blue resistance line. Awesome Oscillator at 0 line (possible support)

not a trading idea, just a record for myself

if we dont trade with that belief you will never succeed in this industry trust in yourself

JPY is moving in a nice range for the last while, which means we're going to trade mean reversion. I've learned that RSI, Stochastic and other overbought/sold indicators are more useful for this than trend trading, so we'll rely heavily on them for this type of setup. - JPY is right at the top of the trading range, being clearly rejected with fat bearish candle ...

Long on a break over 0.00905 $EWJ $JPNL

The JPYUSD chart presents an interesting formation in regards to Elliot Wave formation and Fibonacci price theory. One could argue the current lows MAY form support given the past price action. Yet, I believe this weakness in price will likely continue for some time forward as I don't see the Japanese Yen developing any true support at this time. The dynamics ...

https://www.tradingview.com/x/KcUnH6xm/

we are on the c wave of our correction wave, and chances are, the market is going to make the ABCDE OR ABC pattern before it starts a new impulse wave.

We may be seeing a Cup & Handle pattern play out here in the JPY/USD chart, along with the completion of an Elliott wave corrective pattern. The target box is outlined using retracements of the longer-term downward wave A.

It's been a choppy few years, but I believe JPYUSD will ultimately return to the uptrend range that has been established since 1986. I don't follow market news very closely, so I would appreciate any feedback on market news that points in the other direction.

Not going to get into too much detail here. I covered these targets in the 2hr update, but I wanted to post this for tracking purposes and to show the sub-wave count for this leading diagonal. We should expect to head towards $7620 here, this is the 0.618 fib extension of wave (3). However diagonals have a tendency, especially in BTC, to overthrow on wave 5 so ...

A follow up to my last post. Here we are looking at the breakdown of wave (b) of wave circle iii. This ABC is a zigzag given the 5-wave substructure of wave (a). I will get into the nitty gritty of this micro-wedge in my next post, but it looks to me like wave a of (b) is a leading diagonal. Again, this count invalidates if price moves above the previous high of ...

I wanted to start tracking my primary BTCUSD wave count. This post will be for the larger time-frame count and will follow up with two more zoomed in counts, and potentially some alternates. I will try and keep this thread as the primary one for tracking purposes and update as this unfold, or until it invalidates. I currently see us being in an ending diagonal, ...

JPYUSD has been trading in a specific range (0.00873 - 0.00925) for quite some while. It tried to break out of it, however bears pushed it back into it. Since being back in the range, it has tested to top of the range again and immediately got pushed down. This is where I entered the trade. I can easily see us pushing towards the bottom of the range again the ...

Posting to wrap everything up, mostly for tracking purposes. This is currently my primary count for BTC. I expect we are finishing (finished?) up wave 5 right now, and should be getting into our wave B. $8300-$7800 for wave B, $5500-$4700 for wave C.

Another fractal for you going back to 2014 for BTCUSD. Fairly self explanatory, but I will update as I investigate it further. The major differences here is that the 2014 fractal tops out before falling into the harmonic bearish gartley. Currently our bearish butterfly is leading into our top. I actually have that recent high as an expanded flat in my EW count. ...