USD/JPY - iNTRADAYInteresting structure after upward momentum !! After breakout the trendline with a acelerated form you can execute against movement.. We have to be patience.. Use your favorite entry strategy !! Keep it Simple! If you´re like it, FOLLOW ME !! Longby DAISTRUM0
USDJPY Short 1HUSDJPY is showing bearish divergence, the price action is expected to be bearish. Trade plan is to take sell entry at breakout of previous HL.Shortby H2TO0
Signals for USDJPYTrade 1: Internal range model 2 setup Trade 2: Range model 1 setup - sweep of the internal range high Trade 3 and 4: Same as trade 1 and 2 but for the external range Confirmation: 15m flip in market structure with follow through Follow for more by Trade-Journal111
Fundamental Market Analysis for June 11, 2024 USDJPYThe USD/JPY pair has risen for the third consecutive day, marking the fourth day of positive movement in the previous five. It reached a one-week high near 157.250 during Tuesday's Asian session. However, spot prices remain below the 157.650-157.700 supply zone, as traders remain cautious ahead of this week's release of key macroeconomic data from the US and risks from central bank actions. The release of US consumer inflation data on Wednesday will be followed by the long-awaited FOMC monetary policy decision. Investors will be looking for clues about the likely timing of when the Federal Reserve (Fed) will start cutting interest rates. This, in turn, will play a key role in influencing USD price action in the near term and will provide meaningful momentum to the USD/JPY pair ahead of the Bank of Japan's (BoJ) decision on Friday. Market participants remain unconvinced that the Japanese central bank will announce a reduction in monthly government bond purchases amid a weakening economy. On Monday, the Finance Ministry reported that the economy contracted 0.5 per cent in the first quarter and 1.8 per cent year-on-year. This, along with a stable performance in stock markets, is seen to undermine the Japanese Yen (JPY) and is becoming a key factor weighing on the USD/JPY pair. Conversely, the US dollar is at its highest level since 14 May, reached on Monday, and continues to receive support from growing expectations that the Federal Reserve (Fed) may keep interest rates on hold for longer. These expectations were fuelled by stronger-than-expected US employment data released on Friday. This, in turn, favours the US dollar bulls and supports the prospects for the US dollar to continue its recent rise from the 50-day simple moving average (SMA). Trade recommendation: Trade mainly buy orders at the price level of 157.500. We consider sell orders at the price level of 157.000.by Fresh-Forexcast20040
USD/JPY calm as GDP within expectationsThe Japanese yen is calm on Monday. In the North American session, USD/JPY is trading at 156.91, up 0.09% on the day at the time of writing. Japan’s GDP declines Japan’s economy contracted in the first quarter with a weak reading of -1.8% y/y, following a revised 0.4% gain in Q4 2023. This was slightly higher than the market estimate of -1.9% and the initial estimate of -2.0%. On a quarterly basis, GDP declined by 0.5%, in line with expectations. This followed a small gain of 0.1% in the fourth quarter. The weak GDP data follows a soft household spending release last week, which showed decline of 1.2% m/m in April. The Bank of Japan meets on June 14th and is not expected to raise interest rates, after a historic rate hike in March. This was the first rate hike since 2007 and a clear shift away from the BoJ’s ultra-loose monetary policy. There is speculation that the BoJ might discuss reducing its purchases of Japanese government bonds in an effort to unwind monetary policy in order to shore up the ailing Japanese yen. Strong US nonfarm payrolls boost US dollar Friday’s US nonfarm payroll report was hotter than expected and provided a boost to the US dollar against all the major currencies, including the yen. Nonfarm payrolls in May rose to 272 thousand, blowing past the market estimate of 185,000 and much stronger than the revised gain of 165 thousand in April. Wage growth accelerated in May and was also higher than expected. Surprisingly, the unemployment rate crept up to 4%, up from 3.9% in April and above the market estimate of 3.9%. The strong job numbers have helped cushion the impact on the economy of high rates and that has kept inflation stubbornly high. According the CME’s MarketWatch, the odds of a quarter-point cut in September have dropped to 46%, compared to 51% just one week ago. There is virtually no chance of a rate cut at this week’s meeting, but investors will be very interested in what the Fed has to say. There is resistance at 157.52 and 158.28 156.33 and 155.57 are providing supportby OANDA1
Ugly block//@version=5 indicator("!<*FVG_FIBO*>!", overlay = true) import LudoGH68/Drawings_public/1 as d getLineStyle(lineOption) => lineOption == "?" ? line.style_dotted : lineOption == "?" ? line.style_dashed : line.style_solid get_structure_highest_bar(lookback) => var int idx = 0 maxBar = bar_index > lookback ? ta.highestbars(high, lookback) : ta.highestbars(high, bar_index + 1) for i = 0 to lookback - 1 by 1 if high > high and high <= high and ((i+1) * -1) >= maxBar idx := (i+1) * -1 //break idx := idx == 0 ? maxBar : idx get_structure_lowest_bar(lookback) => var int idx = 0 minBar = bar_index > lookback ? ta.lowestbars(low, lookback) : ta.lowestbars(low, bar_index + 1) for i = 0 to lookback - 1 by 1 if low < low and low >= low and ((i+1) * -1) >= minBar idx := (i+1) * -1 //break idx := idx == 0 ? minBar : idx is_structure_high_broken(_highStructBreakPrice, _structureHigh, _structureHighStartIndex, _structureDirection) => var bool res = false if (_highStructBreakPrice > _structureHigh and bar_index > _structureHighStartIndex) or (_structureDirection == 1 and _highStructBreakPrice > _structureHigh) res := true else res := false res // Fear Value Gap isFvgToShow = input(true, title='Display FVG', group="Fear Value Gap") bullishFvgColor = input(color.new(#b2b5be, 70), 'Bullish FVG Color', group="Fear Value Gap") bearishFvgColor = input(color.new(#b2b5be, 70), 'Bearish FVG Color', group="Fear Value Gap") mitigatedFvgColor = input(color.new(#b2b5be, 70), 'Mitigated FVG Color', group="Fear Value Gap") fvgHistoryNbr = input.int(5, 'Number of FVG to show', minval=1, maxval=50) isMitigatedFvgToReduce = input(false, title='Reduce mitigated FVG', group="Fear Value Gap") // Structures isStructBodyCandleBreak = input(true, title='Break with candle\'s body', group="Structures") isCurrentStructToShow = input(true, title='Display current structure', group="Structures") bullishBosColor = input(color.silver, 'Bullish BOS Color', group="Structures") bearishBosColor = input(color.silver, 'Bearish BOS Color', group="Structures") bosLineStyleOption = input.string("-", title="BOS Style", group="Structures", options= ) bosLineStyle = getLineStyle(bosLineStyleOption) bosLineWidth = input.int(1, title="BOS Width", group="Structures", minval=1, maxval=5) bullishChochColor = input(color.silver, 'Bullish CHoCH Color', group="Structures") bearishChochColor = input(color.silver, 'Bearish CHoCH Color', group="Structures") chochLineStyleOption = input.string("-", title="CHoCH Style", group="Structures", options= ) chochLineStyle = getLineStyle(chochLineStyleOption) chochLineWidth = input.int(1, title="MSB Width", group="Structures", minval=1, maxval=5) currentStructColor = input(color.rgb(255, 4, 0), 'Current structure Color', group="Structures") currentStructLineStyleOption = input.string("-", title="Current structure Style", group="Structures", options= ) currentStructLineStyle = getLineStyle(currentStructLineStyleOption) currentStructLineWidth = input.int(1, title="Current structure Width", group="Structures", minval=1, maxval=5) structHistoryNbr = input.int(10, 'Number of break to show', minval=1, maxval=50) // Fibonacci 1 isFibo1ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1Value = input.float(0.786, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo1") fibo1Style = getLineStyle(fibo1StyleOption) fibo1LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo1") // Fibonacci 2 isFibo2ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2Value = input.float(0.705, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo2") fibo2Style = getLineStyle(fibo2StyleOption) fibo2LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo2") // Fibonacci 3 isFibo3ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3Value = input.float(0.618, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo3") fibo3Style = getLineStyle(fibo3StyleOption) fibo3LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo3") // Fibonacci 3 isFibo4ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4Value = input.float(0.5, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo4") fibo4Style = getLineStyle(fibo4StyleOption) fibo4LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo4") // Fibonacci 5 isFibo5ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5Value = input.float(0.382, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo5") fibo5Style = getLineStyle(fibo5StyleOption) fibo5LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo5") // Draw FVG into graph FVGDraw(_boxes, _fvgTypes, _isFvgMitigated) => // Loop into all values of the array for in _boxes // Processing bullish FVG if(array.get(_fvgTypes, index)) // Check if FVG has been totally mitigated if(low <= box.get_bottom(value)) array.remove(_boxes, index) array.remove(_fvgTypes, index) array.remove(_isFvgMitigated, index) box.delete(value) else if(low < box.get_top((value))) box.set_bgcolor(value, mitigatedFvgColor) // Mitigated FVG Alert if(not(array.get(_isFvgMitigated, index))) alert("FVG has been mitigated", alert.freq_once_per_bar) array.set(_isFvgMitigated, index, true) // Reduce FVG if needed if(isMitigatedFvgToReduce) box.set_top(value, low) box.set_right(value, bar_index) // Processing bearish FVG else // Check if FVG has been mitigated if(high >= box.get_top(value)) array.remove(_boxes, index) array.remove(_fvgTypes, index) array.remove(_isFvgMitigated, index) box.delete(value) else if(high > box.get_bottom((value))) box.set_bgcolor(value, mitigatedFvgColor) // Mitigated FVG Alert if(not(array.get(_isFvgMitigated, index))) alert("FVG has been mitigated", alert.freq_once_per_bar) array.set(_isFvgMitigated, index, true) // Reduce FVG if needed if(isMitigatedFvgToReduce) box.set_bottom(value, high) box.set_right(value, bar_index) // Arrays variable var array structureLines = array.new_line(0) var array structureLabels = array.new_label(0) var array fvgBoxes = array.new_box(0) var array fvgTypes = array.new_bool(0) var array isFvgMitigated = array.new_bool(0) // Price variables var float structureHigh = 0.0 var float structureLow = 0.0 var float fibo1Price = 0.0 var float fibo2Price = 0.0 var float fibo3Price = 0.0 var float fibo4Price = 0.0 var float fibo5Price = 0.0 // Index variable var int structureHighStartIndex = 0 var int structureLowStartIndex = 0 var int structureDirection = 0 var int fibo1StartIndex = 0 var int fibo2StartIndex = 0 var int fibo3StartIndex = 0 var int fibo4StartIndex = 0 var int fibo5StartIndex = 0 // Line variable var line structureHighLine = na var line structureLowLine = na var line fibo1Line = na var line fibo2Line = na var line fibo3Line = na var line fibo4Line = na var line fibo5Line = na // Label variable var label fibo1Label = na var label fibo2Label = na var label fibo3Label = na var label fibo4Label = na var label fibo5Label = na // Define FVG type isBullishFVG = high < low isBearishFVG = low > high // Bullish FVG process if(isBullishFVG and isFvgToShow) // Add FVG into FVG's array box _box = box.new(left=bar_index - 2, top=low , right=bar_index , bottom=high , border_style=line.style_solid, border_width=1, bgcolor=bullishFvgColor, border_color=color.new(color.green, 100)) array.push(fvgBoxes, _box) array.push(fvgTypes, true) array.push(isFvgMitigated, false) // Check if FVG to show is upper than user parameter if(array.size(fvgBoxes) > fvgHistoryNbr + 1) // Delete the FVG and its index from arrays box.delete(array.get(fvgBoxes, 0)) array.remove(fvgBoxes, 0) array.remove(fvgTypes, 0) array.remove(isFvgMitigated, 0) // Bearish FVG process if(isBearishFVG and isFvgToShow) // Add FVG into FVG's array box _box = box.new(left=bar_index - 2, top=low , right=bar_index , bottom=high , border_style=line.style_solid, border_width=1, bgcolor=bearishFvgColor, border_color=color.new(color.red, 100)) array.push(fvgBoxes, _box) array.push(fvgTypes, false) array.push(isFvgMitigated, false) // Check if FVG to show is upper than user parameter if(array.size(fvgBoxes) > fvgHistoryNbr + 1) // Delete the FVG and its index from arrays box.delete(array.get(fvgBoxes, 0)) array.remove(fvgBoxes, 0) array.remove(fvgTypes, 0) array.remove(isFvgMitigated, 0) // Draw FVG FVGDraw(fvgBoxes, fvgTypes, isFvgMitigated) // Initialize value for bar 0 if(bar_index == 0) structureHighStartIndex := bar_index structureLowStartIndex := bar_index structureHigh := high structureLow := low highest = bar_index > 10 ? ta.highest(10) : ta.highest(bar_index + 1) highestBar = bar_index > 10 ? ta.highestbars(high, 10) : ta.highestbars(high, bar_index + 1) lowest = bar_index > 10 ? ta.lowest(10) : ta.lowest(bar_index + 1) lowestBar = bar_index > 10 ? ta.lowestbars(low, 10) : ta.lowestbars(low, bar_index + 1) structureMaxBar = bar_index + get_structure_highest_bar(10) structureMinBar = bar_index + get_structure_lowest_bar(10) lowStructBreakPrice = isStructBodyCandleBreak ? close : low highStructBreakPrice = isStructBodyCandleBreak ? close : high isStuctureLowBroken = (lowStructBreakPrice < structureLow and lowStructBreakPrice >= structureLow and lowStructBreakPrice >= structureLow and lowStructBreakPrice >= structureLow and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex) or (structureDirection == 2 and lowStructBreakPrice < structureLow) isStructureHighBroken = (highStructBreakPrice > structureHigh and highStructBreakPrice <= structureHigh and highStructBreakPrice <= structureHigh and highStructBreakPrice <= structureHigh and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex) or (structureDirection == 1 and highStructBreakPrice > structureHigh) if(isStuctureLowBroken) // Check if structures to show is upper than user parameter if(array.size(structureLines) >= structHistoryNbr) // Delete the line and its index from arrays d.delete_line(array.get(structureLines, 0), array.get(structureLabels, 0)) array.remove(structureLabels, 0) array.remove(structureLines, 0) // Create BOS line if(structureDirection == 1) array.push(structureLines, line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc=xloc.bar_index, extend=extend.none, color=bearishBosColor, style=bosLineStyle, width=bosLineWidth)) array.push(structureLabels, label.new((bar_index + structureLowStartIndex) / 2, structureLow, text="BOS", style=label.style_none, textcolor=bearishBosColor)) // Create CHoCH line else array.push(structureLines, line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc=xloc.bar_index, extend=extend.none, color=bearishChochColor, style=chochLineStyle, width=chochLineWidth)) array.push(structureLabels, label.new((bar_index + structureLowStartIndex) / 2, structureLow, text="CHoCH", style=label.style_none, textcolor=bearishChochColor)) // Update values for new structure structureDirection := 1 structureHighStartIndex := structureMaxBar structureLowStartIndex := bar_index structureHigh := high //highest structureLow := low // Check for breakout else if(isStructureHighBroken) // Check if structures to show is upper than user parameter if(array.size(structureLines) >= structHistoryNbr) // Delete the line and its index from arrays d.delete_line(array.get(structureLines, 0), array.get(structureLabels, 0)) array.remove(structureLabels, 0) array.remove(structureLines, 0) // Create BOS line if(structureDirection == 2) array.push(structureLines, line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc=xloc.bar_index, extend=extend.none, color=bullishBosColor, style=bosLineStyle, width=bosLineWidth)) array.push(structureLabels, label.new((bar_index + structureHighStartIndex) / 2, structureHigh, text="BOS", style=label.style_none, textcolor=bullishBosColor)) // Create CHoCH line else array.push(structureLines, line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc=xloc.bar_index, extend=extend.none, color=bullishChochColor, style=chochLineStyle, width=chochLineWidth)) array.push(structureLabels, label.new((bar_index + structureHighStartIndex) / 2, structureHigh, text="CHoCH", style=label.style_none, textcolor=bullishChochColor)) // Update values for new structure structureDirection := 2 structureHighStartIndex := bar_index structureLowStartIndex := structureMinBar structureHigh := high structureLow := low //lowest else if(high > structureHigh and (structureDirection == 0 or structureDirection == 2)) if(not(isStructBodyCandleBreak) or not(isStructBodyCandleBreak and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex)) structureHigh := high structureHighStartIndex := bar_index else if(low < structureLow and (structureDirection == 0 or structureDirection == 1)) if(not(isStructBodyCandleBreak) or not(isStructBodyCandleBreak and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex)) structureLow := low structureLowStartIndex := bar_index structureRange = math.abs(structureHigh - structureLow) // Affichage de la structure actuelle if(isCurrentStructToShow) d.delete_line(structureHighLine, na) d.delete_line(structureLowLine, na) structureHighLine := line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc.bar_index, color=currentStructColor, style = currentStructLineStyle, width = currentStructLineWidth) structureLowLine := line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc.bar_index, color=currentStructColor, style = currentStructLineStyle, width = currentStructLineWidth) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo1ToShow) d.delete_line(fibo1Line, fibo1Label) fibo1Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo1Value) : structureLow + (structureRange - structureRange * fibo1Value) fibo1StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo1Line := line.new(fibo1StartIndex, fibo1Price, bar_index, fibo1Price, xloc.bar_index, color = fibo1Color, style = fibo1Style, width = fibo1LineWidth) fibo1Label := label.new(bar_index + 20, fibo1Price, text = str.tostring(fibo1Value) + "(" + str.tostring(fibo1Price) + ")", style = label.style_none, textcolor = fibo1Color) // Affichage du Fibonnacci 2 de la structure actuelle if(isFibo2ToShow) d.delete_line(fibo2Line, fibo2Label) fibo2Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo2Value) : structureLow + (structureRange - structureRange * fibo2Value) fibo2StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo2Line := line.new(fibo2StartIndex, fibo2Price, bar_index, fibo2Price, xloc.bar_index, color = fibo2Color, style = fibo2Style, width = fibo2LineWidth) fibo2Label := label.new(bar_index + 20, fibo2Price, text = str.tostring(fibo2Value) + "(" + str.tostring(fibo2Price) + ")", style = label.style_none, textcolor = fibo2Color) // Affichage du Fibonnacci 3 de la structure actuelle if(isFibo3ToShow) d.delete_line(fibo3Line, fibo3Label) fibo3Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo3Value) : structureLow + (structureRange - structureRange * fibo3Value) fibo3StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo3Line := line.new(fibo3StartIndex, fibo3Price, bar_index, fibo3Price, xloc.bar_index, color = fibo3Color, style = fibo3Style, width = fibo3LineWidth) fibo3Label := label.new(bar_index + 20, fibo3Price, text = str.tostring(fibo3Value) + "(" + str.tostring(fibo3Price) + ")", style = label.style_none, textcolor = fibo3Color) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo4ToShow) d.delete_line(fibo4Line, fibo4Label) fibo4Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo4Value) : structureLow + (structureRange - structureRange * fibo4Value) fibo4StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo4Line := line.new(fibo4StartIndex, fibo4Price, bar_index, fibo4Price, xloc.bar_index, color = fibo4Color, style = fibo4Style, width = fibo4LineWidth) fibo4Label := label.new(bar_index + 20, fibo4Price, text = str.tostring(fibo4Value) + "(" + str.tostring(fibo4Price) + ")", style = label.style_none, textcolor = fibo4Color) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo5ToShow) d.delete_line(fibo5Line, fibo5Label) fibo5Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo5Value) : structureLow + (structureRange - structureRange * fibo5Value) fibo5StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo5Line := line.new(fibo5StartIndex, fibo5Price, bar_index, fibo5Price, xloc.bar_index, color = fibo5Color, style = fibo5Style, width = fibo5LineWidth) fibo5Label := label.new(bar_index + 20, fibo5Price, text = str.tostring(fibo5Value) + "(" + str.tostring(fibo5Price) + ")", style = label.style_none, textcolor = fibo5Color) plot(na) barcolor((high <= high and low >= low and close >= open) ? #04fd11: na) barcolor((high <= high and low >= low and open >= close) ? #f70303: na) //-----------------------------------------------------------------------------// //indicator("Filter out Weak pivot highs/lows", overlay = true) lb =input.int(15, 'pivots: lookback/forward', group = 'Pivots highs & lows', tooltip = "larger number for more significant pivot highs / pivot lows") atrMult =input.float(1.5, "Spikeyness Index", minval = 0, step =0.1, inline ='2', group = 'Pivots highs & lows', tooltip = "For catching only the 'spikier' pivot highs/pivot lows Setting to =0 will effectively remove this condition and plot standard pivot highs/lows Increasing this number will filter out smooth/unimpressive pivot high&lows; Represents local ATR multiple for distance from local Moving average a high or low must be Setting of 1.5 seems optimal on 15m chart with pivot lookback/lookforward = 15") useSpikeyCond =input.bool(true, "use spikey condition", inline ='3',group = 'Pivots highs & lows', tooltip ="toggle off to see how typical pivots are painted; to notice the difference/improvement") confirmOnClose = input.bool(true, "wait 1x bar to confirm (avoid repainting)", inline ='4',group = 'Pivots highs & lows', tooltip = "default is ON, waits for realtime bar to close before confirming Pivot H/L Toggle this off to get Pivot highs confirmed one bar earlier, but at the cost of sometimes causing repainting") int x = confirmOnClose?1:0 pivHigh = ta.pivothigh(high, lb, lb) isPivHigh = na(pivHigh)? false:true atr = ta.atr(2*lb) maH = ta.sma(high, 2*lb) bool spikyH = useSpikeyCond?pivHigh > maH+atrMult*atr:true var float ph = 0 if isPivHigh if spikyH ph:=pivHigh label.new(bar_index-(lb+x), high , text ="High",color=#feffff) pivLow = ta.pivotlow(low, lb, lb) isPivLow = na(pivLow)? false:true maL = ta.sma(low, 2*lb) bool spikyL = useSpikeyCond? pivLow < maL-atrMult*atr:true var float pl = 0 if isPivLow if spikyL pl:=pivLow label.new(bar_index-(lb+x), low , text ="Low", style = label.style_label_up, color = #feffff) by ripfumelorefie729110
Ugly block//@version=5 indicator("!<*FVG_FIBO*>!", overlay = true) import LudoGH68/Drawings_public/1 as d getLineStyle(lineOption) => lineOption == "?" ? line.style_dotted : lineOption == "?" ? line.style_dashed : line.style_solid get_structure_highest_bar(lookback) => var int idx = 0 maxBar = bar_index > lookback ? ta.highestbars(high, lookback) : ta.highestbars(high, bar_index + 1) for i = 0 to lookback - 1 by 1 if high > high and high <= high and ((i+1) * -1) >= maxBar idx := (i+1) * -1 //break idx := idx == 0 ? maxBar : idx get_structure_lowest_bar(lookback) => var int idx = 0 minBar = bar_index > lookback ? ta.lowestbars(low, lookback) : ta.lowestbars(low, bar_index + 1) for i = 0 to lookback - 1 by 1 if low < low and low >= low and ((i+1) * -1) >= minBar idx := (i+1) * -1 //break idx := idx == 0 ? minBar : idx is_structure_high_broken(_highStructBreakPrice, _structureHigh, _structureHighStartIndex, _structureDirection) => var bool res = false if (_highStructBreakPrice > _structureHigh and bar_index > _structureHighStartIndex) or (_structureDirection == 1 and _highStructBreakPrice > _structureHigh) res := true else res := false res // Fear Value Gap isFvgToShow = input(true, title='Display FVG', group="Fear Value Gap") bullishFvgColor = input(color.new(#b2b5be, 70), 'Bullish FVG Color', group="Fear Value Gap") bearishFvgColor = input(color.new(#b2b5be, 70), 'Bearish FVG Color', group="Fear Value Gap") mitigatedFvgColor = input(color.new(#b2b5be, 70), 'Mitigated FVG Color', group="Fear Value Gap") fvgHistoryNbr = input.int(5, 'Number of FVG to show', minval=1, maxval=50) isMitigatedFvgToReduce = input(false, title='Reduce mitigated FVG', group="Fear Value Gap") // Structures isStructBodyCandleBreak = input(true, title='Break with candle\'s body', group="Structures") isCurrentStructToShow = input(true, title='Display current structure', group="Structures") bullishBosColor = input(color.silver, 'Bullish BOS Color', group="Structures") bearishBosColor = input(color.silver, 'Bearish BOS Color', group="Structures") bosLineStyleOption = input.string("-", title="BOS Style", group="Structures", options= ) bosLineStyle = getLineStyle(bosLineStyleOption) bosLineWidth = input.int(1, title="BOS Width", group="Structures", minval=1, maxval=5) bullishChochColor = input(color.silver, 'Bullish CHoCH Color', group="Structures") bearishChochColor = input(color.silver, 'Bearish CHoCH Color', group="Structures") chochLineStyleOption = input.string("-", title="CHoCH Style", group="Structures", options= ) chochLineStyle = getLineStyle(chochLineStyleOption) chochLineWidth = input.int(1, title="MSB Width", group="Structures", minval=1, maxval=5) currentStructColor = input(color.rgb(255, 4, 0), 'Current structure Color', group="Structures") currentStructLineStyleOption = input.string("-", title="Current structure Style", group="Structures", options= ) currentStructLineStyle = getLineStyle(currentStructLineStyleOption) currentStructLineWidth = input.int(1, title="Current structure Width", group="Structures", minval=1, maxval=5) structHistoryNbr = input.int(10, 'Number of break to show', minval=1, maxval=50) // Fibonacci 1 isFibo1ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1Value = input.float(0.786, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo1") fibo1Style = getLineStyle(fibo1StyleOption) fibo1LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo1") // Fibonacci 2 isFibo2ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2Value = input.float(0.705, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo2") fibo2Style = getLineStyle(fibo2StyleOption) fibo2LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo2") // Fibonacci 3 isFibo3ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3Value = input.float(0.618, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo3") fibo3Style = getLineStyle(fibo3StyleOption) fibo3LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo3") // Fibonacci 3 isFibo4ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4Value = input.float(0.5, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo4") fibo4Style = getLineStyle(fibo4StyleOption) fibo4LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo4") // Fibonacci 5 isFibo5ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5Value = input.float(0.382, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo5") fibo5Style = getLineStyle(fibo5StyleOption) fibo5LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo5") // Draw FVG into graph FVGDraw(_boxes, _fvgTypes, _isFvgMitigated) => // Loop into all values of the array for in _boxes // Processing bullish FVG if(array.get(_fvgTypes, index)) // Check if FVG has been totally mitigated if(low <= box.get_bottom(value)) array.remove(_boxes, index) array.remove(_fvgTypes, index) array.remove(_isFvgMitigated, index) box.delete(value) else if(low < box.get_top((value))) box.set_bgcolor(value, mitigatedFvgColor) // Mitigated FVG Alert if(not(array.get(_isFvgMitigated, index))) alert("FVG has been mitigated", alert.freq_once_per_bar) array.set(_isFvgMitigated, index, true) // Reduce FVG if needed if(isMitigatedFvgToReduce) box.set_top(value, low) box.set_right(value, bar_index) // Processing bearish FVG else // Check if FVG has been mitigated if(high >= box.get_top(value)) array.remove(_boxes, index) array.remove(_fvgTypes, index) array.remove(_isFvgMitigated, index) box.delete(value) else if(high > box.get_bottom((value))) box.set_bgcolor(value, mitigatedFvgColor) // Mitigated FVG Alert if(not(array.get(_isFvgMitigated, index))) alert("FVG has been mitigated", alert.freq_once_per_bar) array.set(_isFvgMitigated, index, true) // Reduce FVG if needed if(isMitigatedFvgToReduce) box.set_bottom(value, high) box.set_right(value, bar_index) // Arrays variable var array structureLines = array.new_line(0) var array structureLabels = array.new_label(0) var array fvgBoxes = array.new_box(0) var array fvgTypes = array.new_bool(0) var array isFvgMitigated = array.new_bool(0) // Price variables var float structureHigh = 0.0 var float structureLow = 0.0 var float fibo1Price = 0.0 var float fibo2Price = 0.0 var float fibo3Price = 0.0 var float fibo4Price = 0.0 var float fibo5Price = 0.0 // Index variable var int structureHighStartIndex = 0 var int structureLowStartIndex = 0 var int structureDirection = 0 var int fibo1StartIndex = 0 var int fibo2StartIndex = 0 var int fibo3StartIndex = 0 var int fibo4StartIndex = 0 var int fibo5StartIndex = 0 // Line variable var line structureHighLine = na var line structureLowLine = na var line fibo1Line = na var line fibo2Line = na var line fibo3Line = na var line fibo4Line = na var line fibo5Line = na // Label variable var label fibo1Label = na var label fibo2Label = na var label fibo3Label = na var label fibo4Label = na var label fibo5Label = na // Define FVG type isBullishFVG = high < low isBearishFVG = low > high // Bullish FVG process if(isBullishFVG and isFvgToShow) // Add FVG into FVG's array box _box = box.new(left=bar_index - 2, top=low , right=bar_index , bottom=high , border_style=line.style_solid, border_width=1, bgcolor=bullishFvgColor, border_color=color.new(color.green, 100)) array.push(fvgBoxes, _box) array.push(fvgTypes, true) array.push(isFvgMitigated, false) // Check if FVG to show is upper than user parameter if(array.size(fvgBoxes) > fvgHistoryNbr + 1) // Delete the FVG and its index from arrays box.delete(array.get(fvgBoxes, 0)) array.remove(fvgBoxes, 0) array.remove(fvgTypes, 0) array.remove(isFvgMitigated, 0) // Bearish FVG process if(isBearishFVG and isFvgToShow) // Add FVG into FVG's array box _box = box.new(left=bar_index - 2, top=low , right=bar_index , bottom=high , border_style=line.style_solid, border_width=1, bgcolor=bearishFvgColor, border_color=color.new(color.red, 100)) array.push(fvgBoxes, _box) array.push(fvgTypes, false) array.push(isFvgMitigated, false) // Check if FVG to show is upper than user parameter if(array.size(fvgBoxes) > fvgHistoryNbr + 1) // Delete the FVG and its index from arrays box.delete(array.get(fvgBoxes, 0)) array.remove(fvgBoxes, 0) array.remove(fvgTypes, 0) array.remove(isFvgMitigated, 0) // Draw FVG FVGDraw(fvgBoxes, fvgTypes, isFvgMitigated) // Initialize value for bar 0 if(bar_index == 0) structureHighStartIndex := bar_index structureLowStartIndex := bar_index structureHigh := high structureLow := low highest = bar_index > 10 ? ta.highest(10) : ta.highest(bar_index + 1) highestBar = bar_index > 10 ? ta.highestbars(high, 10) : ta.highestbars(high, bar_index + 1) lowest = bar_index > 10 ? ta.lowest(10) : ta.lowest(bar_index + 1) lowestBar = bar_index > 10 ? ta.lowestbars(low, 10) : ta.lowestbars(low, bar_index + 1) structureMaxBar = bar_index + get_structure_highest_bar(10) structureMinBar = bar_index + get_structure_lowest_bar(10) lowStructBreakPrice = isStructBodyCandleBreak ? close : low highStructBreakPrice = isStructBodyCandleBreak ? close : high isStuctureLowBroken = (lowStructBreakPrice < structureLow and lowStructBreakPrice >= structureLow and lowStructBreakPrice >= structureLow and lowStructBreakPrice >= structureLow and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex) or (structureDirection == 2 and lowStructBreakPrice < structureLow) isStructureHighBroken = (highStructBreakPrice > structureHigh and highStructBreakPrice <= structureHigh and highStructBreakPrice <= structureHigh and highStructBreakPrice <= structureHigh and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex) or (structureDirection == 1 and highStructBreakPrice > structureHigh) if(isStuctureLowBroken) // Check if structures to show is upper than user parameter if(array.size(structureLines) >= structHistoryNbr) // Delete the line and its index from arrays d.delete_line(array.get(structureLines, 0), array.get(structureLabels, 0)) array.remove(structureLabels, 0) array.remove(structureLines, 0) // Create BOS line if(structureDirection == 1) array.push(structureLines, line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc=xloc.bar_index, extend=extend.none, color=bearishBosColor, style=bosLineStyle, width=bosLineWidth)) array.push(structureLabels, label.new((bar_index + structureLowStartIndex) / 2, structureLow, text="BOS", style=label.style_none, textcolor=bearishBosColor)) // Create CHoCH line else array.push(structureLines, line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc=xloc.bar_index, extend=extend.none, color=bearishChochColor, style=chochLineStyle, width=chochLineWidth)) array.push(structureLabels, label.new((bar_index + structureLowStartIndex) / 2, structureLow, text="CHoCH", style=label.style_none, textcolor=bearishChochColor)) // Update values for new structure structureDirection := 1 structureHighStartIndex := structureMaxBar structureLowStartIndex := bar_index structureHigh := high //highest structureLow := low // Check for breakout else if(isStructureHighBroken) // Check if structures to show is upper than user parameter if(array.size(structureLines) >= structHistoryNbr) // Delete the line and its index from arrays d.delete_line(array.get(structureLines, 0), array.get(structureLabels, 0)) array.remove(structureLabels, 0) array.remove(structureLines, 0) // Create BOS line if(structureDirection == 2) array.push(structureLines, line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc=xloc.bar_index, extend=extend.none, color=bullishBosColor, style=bosLineStyle, width=bosLineWidth)) array.push(structureLabels, label.new((bar_index + structureHighStartIndex) / 2, structureHigh, text="BOS", style=label.style_none, textcolor=bullishBosColor)) // Create CHoCH line else array.push(structureLines, line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc=xloc.bar_index, extend=extend.none, color=bullishChochColor, style=chochLineStyle, width=chochLineWidth)) array.push(structureLabels, label.new((bar_index + structureHighStartIndex) / 2, structureHigh, text="CHoCH", style=label.style_none, textcolor=bullishChochColor)) // Update values for new structure structureDirection := 2 structureHighStartIndex := bar_index structureLowStartIndex := structureMinBar structureHigh := high structureLow := low //lowest else if(high > structureHigh and (structureDirection == 0 or structureDirection == 2)) if(not(isStructBodyCandleBreak) or not(isStructBodyCandleBreak and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex)) structureHigh := high structureHighStartIndex := bar_index else if(low < structureLow and (structureDirection == 0 or structureDirection == 1)) if(not(isStructBodyCandleBreak) or not(isStructBodyCandleBreak and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex)) structureLow := low structureLowStartIndex := bar_index structureRange = math.abs(structureHigh - structureLow) // Affichage de la structure actuelle if(isCurrentStructToShow) d.delete_line(structureHighLine, na) d.delete_line(structureLowLine, na) structureHighLine := line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc.bar_index, color=currentStructColor, style = currentStructLineStyle, width = currentStructLineWidth) structureLowLine := line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc.bar_index, color=currentStructColor, style = currentStructLineStyle, width = currentStructLineWidth) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo1ToShow) d.delete_line(fibo1Line, fibo1Label) fibo1Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo1Value) : structureLow + (structureRange - structureRange * fibo1Value) fibo1StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo1Line := line.new(fibo1StartIndex, fibo1Price, bar_index, fibo1Price, xloc.bar_index, color = fibo1Color, style = fibo1Style, width = fibo1LineWidth) fibo1Label := label.new(bar_index + 20, fibo1Price, text = str.tostring(fibo1Value) + "(" + str.tostring(fibo1Price) + ")", style = label.style_none, textcolor = fibo1Color) // Affichage du Fibonnacci 2 de la structure actuelle if(isFibo2ToShow) d.delete_line(fibo2Line, fibo2Label) fibo2Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo2Value) : structureLow + (structureRange - structureRange * fibo2Value) fibo2StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo2Line := line.new(fibo2StartIndex, fibo2Price, bar_index, fibo2Price, xloc.bar_index, color = fibo2Color, style = fibo2Style, width = fibo2LineWidth) fibo2Label := label.new(bar_index + 20, fibo2Price, text = str.tostring(fibo2Value) + "(" + str.tostring(fibo2Price) + ")", style = label.style_none, textcolor = fibo2Color) // Affichage du Fibonnacci 3 de la structure actuelle if(isFibo3ToShow) d.delete_line(fibo3Line, fibo3Label) fibo3Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo3Value) : structureLow + (structureRange - structureRange * fibo3Value) fibo3StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo3Line := line.new(fibo3StartIndex, fibo3Price, bar_index, fibo3Price, xloc.bar_index, color = fibo3Color, style = fibo3Style, width = fibo3LineWidth) fibo3Label := label.new(bar_index + 20, fibo3Price, text = str.tostring(fibo3Value) + "(" + str.tostring(fibo3Price) + ")", style = label.style_none, textcolor = fibo3Color) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo4ToShow) d.delete_line(fibo4Line, fibo4Label) fibo4Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo4Value) : structureLow + (structureRange - structureRange * fibo4Value) fibo4StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo4Line := line.new(fibo4StartIndex, fibo4Price, bar_index, fibo4Price, xloc.bar_index, color = fibo4Color, style = fibo4Style, width = fibo4LineWidth) fibo4Label := label.new(bar_index + 20, fibo4Price, text = str.tostring(fibo4Value) + "(" + str.tostring(fibo4Price) + ")", style = label.style_none, textcolor = fibo4Color) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo5ToShow) d.delete_line(fibo5Line, fibo5Label) fibo5Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo5Value) : structureLow + (structureRange - structureRange * fibo5Value) fibo5StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo5Line := line.new(fibo5StartIndex, fibo5Price, bar_index, fibo5Price, xloc.bar_index, color = fibo5Color, style = fibo5Style, width = fibo5LineWidth) fibo5Label := label.new(bar_index + 20, fibo5Price, text = str.tostring(fibo5Value) + "(" + str.tostring(fibo5Price) + ")", style = label.style_none, textcolor = fibo5Color) plot(na) barcolor((high <= high and low >= low and close >= open) ? #04fd11: na) barcolor((high <= high and low >= low and open >= close) ? #f70303: na) //-----------------------------------------------------------------------------// //indicator("Filter out Weak pivot highs/lows", overlay = true) lb =input.int(15, 'pivots: lookback/forward', group = 'Pivots highs & lows', tooltip = "larger number for more significant pivot highs / pivot lows") atrMult =input.float(1.5, "Spikeyness Index", minval = 0, step =0.1, inline ='2', group = 'Pivots highs & lows', tooltip = "For catching only the 'spikier' pivot highs/pivot lows Setting to =0 will effectively remove this condition and plot standard pivot highs/lows Increasing this number will filter out smooth/unimpressive pivot high&lows; Represents local ATR multiple for distance from local Moving average a high or low must be Setting of 1.5 seems optimal on 15m chart with pivot lookback/lookforward = 15") useSpikeyCond =input.bool(true, "use spikey condition", inline ='3',group = 'Pivots highs & lows', tooltip ="toggle off to see how typical pivots are painted; to notice the difference/improvement") confirmOnClose = input.bool(true, "wait 1x bar to confirm (avoid repainting)", inline ='4',group = 'Pivots highs & lows', tooltip = "default is ON, waits for realtime bar to close before confirming Pivot H/L Toggle this off to get Pivot highs confirmed one bar earlier, but at the cost of sometimes causing repainting") int x = confirmOnClose?1:0 pivHigh = ta.pivothigh(high, lb, lb) isPivHigh = na(pivHigh)? false:true atr = ta.atr(2*lb) maH = ta.sma(high, 2*lb) bool spikyH = useSpikeyCond?pivHigh > maH+atrMult*atr:true var float ph = 0 if isPivHigh if spikyH ph:=pivHigh label.new(bar_index-(lb+x), high , text ="High",color=#feffff) pivLow = ta.pivotlow(low, lb, lb) isPivLow = na(pivLow)? false:true maL = ta.sma(low, 2*lb) bool spikyL = useSpikeyCond? pivLow < maL-atrMult*atr:true var float pl = 0 if isPivLow if spikyL pl:=pivLow label.new(bar_index-(lb+x), low , text ="Low", style = label.style_label_up, color = #feffff) by ripfumelorefie7290
USDJPY Upside downtrendline breakout At 156.987. 10.06.2024Upside downtrend line breakout in USDJPY at 156.987. If breakout holds: Target 1: 157.270. Target 2: 157.728 if 157.270 is broken. If breakout fails: Target 1: 156.786. Target 2: 156.529 if 156.786 is broken. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby BDSwiss_Academy114
Bank of Japan Intervenes Again - USDJPY LongsMarket Analysis by The Forex Messiah The USDJPY has experienced bearish pressure due to recent interventions by the Bank of Japan (BoJ), which has been purchasing Yen to stabilise its currency. According to Bloomberg, the BoJ has spent over $62 billion in the past month on these interventions. Despite significant USD strength over the JPY driven by the interest rate differential, the chart shows prices dipping below the 155 level, indicated by the grey boxes . This suggests that the BoJ's efforts have had a noticeable impact on the exchange rate. It's crucial to consider that the BoJ may continue its intervention strategy, potentially leading to further corrections in USDJPY. Therefore, effective risk management is essential, including taking partial profits to safeguard against volatility. My entry on USDJPY: I am in a buy trade from 155.700. I plan on monitoring Monday and Tuesdays price action to potentially add to my positions ahead of Wednesdays CPI numbers. The following is news and data we need to keep an eye out for over the coming week: Core CPI m/m, CPI m/m, CPI y/y Federal Funds Rate FOMC Economic Projections FOMC Statement FOMC Press Conference Core PPI m/m PPI m/m Unemployment Claims Prelim UoM Consumer Sentiment Good luck guys!Longby TheForexMessiah0
USDJPY TRADE SETUPWait for retest the key level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon1
USDJPY Analysis: Opportunities for Shorting EnthusiastsUSDJPY is still pretty bullish, but for those looking to short, here's what I'm watching: Daily Chart: - Signal : Retest of the broken trendline - Entry : Wait for MCC 1-Hourly Chart : - Bearish Deep Gartley Pattern at 157.33 - Conservative Entry : Wait for MCC, preferably a retest on the PRZ (Potential Reversal Zone) with RSI Divergence What's your trade plan for USDJPY? Comment down below and share your thoughts! Happy trading!Shortby RaynLim0
USD/JPY Potential LongPotential USD/JPY Setup to go long once we have the pullback on the demand area of the analysis. Targeting the liquidity pool above, lots of upside potential.Longby andrefx241
usdjpy not should more than this!!!usdjpy not should more than this!!! check cryprich on tlgrmShortby drfahim2
USDJPY BUY OPPORTUNITY Price made a bullish move upto 0.7% increase as at Friday. This shows there could be a possible buy opportunity from the current market price. Target is 157.6Longby Cartela4
USDJPY LowerTrying USDJPY lower here. We seem to have broken a rising wedge which is a nice technical setup. We have some big data for the US economy this week with ISM services, NFP and JOLTS. i think US data continues to weaken this week and so leads to lower US yields which should mean lower USDJPY. USDJPY is already quite high relative to rate differentials. sentiment and positioning is also extremely high. idea is for USDJPY to move lower this week on weaker data, if the data is much stronger than expected then the idea no longer makes sense. Also if USDJPY isn't much lower by the end of the week then it likely wouldn't make sense for next week but i will update then. Not trading/investment advice, feedback welcome!Shortby Spinning_Updated 2
USDJPY in Ascending Channel ! 200 Pips UP! Dear Traders, i expect price will move up to middle of channel, First Target : 158.800 Second Target: 160 dont Forget like&Comment please! regards, Alireza!Longby alirezakUpdated 4
USDJPY ( 4H ) UPWARD USDJPY Tendency the price is under bullish pressure between 156.773 Turning level : The turning level 156.773, so as long as the price above this level, there will be a bullish trend resistance level : stable the turning level 156.773, the price will rise to157.931 as long as the price stabilize this level , there will be reach 159.134 support level : The trading stabilizing below156.773 , the price will reach the support level of 155,854 and154.700 corrective level : price will attempt 156.773, correct itself before upward Longby ArinaKarayi2
(Add-IN) USD/JPY - Zone de SELL intéressante ! Bonjour a tous ! nous passons haussier sur l'USD/JPY ! -Voici mon avis sur l'USD/JPY : -Nous avons de la liquidité. -Nous avons une zone intéressante. -Nous avons le fibo optimal. -Nous avons une accumulation avant/sur la zone. -Nous somme avec la tendance. Voilà pourquoi je verrais donc l'USD/JPY rebondir sur la zone et chuter ! 🚀 Si vous avez aimé et si vous en voulez plus, n'hésitez pas à vous abonner et Boost la publication !Shortby ex_rico1
Daily USD/JPY UpdatesHello Traders! As we can see yesterday was a down day and I like to buy after those days. Overall NFP has pushed price towards the HTF trend. Let's see if it keeps up. Long07:20by ForensicForex4
billyforexsa whats good guys i hope yall enjoyed todays day course WOW .....going back i shared a signal to yall guys pairs which we selected were (xausd/usdjpy) which both went through strategy which confirmed it Longby vesimsezane2
USD JPYUSD JPY short idea Accepting Daily FVG Entry after NFP late I'm waiting for the withdrawal of liquidity... the assumption is that I will go for the price of 156,200 156,600 SL TP 154,000Shortby teriforexpremiumUpdated 0
USDJPY: Swing Sell Happening! AB=CD PatternFX:USDJPY Price is currently in process of making AB=CD pattern; after USDJPY created a record Higher High, most of the traders were expecting price to drop heavy and it just did that. After dropping heavily, price made some correction and formed a AB=CD pattern which is where we can expect price to drop exactly in same amount as A to B made. Our final target is 145-147 which will be somewhere 800-1000 pips. Use proper risk management. Shortby Setupsfx_Updated 121236
Looking for a SCALP BEFORE NEWS, I'm not Crazy !!!hey guys just sharing what I'm looking for to take a scalpShortby MPfx_trader220