My CADJPY analysis. I'm not sure just yet what this pair will do. Naturally, I have a sell bias on a lot of my JPY pairs, however, I'll see what this pair does! But these are the 2 scenarios I see for this pair :).
Hello all! Can you tell that I love JPY pairs? I like to analyze charts on the weekend and here's my analysis for CHFJPY. It seems like on Friday it's created a lower high as seen on the trend line. I'd love to see the price come back to the trend line and create another lower high before falling to that support zone. HOWEVER, if that doesn't come true then I will...
As you can see here, I see 3 possible scenarios for USDJPY. It's been in an uptrend for some. I mostly want to sell as you can tell since 2/3 of scenarios include UJ falling to 132.6. It hasn't seen that 132.7 high since 2002! So should it decide to go up, I'd prefer a deeper retracement, but with the "r" word looming in the US economy I'm not confident that UJ...
EURJPY looks to be in an uptrend based on the 4 hours. I will continue to watch the pair for one of the 2 scenarios above. That'll determine whether I buy or sell EJ. Let's see how next week plays out :).
This is my chart with new zones marked up as well at the trend line touches showing lower highs! I'm looking to sell GJ based on my analysis above. HOWEVER, GJ, can very well restest the 168.3 zone. I'll react to what the market gives me but for now, I'm looking to sell the restest of the neckline in the Head and Shoulders pattern. I'll take what the market gives :).
Looking for a possible sell on GBPJPY. I'm seeing reject on the .618 fibonacci and the candle appears to be closing below zone. If the 5am candle closes bearish as I anticipate it will, I will enter a sell. I normally don't trade on Fridays but this appears to be a great set-up. The Take Profits that I will shoot for are 164.7 and 161.6. Of course, I'd be...
Yesterday I posted my trade idea for GBPJPY! I've dated yesterday's set ups and today's set ups! Let's see how it goes. Price has closed below the SMA AND Support on both the 4hr and hourly. My 166.5 SL seems safe for now. Let's see how it goes.
I've entered a sell on GBPUSD. It's creating lower highs and bouncing off of support. You can see 2 downtrend line on my chart based on the 4 hour. Until those lines are invalidated or broke, I have a bearish bias. Once TP 1 is hit, I'll move my second position to break even! Entry: 1.22645 SL: 1.232 TP 1: 1.2200 TP 2: 1.199 Total Risk 1%.
I normally mark up my my chart using 4 hour zones as seen here and also mark up any trends I see weekly. This is my set-up risking 1.5%. .5% on 3 different entries.