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randomrandom888

• other japanese pairs are already in downtrend except for USDJPY moving in sideways • "Eve & Eve" Double top is formed, indicating that the downside movement for this pair is not that strong and straightforward like GBPJPY did last few days • the pattern is broken down and price retest successfully • the two last 4H candles are hammer, IN the support area AND...

randomrandom888

continuing my last "Lazy analysis on Franc-Japanese Yen" i'm using other JPY pairs as leading indicator for trading in CHFJPY this week (08-12 November 2021) it turns out japanese yen is strengthten due to its fundamental where japanese economist.. or.. the chief of something there (i don't know much about fundamental, lol) said that he do wants japanese yen to be...

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the 1st analysis is about chart pattern, there is a bilateral pattern if you draw a triangle from 04 Oct 13:00 (UTC) to 13 Oct 13:00 where it breaks the (bullish) trendline and successfully retesting the trendline this time there isn't any pattern to trade, but the outlook for this pair is still bearish. beecauseeee: • bullish trendline is broken • valid swing...

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• Kiwi-Franc is in a demand zone • last 2 candles are rejecting the demand zone • it is also rejecting the lower band of the bollinger bands • it is, also.. rejecting level 0.5 fibonacci • but the stochastic is pointing down, therefore the ideal entry price is somewhere below 0.65539 • also because the stochastic is still pointing down, stoploss is wider • TP...

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the 1st one was about Supply area (pink rectangle) this one is about chart pattern, ther is a broken Ascending Broadening Wedge pattern but there aren't any pullback(s) yet Entry: fib 0.382-0.618 SL: slightly above the "flipper"/"support become resistance" line TP: alll the way down

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• rejection on the outside of the lower band • stochastic pointing up • no pullback/retest yet on bigger timeframe (H4, in H4 TF it's breaking ABW pattern) Entry: current price SL: swing low (circled area) TP: nearest resistance ±30 pips

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the 1st one was the supply area above, when the price touched the area, it went down >19 pips notice that from the past month, no matter what is the name of the candle (whether it's shooting star, graveyard doji, etc) the price always moves towards Moving Average before an impulsive bearish candle so the entry area for a short position is ranging from...

randomrandom888

be patient, Japanese Yen is in it's Secondary Trend (ST) be patient, wait for it to form a pattern be patient, once it breaks the pattern HODL until it reaches it's good old resistance

randomrandom888

reject resistance area break Ascending Broadening Wedge and successfully retest the pattern with a shooting star candle stochastic is pointing down I believe this is the beginning of it's downtrend after sideways for more than 1 week