Multi-Time Frame, Price Action Analysis on Japanese YEN Strength
Updated
Hi everyone:
Many have asked me about the Japanese JPY pairs outlook and forecast, as we can see they are surely gaining strength across the market.
I am personally live in some of the sell and looking to hold the trade as well as scale in on additional trades as well.
Now let's take a look at the pairs that I am currently in, and as well other JPY pairs from a multi-time frame, price action analysis point of view.
I will go over the best ones to look out for, and share my original analysis/forecast before the moves happened.
In addition, my plan on how to manage the current live positions, and plan on how to scale in new entries as well as other pairs.
Starting from the current positions that I am in:
CADJPY: Currently running + 6%, 6:1 RR
Original Analysis/Forecast:
CHFJPY: Currently running + 3.5%, 3.5/1 RR
Original Analysis/Forecast:
GBPJPY: Currently running + 3.5%, 3.5:1 RR
Original Analysis/Forecast:
EURJPY: Got out for +2.8%, 2.8:1 RR
Original Analysis/Forecast:
AUDJPY:
NZDJPY:
USDJPY: 2 entries total for BE
Original Analysis/Forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Many have asked me about the Japanese JPY pairs outlook and forecast, as we can see they are surely gaining strength across the market.
I am personally live in some of the sell and looking to hold the trade as well as scale in on additional trades as well.
Now let's take a look at the pairs that I am currently in, and as well other JPY pairs from a multi-time frame, price action analysis point of view.
I will go over the best ones to look out for, and share my original analysis/forecast before the moves happened.
In addition, my plan on how to manage the current live positions, and plan on how to scale in new entries as well as other pairs.
Starting from the current positions that I am in:
CADJPY: Currently running + 6%, 6:1 RR
Original Analysis/Forecast:
CHFJPY: Currently running + 3.5%, 3.5/1 RR
Original Analysis/Forecast:
GBPJPY: Currently running + 3.5%, 3.5:1 RR
Original Analysis/Forecast:
EURJPY: Got out for +2.8%, 2.8:1 RR
Original Analysis/Forecast:
AUDJPY:
NZDJPY:
USDJPY: 2 entries total for BE
Original Analysis/Forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Note
During Asia Session I have closed down the 3 positions for now in profit, but still will be looking for sell later on the week if price develops more bearish price action for possible entries. CADJPY: Out for +5.00% profit, 5:1 RR
CHFJPY: Out for +3.00% profit, 3:1 RR
GBPJPY: Out for +3.12% profit, 3.12:1 RR
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