⚜ USDJPY Short 280 Pips ⚜
Hello Traders, 🙋♂️🙋♂️🙋♂️
Here we have a
GBPUSD long trade idea. If you like this idea please show your support!
USD
United States Dollar (USD) weakness can be seen as price has hit resistance on its bull run. On the 
DXY chart below we can see price has hit our structure level and trendline. Comparing this to reversal patterns we can see a possible shooting star forming which is a clear reversal indicator. 🌠🌠
DXY weakness
JPY
The Japanese Yen (JPY) has been gaining some strength recently technically and fundamentally. Technically we can see other JPY pairs at their trendline locations for example
NZDJPY below :
JPY strength can be seen here asNZDJPY is at a trendline and structure zone and should push down further
Fundamental Factors :
Overall
Our analysis tells us this pair should push downwards. As we have matched 2 pairs which are moving in opposite directions we should expect some impulses or sudden movements in price action as both pairs factors will push this down further.
If you want to improve your trading, do not hesitate to send me a message! 📲
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
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Here we have a
GBPUSD long trade idea. If you like this idea please show your support!USDUnited States Dollar (
USD) weakness can be seen as price has hit resistance on its bull run. On the DXY chart below we can see price has hit our structure level and trendline. Comparing this to reversal patterns we can see a possible shooting star forming which is a clear reversal indicator. 🌠🌠DXY weaknessJPY
The Japanese Yen (JPY) has been gaining some strength recently technically and fundamentally. Technically we can see other JPY pairs at their trendline locations for example
NZDJPY below : JPY strength can be seen here as
NZDJPY is at a trendline and structure zone and should push down furtherFundamental Factors :
- According to NIKKEI media, Japan is planning an economic stimulus package worth more than 40 trillion yen.
Overall
Our analysis tells us this pair should push downwards. As we have matched 2 pairs which are moving in opposite directions we should expect some impulses or sudden movements in price action as both pairs factors will push this down further.
If you want to improve your trading, do not hesitate to send me a message! 📲
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
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Note
Minor spelling error on intro, It should be USDJPY not GBPUSD
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