JPY Basket Daily TF
The JPY Basket is now rejecting off my point of interest (POI) after a bullish run lasting seven days. If the price re-enters the bearish channel, it will confirm a false breakout. Once the JPY Basket closes back within the channel, it is expected to resume its bearish trend and potentially reach a new low.
Jpybasketsell
JPYBASKET SHORTS 📉📉📉📉 Expecting bearish price action on JPYBASKET as we are in clear bearish market strucutre on the HTF(higher timeframe premise) price didn't made the bullish reversal i was expecting the last week. I think right now price is heading into sell side liquidity 8095 ALL TIME LOW, with that being said i dont think there is a good chance to enter SELL on YEN CROSSES such as EJ/AJ/NJ/GJ.
What do you think ? Comment below..
JPY BASKET LONGS 📉📉📉📉 Expecting bullish price action on this index pair as price is making a bullish market strucutre on h4 shifting the strucutre from bearish into bullish, we are retracing right now into a orderblock h4 area filling the bullish imbalance and taking out stops below 9000 important psycho level, if we have a h1/h4 bullish closure then we should expect a leg higher into 9100/9200
What do you think ? Comment below..
JPY could fall very SOON !# GoodChancesHey tradomaniacs,
Its the same old story 👉 The market awaits more inflation-data from the USA aswell as the European Central Banks meeting to get any hints for possible tighter monetary policy plans.
On thursday we get a bunch of important data, such as the U.S. initial jobless claims, U.S. CORE CPI and the ECB Interest Rate Decision which is probably a reason for the market to stay in its current ranges and continue the week with some choppiness.
I`m personally focusing on JPY-Trades today as I see a great chance coming here soon 👉
Looking at the JPY-BASKET we could get a trendcontinuation here very soon and so great chances to sell JPY against other pairs, auch as AUD/JPY, EUR/JPY aswell as GB P/JPY, where I see good opportunities coming soon.
Let`s see! =)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
