The Yen and thus, the Bank of Japan, is in a rather precarious position. (Then again, when was the last time they weren't - in a precarious position?? ... .) Admittedly, our Japanese is somewhat rusty lately but nowhere in the monetary manual did we find where it says: "Lending rates must be fixed at <0% or >10%, at all times!" So, when the BoJ hangs it's hat...
Greetings to traders from across the globe, Allow me to introduce myself as Alexandre Karim , and I shall now embark upon presenting my comprehensive analysis pertaining to the CAD/JPY exchange rate. Firstly, it is patently evident that an upwardly inclining channel has been manifesting itself since the advent of the year 2020. Furthermore, it is noteworthy...
Hello traders around the world! My name is Alexandre Karim and today I'll be showing you my plan on CADJPY. First of all if we go back to the weekly chart, we can clearly see that the price reached a mass psychological level at 106.420 since December 2014. The price formed an ascending channel, corrective to the upside from May 2022 till November 2022 & reversed...
Hello Traders around the world. My name is Alexandre Karim & today we will be talking about the positions that I took on EURJPY. As you can see in the picture, the price reached a mass psychological level then started to form an ascending correction by moving slightly sideways. I was waiting for a reversal pattern to happen for a short position first entry &...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders around the world! My name is Alexandre Karim from the primes community & today we will talk about NZDJPY. First of all, let us take a look on the higher time frame (Weekly chart) and draw a major trend line catching the high of Monday 16 July 2007 (98.000) & the high of Monday 5 January 2015 (94.000) and prolong it till it reaches the current price...
Hello traders around the world! CADJPY on the weekly chart is looking great as the price is reaching a key area on the upper trend line. I won't be focusing on long positions in these 3 areas. I will be focusing on taking reversal patterns for short positions. 1st area is at the weekly upper TL around 115.000 2nd area is at the mass psychology rejection line...
Hello Traders, As you previously saw on my latest two posts on USDJPY, I was planning to short this pair & executed on the 15 mins time frame. Currently running 14% and locked at 10% Current plan: Keep on trailing the trade and locking above 1H corrections. #THEPRIMES
Hello traders ! USDJPY is currently between two mass psychology levels: 135.179 & 147.728 Given that the price is between these two levels, we should be really patient and execute properly without having the FOMO (Fear of missing out) the trade. USDJPY currently broke the ascending channel on the 4H chart and its forming a bearish flag on the 1H chart...
Following four confirmations - Price Action - Fibonacci - Pivot Points - 21/8 Crossover
Hello Traders Around The World! CADJPY looking amazing. Beautiful set up for a short position plan. As you can see, CADJPY reached a mass psychology at 106.513. The price started to test this area with a correction + Ascending channel. I will be focusing on taking a reversal pattern in this area & execute when the price breaks to the downside. Patience is...
Eurjpy is now in a major upside. RSI confirmation of the upside . we are currently in the wave 5 of 1 of 3
One of my favourite JPY pairs, not in a hurry to jump in this one need more confirmation of the Short bias. If Price breaks out of the ascending I'll take the first flag out, but If Price tests the High one more time I'll wait for the impulse down then take the first flag.
If support forms and holds I will be looking for longs in region/ zone I have marked. First take profit at 25 pips and second take profit at 45 pips. Price has rejected here on July 10TH. When in profit move stop loss to break even.
I am looking for sell if we get some rejection in this region. Stop loss 12 to 20 pips. 20 pip first tp 50 second tp. Might happen during asia session.