Jpyshort
USDJPY SHORT SWING TRADE SELL OFFUsd/Jpy Daily - Price under trend line, fib and structured resistance. Good sell opportunity for 500-600 pips. This correlated well with Usd index weakness technically.
JPY: continuation of the downward trend.A break down of the support level of the Nikkei index may cause a simultaneous decrease in the yen.
JPY: Possible scenario for a long-term downtrend.Two long-term downward resistance levels may be the target of the current upward movement.
CADJPY buy soonCADJPY is forming very well to buy and
back to uptrend on Daily/Weekly timeframes.
I can see huge resistance in front of us with strong trendline
which is holding for a long time.
We are watching for break Trendline + Resistance, retest
and then buy until 84,8 area and then higher.
First tp: 84.8 area
Don't forget to trade with proper RM/MM and caution
Good luck everybody.
#USDJPY (WK) Time, R abcd, and confluenceGood spot to load up. 106.5 is critical for long term momentum and the bullish 50 I have mapped out of monthly.
PRZ=107.150-106.450
Note vertical timeline.
>110 jeopardizes the idea. See linked chart
Bearish Crab Pattern(possible)From a technical standpoint this pattern can be considered a bearish crab but not a perfect one. Specifically the B point is not a precise 61.8 retracement.
From a fundamental standpoint there is a "risk on" attitude with eur(french elections) and aud(CPI - Friday) and so the JPY is being sold.
Can you infer or confirm my assumptions?
Gbp/Jpy short term pullback than buyExpecting the pair to make one more corrective move and than continue the bigger move up towards 147-148.
JPY: continuation of the downtrend.A model of continuation of the downward trend is forming - a downward consolidation.
Nikkei (JP225USD)Japan has been in a channel since the end of 2016, after the break of a wedge formation on the 12/03/17 coupled with a SAR swap and a fall outside the Keltner further bearish movement has been expected. This was tested on the 11/04/17 as the Nikkei convincingly closed outside of the channel. Today we have had confirmation of that break out.
JPY: continuation of the downward trend.A break down of the support level of the Nikkei index may cause a simultaneous decrease in the yen.
Breakdown of long-term consolidation down.Breakdown of long-term consolidation down can lead to the development of a long-term downtrend. The development of the downward trend on the index will stimulate the development of the downward trend of the yen.
Breakout support- NZDJPYPrice has broken a key support level. Maybe is risky to sell at this moment, because RSI is overselled. Better to wait for pullback to consolidate that break and then open a short position.
What's really driving USD at the moment10 year yields.
2.30% level has been very supportive.
Breakout of the wedge will mean uptrend will continue.
Fundamentally this is supported by higher term premia being demanded, and Chinese flight capital leaving the UST market.
I'm long USD and will add to my positions if 10 year yields really start to move a lot higher.
GBPJPY - ShortGeneral price decline on the GJ. Broke through previous key level 140 and retraced to retest 140.3 (and failed). Looking at a continued decline down to 2017 support @ around 137.
EurJpy - ShortEurJpy has broken down through key level 120.55 (2017 Supp) and is continuing the downtrend from late 2016. Continual lower highs and lower lows.
EURJPY (15min) Long opportunity with 2618 & gartleyWe find another similar opportunity as yesterday to buy with completion of 2618.
The big gartley has not yet been violated and is still a signal that adds to this case.
Orders are pending, Im shooting for two targets with respect of the gartley.
EURJPY (15min) 2618 long opportunity - Combined with GartleyWe have a 2618 playing out after D completion of a Gartley seen on 4H
Im shooting for 2 targets this time with conventional 0.382 fib of gartleys C-D leg in mind.
Orders are pending, lets see if we get filled.
EUR JPY - SHORTPotential short on the EUR JPY chart. Serious down trend which increased in steepness. The price has broken through the 2017 low at 120.50 and is heading to a previous low of around 118.7
We have had a retirement around fib 0.618 up to 0.786 and a recent retracement at 0.236. Looking for the downtrend to continue to 118.69
EURJPY Patterns forming 15min/60min1. Bearish bat formation which turned out a winner, but not before putting up a fight.
I entered this one since we also had a previously tested support and resistance area.
2. If the marked decides to push the price down we could see a complete bat formation. Although Im not too happy about the bullish trendline being violated, which itself is a bearish signal. Not an optimal scenario for a bullish bat. However, patterns are patterns. Its up to you and your plan to decide whether or not to take this one.
3. Lovely, both bearish cypher and gartley completing at (almost) exact same level.
We also have bearish trendline as resistance previous structure as resistance.
Alternative.
Price action violates C-leg of #2 bat before plumming down, which leaves neither #3 completion or #2 completion.
Since #1 won I'm happy either way, but lets prepare ourselves just in case the race is on!
