Jpyshort
EUR/JPY GapA small gap formed Sunday that needs filling.
'Hard Brexit' exaggerations were called out this morning, may assist this trade and any Sterling traders alike.
Enjoy
USD/JPY, DAY CHART, LONG (20-NOV-2016)USD/JPY was very bullish over the past 2 weeks.
We are still bullish for this pair too.
Nedd to monitor closely.
If the price breaks the resistance zone strongly, wait for pullback and long for this pair :)
Risk to Reward Ratio is 1:2
Trade with right risk management :)
USDJPY SHORTUSDJPY ABCD PATTERN IN PROGRESS THE NFP REALLY HELPED THIS MOVE I STILL THINK THIS HAS A FEW MORE DAYS TO DROP AND MAY HIT THE D EXTENSION
GBPJPY - SHORTIt hit the price level that it tested before and is now going to break through to the next price level of 150.600
GBP/JPY SHORTRisky set up coming into key 155 level. Could have waited to see if price breaks below this level before entering.
Price going below the key 160 and showing strong downwards momentum. I can see on the weekly and month that there is much lower to go.
Price is still making lower lows, and lower highs. Got some news to trade through, although on the surface this may help push the trade further in the dowards direction with current economies.
LONG AUD/JPYThe Aussie has become somewhat neutral currency due to the halting of monetary easing giving the opportunity for the AUD to rally from lows against weaker currencies. On the JPY side of the trade the BoJ are actively intervening in the FX space to keep their currency weak. The dangers of this trade are the safe haven flows strengthening the JPY momentariy. However with the upcoming potential for further montary easing from the BoJ we should see this currency pair strengthen in the mid term. lear to trade like a pro bankonadam.com
