AMAT enter LONG ↗Reasons:
above all moving averages
broke the horizontal resistance
bullish seasonality
Seasonaliy
USDJPY: A Bullish reversal ideaBearish Indications
• As per Dow’s theory trend is bearish.
• Key resistance is at 129.570
• 4H Time-Frame overall trend is bearish.
• Seasonal Analysis of USDJPY remain Bearish in January.
• However Seasonal Analysis of JXY for past 10 years January remain bearish.
Bullish Indications
• 4H Time-Frame Higher Low is formed and confirmation of Bullish trend can be ascertaining once Higher High is established.
• On 15M Time-Frame a bullish trend of Higher Highs and Higher Lows is clearly evident.
• Bullish Engulfing/ Three White Soldiers candles are visible.
• Next Support is at 126.459
• Formation of AB=CD indicates a reversal is possible in area of 128.096 and signs of bullish candles put weight to this theory.
• Seasonal analysis of DXY for past 10 years indicates it to remain bullish in January.
• No Divergence is Spotted on RSI Oscillator.
Biased: Long
Plan A (Long)
Entry Long: 1.06255 (Fib Lvl 61.8%)
TP: 130.089 (Fib Lvl 38.2%)
TP2 : 131.937 (Fib Lvl 61.8%)
Stop Loss: 127.826 (Point D of ABCD Pattern)
Risk/Reward: 1:1.18
Manage your Risk Accordingly.
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WYCKOFF / COT PERSPECTIVE ON GBPUSD- Institutional actions preceed price in past 2 years
- COT is inverted to better show correlation between shorts and price
- 2021 was consolidation phase where institutions accumulated shorts
- First 9 months of 2022 was mark down phase
- Driving price to a level where shorts could be distributed with a healthy profit
- Last quarter of 2022 was profit-taking phase where shorts were rapidly unwound
- Short positions is back at levels of begin 2021
- Wait for institutions to kick off a new campaign
- Seasonally begin of year is not trending for GBPUSD
CHFJPY seasonal predictionCHF is picking up strength against CAD, while lesser to JPY. Also looking at recent hammer and rejection wicks. Around this time of the year we may be looking at a bullish trend. Specifically paired with increasing interest rates.
