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Tokyosession

Multi-Timeframe Live TradingThis strategy follows a multi-timeframe approach, using the 4-hour (H4), 1-hour (H1), and 15-minute (M15) charts. We start with the H4 timeframe, which gives us the overall market direction. It’s important to trade in line with this timeframe whenever possible. If there’s no change in direction on the H4, we move to the H1 to guide our next trade decision. If both the H4 and H1 show no change, we continue to follow the H4 trend. For the Tokyo session, we're focusing on CAD/JPY, which has shifted into a short-term uptrend, despite the H4 and H1 remaining in a downtrend. The potential trade for the London session is GBP/USD, aiming to trade the end of a bearish wave on the 15-minute chart. Happy Trading!
Long
by Charts247TradingAcademy
2
Euro Ascendancy: Unveiling EURJPY's Resilience Post-TokyoEURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements typically associated with economic data announcements. Technical Analysis: The currency pair currently positions itself near a robust demand zone identified at the 163.720 level. This zone has demonstrated significant resilience in previous periods, creating opportunities for potential further strengthening. In the realm of technical analysis, the target for strengthening is set at the 167.660 level, reflecting the pivot point since August 2008. Supporting Factors: Euro Strength: Despite a minor correction, the Euro maintains its resilience. Fundamental factors, such as the conservative monetary policy of the ECB, provide robust support for the Euro, particularly after touching a strong demand zone. Japanese Inflation: Despite a modest increase in Japan's CPI by 0.1% since October 2023, this can be viewed as a relatively insignificant impact that merely resulted in a temporary correction, presenting opportunities for short-term strengthening. Historical Price Movement: Historical price movement analysis indicates that EURJPY has the potential to reach its highest level since August 2008. This is attributed to the high-interest-rate policy implemented by the ECB in recent times, acting as a catalyst for this strengthening. Notably, the Euro has shown a robust increase against the JPY since October 30, 2023, with a notable surge of 3.44% as of the time of writing. Risks and Considerations: It's imperative to remember that trading always involves risks, and market conditions can change rapidly. Risks associated with changes in ECB policies, Japanese economic data, or geopolitical factors should be vigilantly monitored. Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading decisions should be based on in-depth analysis and an understanding of associated risks. Trading always carries risks, and past performance does not guarantee future results.
Long
by fardycurry
2
BEWARE FIRST & LAST SESSION HOUR- KDD CORPORATION-30MN- MY IDEASAfter a past long ranging period , we can observe that the KDD CORPORATION curve in 30mn has been at first descending. After a short period with flat movement we observed a change in direction, seeing now the market going up back to the former ranging zone. We see that there is a huge amount of fight between buyers and sellers. For the time being, buyers win! Illustrated by two strong buying signals opportunity to get profits in the long direction. Next: -High probability of seeing the market running up more even in this slop angle. - Beware of the first and last hour of session , major moves has been happening during those times. - Possibility of a short entry around the top dotted black line which is a strong resistance point OR if we observe a large candlestick (one unique candlestick ) going down to break all lines and reshape the market.
TSE:9433Short
by Diallo_Charts_Ideas
ASIAN SESSION 15M GBP PAIRS ROUND NUMBERS SCALPING STRATEGYDuring Asian Tokyo Session trade: GBPUSD, GBPAUD, GBPJPY, GBPNZD. Trading Time Zone: 1 hr before to 1 hr after Tokyo Session. Trade 15m chart. Add a "00" & "50" numbers indicator to chart or add them to your chart. As the new trading day starts, watch how price reacts to those price levels. This pair price came bullish, had a bearish pullback and then a short bullish continuation. That allowed you to enter a bearish sell stop @ 2.0600 in the 1 hour before Tokyo Session. Your bearish take profit is @ 2.0550 so enter a take profit order. Make a hedging Buy Stop order @ 2.0550 or on a second account enter this order. Your bullish take profit is @ 2.0600. Enter a tight 10 pip SL.
Education
by Tradingstrategyguides
Price Action shows Bearish signs on NZDUSD!After a powerful bullish trend the FX:NZDUSD shows a nice indecision candle on top of a resistance area. From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do? I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 minimum. Trading Details: Time Frame: 6hr Entry: Below the low of the indecision candle Stop loss: A few pips above the high of the Indecision Candle Risk/Reward: 1:2 Account Risk: 2%
Short
by daldertg