USDJPY Going Up| Trade AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Tradeanalysis
Is USDJPY going to reach its 50% OE target this time?(1)We have entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily timeframe. According to our OE tables, we can see that there is a more than 40% chance since it is a phase 1 move that the weekly potential high will be taken and for the long move to continue further north.
USDJPY(Short)
E - 147.45
ISL - 146.10
T - TBC
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
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Three Winners from Three Signals - Price Action ExplainedThree Winners from Three Trades with clear and clean price action setups!!
The Video is a review of the three trades from the previous session in Europe and the US.
I take a look at the Price Action the led to the Entry Setups and talk through all the reasoning for the trades.
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Day Trading the Hang Seng IndexDay trading the Hang Seng Index...explanation of the two trades for the day and the price action that led to the setups.
I talk through my approach to Day trading and how I use the indicators along with how to Manage the Risk while in a trade.
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Key Levels and US Market Review for the Asian session open 28/07US markets moved lower on prospects of higher interest rates. Bond yields in the US spiked as to did the USD which pressured dollar denominated assets like Gold, Silver and Copper. The major US indexes moved lower on news that Japan is going to let longer term bond yields move higher which in turn pressured US bonds lower and detracted from the attractiveness of stocks. I expect that there was a lot of profit taken which may continue into the coming US session. I expect Europe will open weaker, especially the DAX, as it plays catchup with the US led selloff.
Expecting a weak open in Asia with the ASX200 to open up 40 pts, the Nikkei to open down 380 pts and Hang Seng to open down 320 pts.
Traders will be keeping an eye on coming economic data and the BOJ press conference today for some direction on Bond yields and in turn share markets.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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Learn this price action setup for the BIGGEST DAY TRADESI walk through the pre-market prep and the price action that led to a big move on the Nikkei Index.
Learning price action means understanding 'WHO' may be trapped and where they will start to feel the pain and be forced to act and potentially close positions....that is when we want to initial a position to take advantage of the move.
The Nikkei index was a great example of knowing when and where to trade which could have led to a big payouts.
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GBPJPY SHORT CONTINUATIONEarlier this week we saw GBPJPY trading around the level of 183.900 where price created a resistance level. Price began to consolidate between the levels of 183.900 (Resistance) and 182.860 (Support). Once price broke the support level of 182.860 we waited for a retest of that broken area, where we then got a confirmation for a bearish pattern. Now looking at where we currently are we can see that price broke and close below a strong support. We can wait for a retest of that level to continue going further down.
3 out of 4 successful GBPJPY shorts so far this week. If price should continue in our favor we will hit our 4th successful trade.
Please share your own opinion and ideas of what you think, if you agree or not. All opinions are welcome.
Daytrade Review on the Hang Seng IndexI small trade today on the Hang Seng Index that turned out to be quick and simple with little to no pressure from the entry. Could have been a better exit but all up it was a good start to the day.
I will explain the price action for the Entry and the reasoning for the trade coming into the start of the session.
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EURUSD 10RR LONG ANALYSISThe past two days have been wonderful personally, having caught a 14RR move on Monday and now catching a 10RR move on Tuesday. EURUSD has been long for a couple of months and all I have done is to wait for bearish retracements and look to position myself into longs to continue its bullish push. This trade is a product of patience and understanding, you can see all my previous posts to see how my bias has remained unchanged and my thought process has been consistent.
Nifty 50Nifty is trading in same range since Friday both movement is expected either give breakout or breakdown if give breakout from range then targets 18820,18872 but it must close and sustain above 18760 for this targets and if give a breakdown then targets 18558,18511 but it must close and sustain below 18746
Research and trade consult your financial advisor before trading I am not responsible for any of ur profit and losses
ANET Entry, Volume, Target, StopEntry: when price clears 178.36
Volume: with daily volume greater than 6.35M
Target: 206 area
Stop: Depending on your risk tolerance; 169.17 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
RNDRUSDT.P Possible going BullishAnother altcoin making its move
But be always be sure to wait for a retest, for every trade you take.
Remember your risk management. Finally Goodluck in your trade.
Potential trade setup Hello traders, this is a complete multiple time frame analysis on this pair. We can find significant trading opportunities as per analysis upon price action confirmation as we take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any question,let me know which pair to cover in my next analysis.
BTC/USDTHead And Shoulders Chart Pattern
The Head and Shoulders pattern is very easy to spot and can be a caution for traders especially when the pattern occurs at the top end of a rally or its bearish counterpart, the inverse head, and shoulders that occurs at the trough of a downtrend.
In the chart above, you can see the basic structure and the setup of the head and shoulders pattern (bullish and bearish). The neckline support (or resistance) is the key as a breakout from this level indicates a shift in the trend.
The most basic way to trade the head and shoulders pattern is to wait for the breakout from the neckline. Some traders prefer to wait for a retest back to the neckline while others simply buy or sell on the breakout. The target is set to a measured move, measured from the head (high or low) to the neckline (support or resistance) and projected from there on.
XAUUSD Pre-London Analysis (27th Jan 2023)Summary:
* Gold bearish after yesterdays news
* Price is at a strong 4h support
* Potential retrace / reversal from this support (buys)
* Or we will see a break below during high volume time but need to
be careful as this is a strong zone and the breakout could get tricky