15M TF shows price reversal with an IFVG after a failed to close liquidity grab. The US dollar is gaining momentum and this can be a good discount for more buyers before the inflation report today. Target 148.2
We saw GJ falling of the rising wedge. It continued the upward direction after the BOJ new governor "Un-Impressive speech" . I think GJ will test the resistance and fall back. JPY is currently fundamentally driven and like the Gold , it has not pivot the upcoming interest rate hikes. Interest rate differential is driving the JPY pairs. Any Murmuring on the...
clear down channel on the h4 , we will break the channel but before it breaks up I will watch out for fake outs.
USDJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. (THIS IDEAS VALID NEXT 48 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
ujsdjpy trading plan now is waiting for breakout support or resistance to continues move. good luck traders! disclaimer on
The pair may fall and undergo a corrective abc as price shows possible sign of weakness on its upward momentum. A bearish divergence on this hourly timeframe chart analysis maybe/ can be used as an added conviction of this Elliot wave analysis. #elliotwaveforecast @marketpainterPH
Lets see how this unfolds. USDYen has been very bullish and it even formed a very familiar Head and Shoulder pattern which price now breaking the "neck". Timeframe: Weekly #elliotwaveforecast
M = W = D = H4 = H1 = M15 = M5 = M1 = M = Bullish W = Bullish D = Bearish RANGE H4 = Bearish H1 = Bearish M15 = M5 = M1 = ******************** Black = Monthly Red = Weekly Green = Daily Yellow = H4 SkyBlue = H1 Orange = M30 NavyBlue = M15 Pink = M5 Purple = M1 ********************
M = Bearish W = Bearish D = Bearish H4 = H1 = M15 = M5 = M1 =
Since price broke support and closed below 151.844 on Friday, I'll wait for it to break and close below the yellow trendline to open a short position after that, we could have a pull back to form the right shoulder of a head and shoulder pattern. Let me know what you think in the comments and good luck
-The sentiment is bearish -The price is creating Lower Highs and Lower Lows while being stuck in a descending channel -Some consolidation is needed before we can drop lower -The target is set at a level where the price has been able to bounce a numerous number of times
Daily candle has hit 5th longterm downtrend. Looking for Sell after candlestick reversal
Here on the 4hr timeframe / daily we can see uj made a clear breakthrough to retest previous high points. Will be watching to see to when a pull down finishes to find a long entry if these candles do not got below the previous 4hr breakthrough zone. UJ has been dropping like crazy lately but its uptrend candles can be HUGE if your timing is on point! Safe...
ENJOY!! GO SHORT WHEN LONDON SESSION OPEN! GOODLUCK! CLOSE AFTER LONDON/NY SESSION
ENJOY!!
If we get a break low of 107.695, look for a 24 pip grab; 1:1