Hey again , my new analysis for usd/jpy : Weekly: The price is below the 200 MA so we look for short bias. The trend may have reversal with evening star from bullish to bearish. The price is under resistance. Signal SELL. Daily : The price is above the 200 MA from middle March. Area of Value : Below daily resistance. Broke the trend line. Signal SELL. H4...
Confirmations: 1. LL created then retest of resistance as support 2. Selling in a downtrend 3. pullback of 38.2% 4. MA's show momentum to the downside 5. 1hr evening star and 15 min engulfing pattern (3 times) 6. Confluence with AUDUSD rising * No trades are perfect and neither are they 100%, always determine the amount of money you're willing to risk...
Sell till the bottom of the wedge Also Divergence!
Very strong bullish move on this pair last week and resistance has been met. I believe this pair has run out of steam and a correction is needed hence my personal bias on this pair is short to the shown level for the time being.
Hey, This is my first post. I will keep posting my idea's and track my losses and wins. Im not using any indicators because I don't believe it will help me. I put much effort into this chart, but deleted everything after so you can get a really simple view. This is my first signal, follow my trading journey ! Wins = 0 Loss = 0 Running = 1
watch for a break of this current support before entering a short. good simple trade set up
This pair is in for a big week next with either a major push to the upwards or downwards. after being in a corrective stage most of the week, we saw a major impulse as expected as it broke through our trend line. i expect further downside as we collect more retail stages with another correct wave and then another push lower. lower lows are expected this week.
Buyer seems to have hit resistance point and seems to be losing strength. Therefore seller has opportunity to overtake buyer in what seems to have been a fake in market.
MArket has reached a daily resistance level and RSI overbought as well we have engulfing bearish candle on 4H and 1H ... Also market touched the higher high of trendline now we can short it with R:R 1:1 for 1st target
If 111.000 is not broken go short currently holding short positions. if 111.000 is broken on a 4hr time frame go long.
Potential Buy now to the top and then there's a potential reversal (sell) back to the bottom.
Its the FOMC afterall, rate decision could be priced in, only 3 and not 4 times this year, conservative first press conference from Powell All these could be factors which would cause the FOMC to disappoint, and in this scenario, drive the USD lower This would make the USDJPY a potential setup as price gets trapped in the 106.50 and 105.50 range we'll have to...