Yenpairs
GBPJPY VIEWGBPJPY could make both moves, it's just to wait and see. Hope you can take advantage of the movement.
GJ (GBP/JPY) Double tops and divergence
GJ (GBP/JPY) formed Double tops and divergence in my macz-vwap and daily chart, DeMarker and CCI's is highly overbought showing for trend reversal.
Momentum squeeze and Momentum stochastic is beginning for the bear candle-stick expected to bounce below mtf ema again.
Look at day's range and wait for ema to be above you rsi line for a good entry and confimation. DAX is beginning the bearish-trend while JXY is beginning for the bull-run.
Leading Indicator NZDJPYIn an attempt to follow market conditions and upcoming news, I've been taking long positions after price hit a major support area. After news is released I assume amateurs are going to push prices lower for a retrace within my box. Trade within the wick and hold until content or just before NFP.
EurJPY Long Term ViewFollow da Waves!! Equal measured move and void fill. Will publish short term setups eventually. Good Luck
CADJPY 400 Pips On The TableAs predicted, CADJPY broke out of the corrective structure on the daily time frame and then formed a smaller flag. This flag has broken to the upside and indicated the start of the move that we have been waiting for.
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Cheers
Linton
EURJPY Bulls on the horizon? Potential LONG TradeThe Monthly chart image below shows the major resistance and support levels to look out for this pair.Currently the price is stuck between 126 and 131 levels and its looking to retest either of those levels again the coming days
Looking at the Monthly charts again it can be observed that the price is confined in the long term triangle. Currently the price is being supported by the 50 EMA monthly which can act as a strong support!
On the weekly chart, it can be seen that the trend is supported by the two long term trendlines. Furthermore a descending wedge was broken which adds to the list of probabilities that price is ready to go up.
Now Finally onto the Daily chart, The price Must break and close above the 50 EMA for the position to be valid for long entry
The Final entry criteria will be based on the 4 hour charts when the price retests the 50 EMA.
When the conditions are right i will place the trade signal in the thread below.
EUR/JPY - Bear Feast & Hunting SeasonYEN pairs seem to be showing the possibility to strengthen considerably against all majors.
Technically speaking, EUR, GBP & USD all fade against the all mighty YEN.
This can only mean one thing: risk-off period. Bears coming out again for another dip.
EUR/JPY Technicals:
- Larger degree correction still leaves room for more down-side.
- Ending Diagonal developing
- Bearish Harmonic approaching fibs
- Fibs Extensions coming
- EW Patterns almost complete
Please like and share if you found this view useful. Thanks.
Many pips ahead!
*If you like what you see then please visit the website.
BULLISH PENNANT POSSIBILTYHye guys, the consolidation looks like the price formed a bullish pennant.
Cheers
Short EURJPY after Monday HypeAll the excitement of EURUSD strengthening had the EURJPY reaching higher than expected gains on Monday. I am shorting this pair at this level as the trend suggests a downward channel well in the upper band. Sales orders at 2 levels: st opened at 130.062 second smaller one at 130.13
SL @ 130.35
Target 1 - 129.71
Target 2 - 126,74
GBPJPY Pending ShortLooking for a short setup at mid 148. Equal measured move, 50% retracement of this move up.
GBPJPY, Weekly Chart: Head and Shoulders PatternHead and shoulders pattern on the weekly GBP/JPY chart. If the pattern plays out, this trade could yield us approximately 1000 pips. Target should be near 133.7 - 134 zone. What do you think?
CAD/JPY IHS LONGLooks like an IHS coupled with a bounce off the trend line. Wise to enter a position at the bottom of this right shoulder with an SL just below the Head. Let's see what happens :0
EURJPY IS A SELLAs I go over the timeframes, price and lagging line has passed the cloud going down. Since its based from the one hour chart, it will take a day to get a major effect going down.
USD/JPY Short IdeaUSD/JPY price action is moving well within a symmetrical triangle and is respecting trend lines. On the day chart the 200 MA (black line) has kissed price as noted (as circled). I would expect the 200 MA to serve as an area of dynamic resistance, and would place a stop loss not to exceed 50 pips above this area. Price action has respected the 61.8% fib level on it's way down. It's possible that price could extend to the 127% fib extension area. This area also serves as a major area of support. I would not enter as a market execution but would allow room for price to retrace to around the 50% fib level. If played out, the reward on this idea would be around 240 pips. This idea is for educational and study purposes only. Trade at your own risk.
USD / Yen - Evolving Head and shoulders - SHORTWe have a far from perfect Head and Shoulders pattern (when is it ever perfect) developing on this pair and if it doesn't break below the open price at 109.8 (50% fib ) then we're going higher, but we're divergent on 4H and at a point of major resistance, so there is more than a 50% probability we could track down the proposed right shoulder.
If and it's always a big if, we then break the neckline (200ema), the proposed target will be established, the distance from the head to the right shoulder, transposed below the neckline @109 another major support and fib level.
I had exactly this scenario on GBP / NZD and it was my most profitable pair this year, but this is the US$ / Yen and we're selling the $, so it's something to monitor carefully.
GBPJPY 147 PSYCH ZONE EXPECTEDIf May closes we have ourselves a evening star formation from resistance on the Monthly in addition to the MA crossover and a 2017 strong TL breach.
A pullback to 147 can be expected and profited from counter trend traders before a well needed melt to the downside. Higher timeframes indicate a long overdue descent is expected in the coming months.
142,5 & beyond.
GBPJPY For A Buy To 153.00OANDA:GBPJPY
As its continuing as an uptrend, GBPJPY has the potential to reach 153.00 by tomorrow. It broke 152.50 as it looks like it wants to rise up. In addition, Thursdays are usually a final day in the market to trade good clear setups. To check the days for Forex pairs volatility, Tradecaptain is highly recommended. According to Tradecaptain, GBPYJPY has the highest day of volatilty for Thursday. You must be on the lookout for price at 153.00 as this is a 50 pip move for those entered at 152.500.
tradecaptain.com
USDJPY Still A Good Buy
You can still get into OANDA:USDJPY for a buy to use as a scalping or intraday move. The price is almost at resistance that will potential be a sell soon. I would take profit for 10-40 pips for those who are trading from Asian session to London session.
usd yen analysis Hi everyone so far I can see this pair going either way: I have made plans for both cases if either is to happen. I have set tps as well as well as alarms in place.
Happy trading , any questions let me know
Kris
