JPYBASKET LONGSWe are going for buys on the long term... We will buy on one of those three order blocks
JPYBASKET trade ideas
JPY index DAILYlast weekly we had a bearish candle close on the daily engulfing the previous day candle(sellers dominating ) and we can see and easy break of daily zone to thedownside
OR
We can have a slight push to the upside to retest the unmitigated daily OB b4 we push to the downside
JPY index WEEKLYOverall on a bearish trend and we be expecting further push tp the downside as the week closed with a sexy weekly bearish candle
⁉️ JPYBASKET - Market AnalysisHello traders!
⁉️This is my analysis on JPYBASKET.
Here I have 2 points of interest, first one I am waiting for a rejection from orderblock around price level 7850. The second one if the price fills the imbalances below and reject from bullish orderblock around price level 7680.
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JPYBASKET READY TO SHOOT TO MOON.📰JPYBASKET has formed a beautiful descending structure with a multiple touch.
JPYBASKET Weekly Analysis ⁉️Here I am still bullish as we can see the price to form higher highs and higher lows, so I am looking only for longs. The price accumulated into the range last week forming SSL and BSL (sell and buy side liquidity). I expect the price could break the range and take out sell side liquidity and reject from bullish orderblock to continue bullish move.
⁉️ JPYBASKET Weekly Analysis Here we can see a reversal, as price broke the structure and forms lower highs and higher highs. I am looking for a long position if the price rejects from bullish orderblock + psychological level 8100 + discount market on Fibonacci. This mean Long on JPYxxx pairs and Short on xxxJPY pairs.
⁉️ How to identify imbalances? ‼️ Imbalances are also known as inefficiencies or FVG (Fair Value Gaps) these are periods in price action whereby means of lopsided order flow, which create porous wakes or gaps in fills. The market will slip to the only available trade levels as a result of thin liquidity and these voids in liquidity will be revisited at a later stage. The market will seek to fill in any missing gaps or missed levels on a trade. Impulse price swings are typically seen with this voids in liquidity. In simple terms imbalances are gaps in the market and the market will always seek in to close or fill those gaps.
JPYBASKET Idea and JPY Trend detection so you can trade JPY pairThis is a great indicator of JPY trend direction. It's the basket! As soon as you see a trend in this chart then trade JPY pairs accordingly.....Good Luck! SHORT then LONG!
JPYBASKET SHORTS 📉📉📉📉 Expecting bearish price action on JPYBASKET as we are in clear bearish market strucutre on the HTF(higher timeframe premise) price didn't made the bullish reversal i was expecting the last week. I think right now price is heading into sell side liquidity 8095 ALL TIME LOW, with that being said i dont think there is a good chance to enter SELL on YEN CROSSES such as EJ/AJ/NJ/GJ.
What do you think ? Comment below..
JPY BULLISH ✅✅✅✅ Expecting bullish price action on JPY and a trend reversal from bearish into bullish as we have multiple imbalances area aka price ineffiency that price will try to close in the upcoming days/weeks. We have a clear rejection area somewhere around institutional figure 8200 and i think this area will hold as a LOW for a very long time. Buy Side Liquidity as the first take profit area.
What do you think ? Comment below..
JPY Index_Update_1st week of April 2022Good Day,
Here are some updates in JPY index:
1. Price now in its correction process after JPY gaining momentum and bullish impulse happened last week which resulted massive selloff of almost all yen pairs
2. Since JPY in its correction process we can notice all yen pairs start making correction with clear structure and pattern
3. We would monitor any price action at the previous broken trendline i.e. 50% fib level) to see any price rejection or pullback
4. Price may drop even lower to the recent low level
JPYBASKET potential for bearish dip! | 30th March 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 8467 in line with 78.6% Fibonacci Projection towards our Take Profit at 8096 which is a graphical swing low. Prices are trading below our ichimoku cloud resistance, further supporting our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPY Index_Update 3rd Week March 2022What information can we derive from JPY Index:
1. Yen is heading towards major swing low trendline. We notice price bounce 2 times in Jun 2020 & May 2021 and we predict it will follow the same pattern
2. From eWave perspective, Yen is in process to complete the final wave (wave 5)
3. It previously broke the correction process of subwave 1 & 2 and currently heading towards completing subwave 3
4. We predict price bounce from the trendline (end of subwave 3) and start making correction towards 61.8% fib level which the only nearest level that we can see to open or close our position
What is our bias:
JPY Bounce from trendline and hopefully gaining strength which turnout to be XXXJPY to Sell
JPY Index _UpdateFrom the chart, we have identify a complete 5 waves which previously lead to major bearish impulse. At this time, it's difficult to identify a bigger corrective structure and we noticed only wave A has completely formed
Using a parallel channel to measure a rejection from the swing low trendline where likely a start of wave B
Only interest to go for Short for yen pairs i.e. xxxjpy (Sell) if it's only a confirm bullish on Yen index
JPYBASKETThis is how i see the coming movement of JPY baske which it may lead to have a long term bullish movement on JPY pairs
JPYBASKET potential for pullback! | 8th March 2022Prices are at a strong resistance. We se the potential for a short from our sell entry at 9200 in line with 127.2% Fibonacci extension towards our Take Profit at 9090 in line with 61.8% Fibonacci Projection and 127.2% Fibonacci Projection. RSI is at levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Failure Swing (SMS) and how to trade it‼️ When there is an uptrend market and the price fails to break the last top (Swing High) and breaks the previous bottom (Swing Low), an SMS is considered to have occurred (vice versa for Bearish). Also, this pattern is considered a good confirmation for reversal.
Try to use it and you will make your analysis better!!!
JPYBASKET SHORTS 📉📉📉📉 Expecting bearish price action on JPY as price touches 9200 institutional figure and takes out liquidity above the old high, the price moved inefficient last week with a lot of imbalances that has been left on the chart. I think on monday we will see a nice retracemnet on JPY meaning XXX JPY pairs bullish.
What do you think ?
JPY INDEX - MASSIVE LONGS on GJ, UJ, CJJPY index just broke our TL, this little situation has presented a lot of LONG opportunities on the IJPY quotes currencies. We are patiently waiting for the 61% fib to get taken then we have ourselves a massive LONG opportunities on GBPJPY, CADJPY, USDJPY.
LIKE AND FOLLOW to see my follow up post on the exact entry and targets on those pairs. This can be an easy 1000pips profit.
