JPY CURRENCYPrice is currently forming a bullish flag & expecting the last wave of correction. Then it will perform its new leg up ! Get prepared to short XXXJPY pair !
JPYBASKET trade ideas
JPY INDEX LONG IDEAPrice is currently at a discount and approaching a 1H bullish orderblock. I would like to see those Equal Lows taken and for the Bullish orderblock to be traded into, before an expansion to the upside. The Low resistance liquidity would be my first initial target.
Once price has filled my order, I would shout pairs XXX/JPY pairs after some displacement.
YEN BASKET Yen Basket has dropped and broken structure to the downside after price was made efficient after mitigating a lovely sponsored candle, price may break deeper so should be seeing bearish JPY short term.
JPY BASKET D1In my point of view JPY BASKET
So buyer be careful
My strategy is so easy and simple
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JPY BASKET INDEX - DAILY TFJPYBASKET INDEX - Currently price is indecisive on whether we will see the YEN Pairs weaken.
one to watch especially, we could potentially see an explosive move back down to the downside and make a new Low for the yen
if the YEN doesn't intervene and back its currency against most pairs.
keep a close eye on this INDEX.
JPYBASKET INDEXJPYBASKET - We will either see a huge reversal or we will see YEN intervention on the forex markets making all the JPY pairs push lower.
one to watch next week.
JPY index DAILYwith the buyers trying to push price to our POI we have establish 2 areas for a possible reversal and we be anticipating for candlestick and reversal patterns in these areas
JPY index WEEKLYWeekly candle closed with some bullish momentum indication of a possible pullback to our POI where we see multiple wicks showing sellers exhaustion
JPY index DAILYOverall bearish and we anticipating for price to pullback to the 7520 zone ,look for some buyers exhaustion and we can continue selling...
-inverse to the pair Jpy pairs that why we have shorterm sells on UJ and GJ
JPYBASKET LONGSWe are going for buys on the long term... We will buy on one of those three order blocks
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.
