I'm currently looking at USDJPY shorts, why?
1. Daily looks weak.
2. We got a BOS and a CHOCH right after, meaning we're likely heading down.
3. Market are making liquidity zones under our POI, which increase our probability of being right.
If the next 4h closure ends up being bullish. It could potensially be a good long oppertunity to psychological level 2300. That`s because of a potensial strong bullish divergence, and a potensial fakeout to grab some liquidity from traders who is currently shorting ETH. Please do your own research too, im not a financial advicer.
BXY weekly might have a bearish closure as this morning star pattern have appeared, most of the time the next candle is usually bearish (70% of the times ish). This bearish candle might hit 121.85 area before a continuation and hit the psychological level 130.00. Clean level with good res/sup history. Overall BXY bearish, but a such big retracement could...
Yen hitting ATL recently is interesting, now its retracing, but to what level before a continuation of this downtrend? Looking back at prehistoric res/sup levels we can clearly see that the area around 80.00 is significant. 80.00 is also a nice psychlogical level. We could expect a monthly closure around 80.00.
Keep in mind, you win some, you lose some. And u...
GBPUSD longs.
Why? Its currently losing its momentum at micro tf. Which could indicate a reversal for intraday. Also on macro such as Daily if monday closes bullish we got a strong bullish divergence, and if that happens we might have a macro reversal aswell. Check DXY og BXY for extra confluence. I`ve made a DXY analysis.
