OceanMan1000

OceanMan1000

Just like the CADJPY and AUDJPY that left a Bull flag before breaking the monthly Weekly highs, CHFJPY also left a Bull flag that resulted from the Breaker block, supply zone not respected. A long opportunity may also be valid when price reaches the breaker block or bull flag

OceanMan1000

CHFJPY is a pair that really needs attention. Many times the pair respects key levels using the wick of the candle, that is why I said "it needs attention". When there is a breakout from an uptrend on other instruments, most of the time, there is a decline (downward expansion in price), but in the case of CHFJPY,, it is not different. Watch out for key levels on...

OceanMan1000

This pair is a sweet pair to trade, but at times, the traders needs to watch clearly. The CHFJPY pair at the Monthly timeframe perspective is already at the breaker block, a sweet spot to enter a swing trade with proper risk management in mind. The Japanese Yen have been bullish, probably it is time for the Yen to become Bullish.

OceanMan1000

The Bears tried to take control at the breaker block (91 to 91.3), but the Bulls didn't give up, they continued strong until a Bull flag was kept at that zone. Hoping that CADJPY will buy further, if price hits the Bull flag, it will be a Long opportunity, that could result into over 200 pip.

OceanMan1000

AUDJPY is close to an Hour Bearish Order block, although it is a complex pull back, price may not respect the supply zone. If AUDJPY makes more than 50 pip move from the supply zone, it is determined by the Institutions.

OceanMan1000

The AUDJPY pair have been bullish for days, breaking highs and going above supply zones. Recently this is a pull back(estimately 86.27 to 84.62) and price is currently close to the Daily and 4 Hour supply zone. A quick short opportunity could be delivered when price gets to the supply zone.

OceanMan1000

AUDJPY is currently at the Monthly supply zone. If the pair reaches the equilibrium there is 80% chance for a swing short

OceanMan1000

GBPJPY on the daily time frame has a complex pull back, in the 4 hour time frame there is a Bearish order block, which price will probably respect. Selling at the 4 Hour order block (from 158.0), is a 60% trade accuracy, using a 30 to 40 pip stop loss targeting 100 pip is possible ( as i said the chance is 60/40 )

OceanMan1000

The Demand zone close to the daily zone pushed price up to break the immediate daily highs. Whenever price gets to the Demand zone a high probability long is valid.

OceanMan1000

The GBPJPY have broken the Weekly resistance, but couldn't go below. Probably, resistance might turn to support on the weekly time frame. Got GBPJPY on my watch list.

OceanMan1000

There is nothing much to say on NAS100 daily outlook, this is just a clear view of the Weekly time frame. Watching price till it hits the top of the trend, maybe we go short.

OceanMan1000

Since January price of US100.cash/NAS100/NASDAQ depending on the Broker, have been moving in an uptrend. Three weeks ago, priced touched the bottom of the trend and it reversed very fast, now heading to the top. What will happen when price gets to the top? An expansion upwards or downwards? I keep this Instrument in my watch list.

OceanMan1000

According to the data provided by NDX, price moved steadily from 1985 till early 20th century when population increased fast and the world emerged into an ultra modern era. The stock value of Apple INC. alone is just like the whole of NASDAQ100 in 1985. Price have become very volatile and the value of the stock index keeps rising.

OceanMan1000

The Dollar Index, after Bears took charge few days ago, have start to go bearish, still in the Daily uptrend range. Price heading to the bottom of the Channel, but currently at the Daily demand zone. Let us be careful because price the Year is close to an end.

OceanMan1000

The Dollar Index recently mitigated with the weekly at 94.60 For a Good 3 week, there was decision at that top to take price higher or cause a reversal. Further analysis on the Lower Time Frame

OceanMan1000

Ripple / US Dollar is close to the top of the symmetrical triangle range. Price have been rejected from the top twice and it seems it is heading back to the top. Will price break out of the range or reach the bottom before taking?

OceanMan1000

The Weekly Chart outlook is simply the clearer view of the Monthly time frame. Since December 2020 till date, price have been in a symmetrical triangle range, a break will certainly occur in some weeks from now.

OceanMan1000

I can't imagine what loss many traders who bought XRPUSD at January would incure, price crashed from 3.31 to 0.1 the demand zone, ever since then the Bulls struggle to push price higher. Of course Ripple will rise high above the all time high as time goes, due to the demand of Crypto currency and ease of transaction.