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Jpylong

NZD/USD is playing in wedgeNZD is playing in between wedge & it will break the trendline so i'll be on sell side because, 1. USD is getting stronger atleast for 1 or 2 week because of Fed rate hike. 2. NZD GDP q/q data come less then forecast. 3. So you can also go for buy JPY because it will also going to break it's falling wedge 4. You can go for Sell NZD/USD & Buy JPY/USD. Target is 0.6958 expecting in 20 to 30 days. This is just an idea & an attempt to predict the future price movement.
Long
by Luffy-Pirate-King
EURJPY (1h) Double top, fibonacci, strong resistance - Short?Price put in a double top, failing to close above 38.2 fib of X - A. In conjunction with fibonacci, and the double top, we have a strong monthly support and resistance area which could help us with this short. I see high probability in this one, I am not looking for extended target(s) this time. As we could, potentially, look at a bullish (temporary?) release from this bearish trend. If we break and close above 118.400 we could be looking at a bullish rotation, as hinted above. And then - we adjust our prognosis and entries accordingly. Lets see if this elevator goes to our floor!
Short
by timmynorin
1
EURJPY Patterns forming 15min/60min1. Bearish bat formation which turned out a winner, but not before putting up a fight. I entered this one since we also had a previously tested support and resistance area. 2. If the marked decides to push the price down we could see a complete bat formation. Although Im not too happy about the bullish trendline being violated, which itself is a bearish signal. Not an optimal scenario for a bullish bat. However, patterns are patterns. Its up to you and your plan to decide whether or not to take this one. 3. Lovely, both bearish cypher and gartley completing at (almost) exact same level. We also have bearish trendline as resistance previous structure as resistance. Alternative. Price action violates C-leg of #2 bat before plumming down, which leaves neither #3 completion or #2 completion. Since #1 won I'm happy either way, but lets prepare ourselves just in case the race is on!
by timmynorin
USD/JPY LONG TERM SELL OFFWe have been waiting for an opportunity to get into the USDJPY for a short for a while. We had hoped the USD rate hike would have given the opportunity for a price around 125.00 but that didn't materialize. By all intensive purposes the USD bull run is over and the rate hikes of 2016 are priced in the slow down in China is causing investors to look for safe haven flows such as the JPY and with the Japanese economy apparently showing signs of recovery we can expect a return to a more sensible price against the USD I would suggest 10600 by year end and possibly 9600 by mid 2017. bankonadam.com learn to trade like a pro for free!
Short
by FreeForexSignals4u