USDJPYLooks like Wyckoff formation to me on #USDJPY
Waiting for sign of strength on USD bullish break out.
Daily Fib target still remains at price 153.829
As long as Feds are hawkish we can still reach daily Fib target.
Yenpairs
USDJPY short There are two possibilities
The first
to make down move to TP1 area and then break the last top
The second
a bearish wave without breaking the top and make correction within TP1 and TP2
In both cases, we are making down move to TP1
I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can enter the 50%-60% areas as happened in the SP500 chart
TP and SL positions have been identified on the chart
good luck
cadjpy on buy position anytimecadjpy can react at red lines for buy position pls follow the candles where they react and give you a make money option like and bread and butter
have a safe and profitiable trades
any questions pls comment below
GBPJPY:Buying dips worthwhile!GBPJPY
Intraday - We look to Buy at 164.85 (stop at 163.65)
Buying pressure from 164.36 resulted in prices rejecting the dip. The current move higher is expected to continue. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 168.30 and 168.70
Resistance: 168.70 / 172.15 / 174.20
Support: 164.00 / 161.10 / 158.70
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GBPJPY a slight retest Before dropThe price did a big drop After touching my weekly zone. For now im expecting For a slight retest Before continue drop Like a bad habit.
Key level
Red: sell
CADJPY - LongHello dear traders.
My view on cad jpy for the coming week is that it will buy at the retest level of the grey color - 4 H area of resistance which is being checked as support.The overall weekly trend is bullish. On 19 of October important CAD news will be releashed with positive forecast. If the forecast is met, the scenario will take place easily. JPY is under bearish bias for a long time and negative Trade of Balance and Inflation Rate for Japan will put buying pressure on this pair if continue to depreceate the Yen.
However, we must take into account that we are approaching daily supply zone. This supply zone is my target with different layered Take profit levels on the way to it.
I have pointed out the 4H 0.382 Fib level retracement (two blue lines) indicating a deeper retracment which is good for entry too.
This scenario will be invalid in case of support level of 104.7 plus the violation of ascending trendline, which will indicate for me a short momentum.
For now, it seems early to enter any sell, ' cause I see the bigger picture as a potential buy - still margin for the price to buy back up.
Waiting for your analysis on comments.
Good luck!
audjpyHi dear taders.
Currently audjpy is testing the bearish trend line. I see it as a fakeout with potential for limited upside move.
I remain bearish on this pair.
Goodluck
GJ Analysis week of 9-26Analysis and price points of interest on chart.
Higher time frame bearish after an impulsive fundamental drop. We could potentially see a large retest fading out the yen strength we saw last week. Any resistance created could provide sell opportunities going with the trend. Further confirmations required (resistance, break of range, engulfing bearish candles).
CADJPY Short PossiblyCADJPY seems to forming a bullish pennant .. momentum is picking up with full bearish candles… waiting for continuation for the official move.
GBPJPY BUY There is a probability that GBP JPY can come to 166.886 and create a rally bad rally to respect that support and give us that 1% for the day.
Audjpy on correction modeAudjpy finish Y leg shorter then what I expect,and it did 1st wave of wave 5 and when the correction finish with WXY then will yen pair losing power and bullish in place and rally will start.
I indicate new horizontal line for upside movement points
Have a safe and profitiable trades
EURJPY: Still buying dips!!EURJPY
Intraday - We look to Buy at 142.20 (stop at 141.40)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips.
Our profit targets will be 144.50 and 147.20
Resistance: 144.30 / 147.20 / 151.00
Support: 141.70 / 138.85 / 135.95
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
💴Welcome to the new yen ; (USDJPY analysis)
Today, all focus was on the euro, which is nearing a 19-year low, but the big story of the market year is the Japanese yen. We are witnessing a shift from a more than 20-year trend in the forex market of the Japanese yen as the safe-haven currency. The USDJPY has risen for five consecutive days, but focusing on the last two days, global stocks have been beaten but the pair rose nonetheless. This was unthinkable a few years ago, but now it is commonplace.
The currency pair has beaten USDJPY as the global safe haven of choice. A large part of this failure is the divergence in monetary policy as the Bank of Japan sticks to yield curve controls, but this is nothing new and the dollar has always been positive in carry trades against the yen. The main issue is that this has become very persistent, and if this trend continues to spread, it'll increase the risk of overvaluation of the dollar around the world.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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A 1:7 Risk to Reward SHORT on CHFYENThis pair has exploded upwards and needs a correction to the downside.
It is massively overbought on W1, Daily, H4.
H4 is showing divergence.
The resistance at 148.85 is very strong and there is a nice harmonic pattern.
Target 1 is about 500 pips away with an 80 pip SL.
Time to go short on EURJPY ↘️It's time to go short as my EDGE trade script has said so.
Trend trade identified and entered.
Working H2 timeframe on EURJPY.
Trade details can be found on the chart in printed label.
All the TP values same in label as that's what I'm aiming for on this strategy.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Last shared idea on this trade hit TP lets see if this one can.
Thanks for looking
Darren🙌
Japanese Yen pairs moving in opposite directionsBeginning mid-July, the USD/JPY began its downward trajectory, dropping to 130.39, a strong support level, after creating a high of 139.38. After which, some choppy price action in the first half of August has heavily disguised trader sentiment and a clear direction in the pair.
Now the choppiness may be clearing. The USD/JPY recovered some ground last week, gaining by almost 2.7% in a non-ambiguous push to the upside. The strong bullish momentum the pair experienced meant it was able to break above the 135.000 resistance and continued to rally to 136.90.
The Fisher Transform Indicator signaled a solid bullish move as the fisher line crosses above the trigger line and breaks above the zero line. With this strong indication, if the strong momentum persists, the price targets for traders might be previous peaks including 137.40, 138.700, and last month's high of 130.40.
A more optimistic trader might even be targeting a new high if the US dollar remains strong. However, a break above 136.900 is still needed before the price can target further upside. Failing to do so, however, the price may fall to the resistance level and possibly retest the 135.000 area.
GBPJPY, on the other hand, has been currently moving to the downside with some upside impulses.
The Auto Fib Retracement Indicator shows that the price has rejected at the 50% level at around 163.60. The lower lows that are highlighted should also be noted, indicating that the current price action is currently in a downtrend, and a possibility for a new lower low may be seen this week if the price breaks below the 160.500 support area.
The price, however, needs to break the 23.6% level first before continuing the move to the downside and filling the wick from the second of August, which has a current low of 159.44, and sits at the 0% pivot point of the Auto Fib Retracement Indicator.
$USDJPY - 2 Important Zones AheadTraders, USDJOY has been very bullish over months and now it is truing to go back to the previous highs. In the process it is creating a FCP Pattern which can push the price down at least for a correction. These are the 2 zones that we should be watching for trading opportunities.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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AUD/JPY Longs 22 Aug 2022Price above MAs on multiple key timeframes. Structure is overall bullish across most timeframes especially the smaller ones.
Stochs for h2 and under align, weekly and daily in the right direction (h4 with the counter stoch)
Divergence on M15 timeframe.
Total RRR: 3.81
We have a EURJPY alert 📳Long trade alert for EURJPY has signalled.
Trend trade identified and entered.
Working H2 timeframe.
Trade details can be found on the chart in printed label.
All the TP values same in label as that's what I'm aiming for on this strategy.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Yesterdays CADJPY share hit TP lets see if this Yen pair idea can also.
Thanks for looking
Darren🙌
1:4 Risk to Reward sell of GBPJPYGBPJPY has rebounded strongly from the low of last week.
It has made a high yesterday and is now showing weakness at the current level.
A sell trade here will allow us to challenge the 160 lows.
RSI divergence present and stops just 50 pips above.
How to trade a fast moving YEN pairThe YENS have been going nuts.
From moving 50 pips a day it has started to move close to 120 - 190 pips.
This means when we trade, our stop loss needs to be wider and hence the position size smaller.
We have sold AUDJPY seeing the weakness in H1, M30 and M15. All trends are still down.
Hopefully it will hit the bottom for a 300+ pip ride.
Good luck!
2022/8/2 11:29 EUR/JPY analysePivot Point: 134.3
Currently: Consolidating at this 134.8 level , its next support zone is at 135.1
Reaction: Resisted at 134 and retraced back to 133.8
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