USDJPY | Perspective for the new week | follow-up details
Updated
Following a profitable week, price action is at a critical juncture in the market where both a bullish and bearish momentum could be triggered in the new week. The new week is laced with a series of macroeconomic events; so we shall be focusing on the fundamental event for signals to make an informed decision.
BoJ Monetary Policy Meeting Minutes - its first following Governor Kuroda’s departure is going to be closely watched and from the US docket, the monthly inflation report coming up this week is also an event to look forward to. In this video, we dissected the current market structure from a technical standpoint in other to take a position ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
BoJ Monetary Policy Meeting Minutes - its first following Governor Kuroda’s departure is going to be closely watched and from the US docket, the monthly inflation report coming up this week is also an event to look forward to. In this video, we dissected the current market structure from a technical standpoint in other to take a position ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
We are waiting for a breakout of channel for trading opportunities. Good morning
Trade active
Secure sell position as we use the bearish trendline as yardstick for trading activities for todayTrade active
Secure sell positionTrade closed manually
The sell position is taken out as price action comes back to the entry zone. The bearish trendline remains our yardstick for trading activities as a breakout will welcome buying opportunities.Trade active
15 min OUTLOOKsecure sell position as we look forward to more opportunities as long as price remain below the bearish trendline
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Sell pressure continues. Update coming up soonGood morning
Note
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Buying pressure resumes triggering buy stop at the 134.000 level as we use the newly identified bullish trendline as a guide for the bullish momentumTrade active
We are still holding on to the bullish biasTrade active
Secure buy positionTrade active
QUICK UPDATETrade active
Buying pressure continues a secure position as we look forward to more buying opportunities at the breakout/retest of the 134.700 LevelGood Morning
Trade active
Watch the replay of our live session on my channel if you missed it for detail review and trade management on this pairTrade active
Secure sell positions as price action breakdown the 135.200 level as projected hereby taking out the buy positions.Trade active
secure sell positions as the second position is triggeredTrade active
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OUTLOOK on 15-minute timeframeWith the appearance of buying pressure around the 132.500/132.250 zone; we want to be considering a potential reversal set-up. Update coming soon
Trade active
Time to secure our buy positionNote
Trade closed manually
The buy position closes at break-even as price action continues to consolidate. A simple set up is identified on the 30-minute times as we wait out for trading opportunities. Join our morning live sessionGood morning
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secure sell positionNote
Trade active
Bearish trendline remains our yardstick for selling opportunities, however, if a breakout of the trendline happens, we shall look out for buying opportunities. Update coming soonTrade active
So, the breakout of the trendline triggers a buy position as we look forward to adding more positions at the breakout/retest of 133.800. Secure buy positionsTrade active
Good morning
Trade active
Sell position triggered after action takes out the buy positionTrade active
Secure sell position as buying pressure resumesNote
15 minutes in the consumer sentiment index release.Breakout/retest of the 132.500 level will be considered for buying opportunties
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