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Dollar-yen

Bearish Bat with False Break Last week, USDJPY complete a bearish Bat pattern along with daily Outside Bar pattern and a daily False Break. My resistance zone that included the bearish harmonics, daily downtrend line, structure and the 50 days MA line held following a small daily false break and it seems like USDJPY is maybe heading towards the support zone near 103-104. A breakout above 107 will send USDJPY towards 111 to test the next resistance zone. The daily False Break stopped out many traders from being in this successful reversal zone - If you struggle with setting your stop loss orders, read my blog post here goo.gl Tomer, The MarketZone Sign up to my mailing lists - goo.gl Watch my Youtube channel - www.youtube.com
by themarketzone
NZDJPY Could Rally After Tonight's BoJNZDJPY could be getting ready to run higher after tonight's announcement by the Bank of Japan. The BoJ is suppose to increase their stimulus package and if they do by the amount which is expected or by more we should get a sell-off in the Yen pushing this pair higher. If it happens we will be looking to correlate the Long NZDJPY with a Short in AUDJPY which will greatly reduce my directional risk. With proper money management I can be dead wrong on my NZDJPY call yet still make a profit.
Long
by unique4x
1
Technical Tuesday - USDJPYWe have the USDJPY in a massive over exhausted downtrend on the daily. Technical: Daily bullish wedge. VERY long term trend line rejection after Brexit VERY key support line from 2014 Deceleration, failure to break brexit lows Doji candle on Friday 8th July Along with these excellent technical's there is also a few fundamentals to go along with it, to see this in more depth visit www.TotalMarketTraders.com and sign up for our blog, or else send an email to: info@totalmarkettraders.com
Long
by ZenTrader108
1
USDJPY: Critical level testedUSDJPY has hit the previous monthly uptrend mode, and is currently stuck inside this zone. It would be a colossal feat, for Yen bulls to drive the pair under this key level, so I will watch it with keen eyes during this week. I'll update the post with intraday and daily/weekly charts as needed. It would give us clues about the future of the S&P500 and Nikkei, if we see the smart money players start to accumulate long positions again. After Monday's close, I'll add a 'Brexit key level' to the chart in an update, and will monitor price action closely from here onwards. I labeled a monthly downtrend signal, as per the 'time at mode' method, comprised of 7 months worth, and a price target that was exceeded already. There are 2 bars left for this decline to potentially end, and send USDJPY back up to the highs, unless yen bulls are strong enough to push the pair below support. Keep your eyes wide open, this is a really significant level, and from here we might get a terrific trading opportunity once the direction is clear, wether the downtrend ends or it continues further down to the 2011 lows. Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
by IvanLabrie
1
NZDUSD LONG 4H 4.25.16 Hello traders, I am back with another trade for all of you. This one I have put quite a little bit of time into and I think I have a fairly good forecast. As you should know nzdusd has been quite bullish for the past little bit. I always try to trade in the direction unless I in no way can. Anyways, according to my trendline, the kiwi is getting ready to shoot back up again. Also, when looking at the stochastic, you can see that there is currently bullish divergence. One more thing that sells the deal for me is that the 200 day moving average is currently below the pair which commonly can act as structure which gives me a good spot to place stops. Don't expect a move all the way up to the next trendline in this leg but I feel that just under the .236 retracement is the best place to take profits. Thanks all!
Long
by thesmallerone