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USDJPY outlook for the day Ideas not advice
A technical and fundamental outlook.
Fundamentally US economy is looking decently healthy with rising inflation and higher retail sales than expectation. The short way of saying this is they are all making some decent money out there and they are spending it.
Technically , this generated a huge upward momentum breaking through 154 area. This makes the trend mega bullish in the coming day making 155 the next target.
On the RSI, it creates this over bought area, so this can likely go two ways:
It will either retrace to moving average near demand areas like order block and liquidity, creating higher low than pushing for the higher high
OR it will turn into a bull flag then proceed to push up
The aim currently is 155.
Godspeed y'all hope you enjoyed my little idea.
AUDUSDHello Fellow Traders, Its BEEN A WHILE!
I hope That Everyone Follows This Forecast To make some big Profits!
Here is a Full Updated Analysis & Forecast For XAUUSD
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some (Rejection / Confirmation / Direction)
2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk!
&. Plan Your Trade & Trade The Plan!
Let Me know if you have any Questions or Comments Below!
Negative Or Insulting Comments Are Not Welcome
See You in the next Analysis!
Global Fx Education
Wanchain (WAN) - To the moonOn the above weekly chart price action has corrected 96% since April 2021. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Price action prints a double bottom on past resistance.
3) The bull flag breakout with confirmation. 1000% forecast.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: yesterday
Return: 10x
USDJPY Analysis: Bullish Flag Pattern PotentialTrade Strategy: Bullish Flag Pattern
Key Levels:
- Shorting Opportunity: 153.26
- Buying Opportunity: 152.84
Analysis:
- Importance: Identifies a potential Bullish Flag Pattern setup
- Technical Analysis: Signals a possible continuation of the bullish trend
- Fundamental Analysis: Supports the bullish bias for USDJPY
Trade Plan:
- Shorting Opportunity: Consider shorting at 153.26 with candlestick pattern confirmation and RSI Divergence
- Buying Opportunity: Look for buy entries near 152.84, targeting beyond the resistance line at 153.26
Insights:
The USDJPY chart shows signs of a Bullish Flag Pattern formation, indicating a potential bullish continuation. Traders can watch for opportunities to short or buy based on the identified key levels.
📈📉 Keep an eye on USDJPY for trading opportunities based on the Bullish Flag Pattern setup!
ETHUSD bullish movement is about to happen!!!
Hi.
COINBASE:ETHUSD
Today, I want to analyze ETH for you in a 1D time frame so that we can have a MID-term view of ETH regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
➡️ETH has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ETH is in, Is a Bullish Flag Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (flag pole) to happen!
✅ Due to the Ascending structure of the chart...
🟢 ETH has been Bullish Recently!
🟢ETH is in a Bullish Flag
🟢(AB=CD)
🟢Price is gonna Reach $4100
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SPY Flag Analysis{Flag pattern}Hi every one
no need to say something , chart is speaking it self .
Traders, if you like this idea or have your opinion about it, write in the comments. We will be happy
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea . please support us
Good luck.
BTC's Situation: What Shall we ExpectHi.
BINANCE:BTCUSDT
Today, I want to analyze BITCOIN for you in a 1D time frame so that we can have a MID-term view of BITCOIN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
➡️ BITCOIN is in a Bullish Flag Pattern.The Price is gonna Increase soon,The break out needed for increasing further has not happened but it should happen pretty soon.
✅ Due to the Ascending structure of the chart...
🟢 BITCOIN has been Bullish Recently!
🟢BITCOIN is in a Bullish Flag
🟢(AB=CD)
🟢Price is gonna Reach GETTEX:92K
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Smells like a new ATH... ( 400% PUMP 🤯🚀 ? )Hello my friends .
This a complete idea for BNB so if you are one of the BNB fans or holders ; make sure to read this idea until the end .
Oh right my friends as I said before , when you are looking for a mid term trade , it's better to start with the higher time frame like monthly and weekly then going to the smaller one to find a good entry :
let's start with the weekly chart :
OMG what's happening here ! honestly I can't believe what I'm seeing right now but this is for real , my friends ; BNB could goes up to the 3000$ ; maybe you might say this is not going to happen at all , but my friends the last time when the BNB price was around it's ATH price (38$)
no one believed that it's goanna hit 740$ mark .
As you can see in the chart above , we have a clear AB=CD pattern or in the other word , a flag pattern which is obviously a bullish continuation pattern and if the price break the current ATH price , in my opinion the 3000$ is very easy for BNB .
Let's look at the daily time frame to find a good entry :
In the daily we are in the clear uptrend which is a good sign for us because as you might know , trend is our friend util the end ! so we had to looking for the long position rather than short ,
also we have some kind of triangle formation but it's not complete yet but in my opinion there is good chance for break to the upside ; because BNB right now is showing a good strength against the BTC downward pressure and trying to make a new highs .
have nice trade my friends.... 🐺
Gold just it the first of the 3 big bull targets. We can see here how the XAUUSD chart just reached the dotted yellow measured move line target at $2395. Te next bull target just above that is the smaller dotted pink line at around $2550. After tat is the full target for the pink bull flag it has broken up from. Corrections on along the way to the enxt 2 targets are probably but not guaranteed *not financial advice*
Is gold finally ready to breakout from the pink channel/flag?You can see here on this chart how gold seems confidently above the pink trendline but you can also see to the left of that that we were above this line once before not too long ago and that resulted in a big wick and dip back below the trendline to correct for awhile, as is often the case whenever an any asset breaks above a key trendline like this for the 1st time…now that it is the second time above it and it seems to be holding much better support as of now the chances of this being the breach of the trendline that triggers the breakout is much better with a much higher probability, though there is still some lesser probability for it to go back below the trendline once twice or even thrice again. With each time it goes back below the trendline, the odds of the very next breach up above the trendline being the one that validates the breakout begin to increase exponentially. The current one looks confident enough that its very plausible we could see the breakout validated this go-around, so I’m going to post a chart of this idea with the measured move lines adjusted accordingly to reflect this current spot s the breakout point just so I can more easily keep tabs on it in the coming weeks ahead. *not financial advice*
USDCAD: Strong Bullish Signal 🇺🇸🇨🇦
USDCAD formed a bullish flag pattern,
after a strong bullish wave caused by yesterday's CPI report.
The resistance of the flag was broken after the release of PPI
report today.
It is one more important sign of strength of the buyers.
Growth may continue at least to 1.3745 level.
❤️Please, support my work with like, thank you!❤️
The GBPUSD experienced a significant decline yesterday followingThe GBPUSD experienced a significant decline yesterday following the release of CPI data. After reaching a new intraday low, a corrective movement began. The market was showing steady growth within a bearish flag pattern.
To anticipate a bearish trend continuation, look for a bearish breakout below the flag's support level. If the price breaks and closes below this level on a 1-hour time frame, a further bearish movement can be anticipated.
The target for this bearish continuation is set at 1.2490.
SHIBA: Important Pattern - UP or DOWN? 👀👇📉Hi Traders, Investors and Speculators of Charts📈
We observe an important pattern on Shiba Inu - the Flag Pattern, also known as the Pennant. From here, ONE KEY THING will give away where the price is going next. Make sure you know what to look for and don't miss it!
Another altcoin to watch closely, is LTC where we recently saw a VERY bullish sign. Find it here:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:SHIBUSDT
Gold breaking upward from bullflag: Next target = $2347Gold continuing to make new highs, as it begins traveling to some of our bigger measured move targets. On the way to those bigger targets, it has formed this smaller timeframe bull flag which it is now appearing to break up from which has a breakout target of $2347.*not financial advice*
🔥 Bitcoin Bull-Flag Break Out Confirmed! Next Leg Up Coming 🚀In my most recent BTC analysis I talked about Bitcoin's pending break out of the bull-flag pattern on the chart.
As of today, my initial entry has been hit and the top resistance has been retested as support. This makes me believe that the break out is legit and that a new leg up is on the horizon.
My target remains at 80k, although I wouldn't be surprised if we surpass that.
For the people who missed my last entry, I put a new signal on the chart at the right side. Keep in mind that this is a very tight trade. However, if it plays out it can be a good money maker with an RR of over 7.
Triangle BREAKOUT on #BTCAs mentioned in the earlier post, the support level of over 65,000 remains intact.
Yesterday witnessed a significant breakthrough with Bitcoin surpassing the $71,000 mark.
Consequently, as long as the price of BTC maintains its position above $70,000, there's a strong indication of a potential new all-time high in the near future.
Additionally, it's worth noting that the MACD indicator is showing signs of convergence, with a near crossover.
DYODD.