USDJPY: Key Levels to Watch 🇺🇸🇯🇵
Here is my latest structure analysis for USDJPY:
Resistance 1: 140.37 - 142.47 area
Resistance 2: 145.1 - 145.6 area
Resistance 3: 148.3 - 148.9 area
Resistance 4: 151.34 - 151.92 area
Support 1: 137.48 - 138.0 area
Support 2: 135.16 - 136.45 area
Support 3: 130.38 - 131.75 area
The price is currently stuck between Resistance 1 and Support 1.
The future direction of the market will be determined by a breakout of one of these structures.
Alternatively, consider pullback trading from them
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Fxtrader
EURCAD: Your Detailed Trading Plan 🇪🇺🇨🇦
Update for my today's post on EURCAD:
the price is retesting a broken key level now.
The price formed a double bottom formation on 1H time frame.
To buy with a confirmation, watch 1.327 - 1.328 horizontal neckline.
We need an hourly candle close above that to confirm the breakout.
Then, buy aggressively or on a retest.
Goals will be 1.3309 / 1.333
If the price sets a new low though, the setup will be invalid.
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EURNZD: Update & Time to Buy 🇪🇺🇳🇿
Update for my yesterday's post on EURNZD:
the price retraced to a peculiar intraday confluence zone.
We see a perfect match between a horizontal support, a rising trend line and 382 retracement of the last bullish impulse.
I expect a bullish continuation now.
Intraday goals: 1.6666 / 1.67
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EURJPY: Bullish Continuation Again?! 🇪🇺🇯🇵
It looks like EURJPY is going to bounce again.
After a consolidation within a horizontal trading range,
the price broke and closed above its resistance.
I expect a bullish continuation to 145.4 level now.
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USDCHF Swing sellMy oh my! Look how 4H Supply is almost getting tapped into. Currently, iot is grabbing up orders for shorts from all retail "liquidity" traders who are targeting those previous wicks as entries. This should blast through all their stops and tap into Supply, which will activate all institutional orders and send this chart falling off a cliff.
USDJPY: Oversold Market & Pullback 🇺🇸🇯🇵
On a today's live stream with my students, we discussed USDJPY pair.
The pair looks too oversold at the moment.
The market was steadily falling within a falling channel and its resistance went broken today.
I expect a pullback now.
Goals: 131.56 / 131.9
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AUDCAD: Bullish Outlook 🇦🇺🇨🇦
AUDCAD has recently broken and closed above a daily structure resistance.
Retesting that the pair formed a double bottom on 1H time frame.
Its neckline breakout confirms a highly probably bullish continuation.
Target - 0.89577
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