Japan
#JPYUSD Long term view shows weaker US$ and re-test of 110Hi All, my main 3 take-outs from this analysis are the following:
1- In the weekly chart - so long term view - the US$ is possibly going to re-test the 110 area (at least!). In fact, in that area we have a strong uptrend line (in red) which will possibly act as support
2- The cross came out from a descending channel which lasted since the end of 2016, and this breakout happened in March this year
3- Fibonacci tool suggests that the cross might not only re-test the 110 level (38.2 fibo level) but also test the 109 and the 107 (50% and 61,8%)
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
USDJPY | SHORTEntry Range: 114.076 - 114.181
Avg . 114.152 (RRR: 2)
1st. Profit Target: 113.877
2nd. Profit Target: 113.463
Stop Loss: 114.291
HOW TO ENTER MY TRADES
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid
GBPJPY Hey Traders, in the coming week we are monitoring GBPJPY for a buying opportunity around 151-152 Zone, we might see a pullback around 153 zone towards 151 before the rally to 156 zone, Back then we might consider a swing sell around that strong supply zone. Once we will receive any confirmation we will execute the trades, currently we are just preparing the setups for the next week and setting the most strong zones.
Don't forget that money management is the key level to success in the Trading journey so always consider following a good money management plan especially with swing trades because the movements are more Violent!
Good Luck and Happy weekend!
Joe.
USDJPY | SHORT SET-UPEntry Range: 113.930 - 114.010
Avg. Entry: 113.987 (RRR: 2)
1st. Profit Target: 113.777
Stop Loss: 114.095
HOW TO ENTER MY TRADES
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid
USDJPY SWINGHey Traders, in this week we're monitoring USDJPY for a buying opportunity around 113.4, we expect the pairs to do a big rally towards 116.500 zones the next month, so we're waiting to catch the best entry. once we will receive any bullish confirmation the trade will be executed!
Trade safe, Joe.
What we have see on USDJPY, It will be fall to the 112 areaHey friends, and trader
We forecast downside movement for the USDJPY for several reasons
1. USD is overbought and over-priced in 2 months ago
2. JPY is oversold and this is a good and cheap price for this safe-haven currency
3. Smart buyers are buying in these prrices.
4. As you see in the picture, The non-commercial traders usually are buyers in these prices cause the JPY is being valuable in these prices.
5. Buy trend line is broken in the H4 time frame
so if you are a swing trader or long-term trader it's a good opportunity for you.
Good Lock, Wish you money
With respect
Ali Sabbaghi
ziwox.com
VDJP Daily - Good RR to accumulate I've been liking this ETF for a while - weekly set up very bullish with inverse h&s and bull flag. The move higher was initially very aggressive and I used it as an opportunity to take some profits. This pull back to the trend line is exactly what I have been waiting (&hoping for). Will use as an opportunity to keep averaging in
AUDJPY SwingHey Traders, i'm monitoring AUDJPY for a buying opportunity around 85,00 zone in the daily supply and demand zone.
in the same time i still see some JPY bearish behavior in this period.
Once we will notice any bullish confirmation the trade will be executed!
Trade safe and use proper risk management.
USDJPY SWINGHi Traders, USDJPY already rejected 114.3 Weekly Supply Zone as was predicted on the idea previously, we're trying to monitor now the best zones to consider for going long, once any buying confirmation is noticed.. the trade will be executed.
Trade Safe, and remember to use a good risk management especially in swing trades.
Symmetrical Triangle Setup on AUDJPY with a Target of 83.50Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDJPY appears to be in a symmetrical triangle setup with the support line along the higher lows of 77.87 and 78.80 while the resistance trend line is at 82 and 81.35. There appears to be a breakout in the resistance trend line. Expectations are for AUDJPY to rally towards 83.50. Failure of this move will be observed if AUDJPY declines towards 79.75.
Technical Indicators
AUDJPY had positive crossovers on its short (50-MA) medium (100-MA) and long (200-MA) fractal moving averages. The FX Cross is trading above these respective MAs. Technical indicators are also complementing the bullish nature of the current setup. The RSI is trading above 50 while the KST recently had a positive crossover.
Recommendation
The recommendation will be to go long at market, with a stop loss at 79.75 and a target of 83.50. This produces a risk/reward ratio of 1.35.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in AUDJPY.
Symmetrical Triangle with Breakout in NZDJPY Towards 78.50Trend Analysis
The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup will be observed if NZDJPY were to decline to 76.855.
Technical Indicators
NZDJPY has positive crossovers on its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. The RSI is greater than 50 and there has been a positive crossover on the KST.
Recommendation
The recommendation will be to go long at market, with a stop loss at 76.855 and a target of 78.50. This produces a risk/reward ratio of 1.48.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in NZDJPY.
VDJP Weekly - Starting to accumulate againFollowing the successful break of the bull flag and the quick follow through, there is no surprise that we are seeing a pullback on this ETF. I am starting to average back in after slowly taking profits from 27.50 (prior high) and above. There is no sign of a bottom here, but I am happy with the current price and will buy more if we move lower. The long term weekly picture is still positive as long as we stay above 24.50. I would still like to see 31/32 as a full target here.
CTS - J225This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.