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NZDJPY Support break-outs determine our tradesNZDJPY gave us last time (May 05) a very accurate buy signal that hit the target (see chart below) and even broke the 1 year Resistance Zone: The pattern that emerged is a Bullish Megaphone, whose latest Higher Low leg is supported by the 1D MA50 (blue trend-line), having closed all candles above it. As long as it holds, we remain buyers and target Resistance 1 (89.700). If the price breaks below Support 1 (86.230) we will sell and target the bottom (Higher Lows trend-line) of the Bullish Megaphone at 85.330, near the 1D MA200. A 1D candle close below that, will be a bearish break-out signal for us and we will sell again, targeting Support 2 (83.540). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
CADJPY Bullish within the Channel Up, bearish below it.CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting 109.250. That is a Lower Highs level, similar to the one on in April, whose fractal resembles today's. On the other hand, if we close a 1D candle below the 1D MA50, we will sell and target 102.000, just above the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
$USD/JPY -Giant Bearish Flag *W- Awaiting Change of Character (CHoCH) for $USD/JPY on *W tf (weekly time-frame). Market Structure looks healthy in terms of Higher Lows on smaller time frames (1-4hr) Decent probable Shorting opportunity in case $USD/JPY fails CHoCH. Shorting opportunity on Resistance Trendline of Bearish Flag Pattern on *W is perfect. Pullbacks to at least 20 EMA *W + S/R zone. Volume is aswell below average on *W Price seems over extended for now despite The Uptrend Market Structure on smaller time-frames (screenshot attached at comment section)
by Mr_J__fx
USDJPY will go UP by Inverse Head and Shoulders Pattern🚀USDJPY is moving on 🟢 support zone(139.10 JPY-137.60JPY) 🟢. Also, USDJPY has managed to form an Inverse Head and Shoulders Pattern in the support zone. I expect USDJPY to start growing after completing the pullback to the neckline and at least touch the 🎯 target 🎯 of the Inverse Head and Shoulders Pattern. 📚Since the Regular Divergence(RD+) between the right and left shoulders is clearly visible, this point adds to the validity of the Inverse Head and Shoulders Pattern. 📚Another sign that increases the validity of the Inverse Head and Shoulders Pattern is that the momentum of USDJPY approaching the neckline is greater on the right shoulder than on the left shoulder. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
49
JPY Basket (FXCM) - LONGWhile I am not a die-hard fan of FXCM's Yen Basket (much prefer NAFTA + Japan vs. "the World"), this index/basket is clearly working on an turn here. It is still relatively week but has likely put the worst behind it. Now, it is all about acceleration which, judging from past behavior, ought to gain significant momentum. Again, I'd suggest to use this "basket" as an indicator rather than trading it outright - which is also possible. (Work in progress on a properly weighted NAFTA + Japan Index.)
JLong
by Nemo_Confidat
USDJPY Low risk trades at the bottom of the Channel Up.The USDJPY pair is below the 1D MA50 (blue trend-line) and almost hit the 1D MA200 (orange trend-line) on Friday, nearly making a Higher Low at the bottom of the 4-month Channel Up. As long as the 1D MA200 holds, we will take a low risk/ high reward buy towards Resistance and target 144.500. If the price closes below the 1D MA200, it would be a Channel Down bottom breach, which would translate into a sell, targeting initially the 0.618 Fibonacci at 134.000 (also above Support 1) and the 0.786 Fibonacci at 131.500 in extension (also above Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
NZDJPY: Use the 1D MA50 as the pivot level for your trades.NZDJPY is trading inside a Channel Up since March with the 1D timeframe neutral (RSI = 52.530, MACD = 0.380, ADX = 27.602) after last week's rebound on the 1D MA50. This tells us that this is the technical pivot and as long as it holds the new Higher Low for the Channel Up, hence a bullish signal targeting the R1 (TP = 89.675). If the price crosses under the S1 (86.235) this bullish signal will be invalidated and we will sell, targeting the S2 (TP = 83.550). An early sell confirmation may come when the 1D RSI crosses under its HL trendline. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
CADJPY: Sell this consolidation.CADJPY is testing the 1D MA50 in the form of support on bearish 1D technicals (RSI = 42.279, MACD = -0.050, ADX = 56.167). A 1D candle close under the 1D MA50 signifies a validation of selling extension as after the rejection on R1, the long term support of the HL trendline broke. We will sell this week's consolidation, which isn't just taking on the 1D MA50 but the S1 (104.120) as well, targeting initially the S2 (TP1 = 102.245) and then the S3 (TP2 = 99.350) assuming the 1D MA200 breaks. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
NZDJPY held the MA50 (1d) and can rise +7%NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far. That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d). The two bullish legs have risen at least +7%. Trading Plan: 1. Buy on the current market price. 2. Sell below Support (1). Targets: 1. 92.300 (+7% rise to the top of the Channel Up). 2. 83.550 (Support 2). Tips: 1. The RSI (1d) is also trading inside a Channel Up. The recent bottom matches the one on the MA50 (1d). Please like, follow and comment!!
Long
by TradingBrokersView
7
CADJPY on the MA50 (1d). Remains a sell.CADJPY reached the MA50 (1d) for the first time since May 4th. The pattern is a Channel Up and this correction since its top, still has room to go before bottoming. Trading Plan: 1. Sell on the current market price. 2. Buy at the bottom of the Channel Up and above the MA100 (1d) at 102.550. 3. Sell if the MA200 (1d) breaks. Targets: 1. 102.550 (bottom of the Channel Up and near the MA100 1d). 2. 109.500 (Resistance 1). 3. 98.000 (Support 2 and near the 0.786 Fibonacci level). Tips: 1. The RSI (1d) is headed for the 30.00 oversold level. A rebound near it can match conveniently with a bottom on the Channel Up, hence a buy opportunity. Please like, follow and comment!!
Short
by TradingBrokersView
CHFJPY: Is starting a long term declineCHFJPY reached the top of the 1 year Channel Up by exceeding the 2.618 Fibonacci extension and as the 1W technicals turned overbought the last two weeks (RSI = 69.506, MACD = 3.780, ADX = 64.451), it is an indication that we should start selling. During the previous long term correction (September 14th - January 13th) inside this Channel Up, the price had a controlled decline inside a Channel Down pattern before bottoming more aggressively. As such, we take this opportunity to enter a comfortable long term sell, and target a possible 1D MA200 connection (TP = 152.250). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
CADJPY: Retracement Expected FirstI'm expecting a retracement from this pair soon. it's massively over-bought, that said I think it will push up to just past 110 to meet resistance before it does. I've got my alerts set at 110. Being over-bought is not a determining factor, we can see that recent previous high levels were more overbought than they are now, before retracement. I can also see that the loose monetary policy of BoJ continues to negatively affect the value of the Yen, and this doesn't look set to change, so I'll be waiting and watching - if we break resistance then we could be heading all the way up to 116 - 118 (last seen in 2007), but I do think we'll retrace first, down to 106.5 so could be around 350pips. I'll be using LTF's and wait for confirmation before executing any trade.
Short
by Finchcliffe
1
AUDJPY: Sell continuation with two support levels in focus.AUDJPY is on a 3 week selling streak with the 1D time frame just turning neutral (RSI = 45.648, MACD = 0.510, ADX = 43.673) after more than a month in the bullish zone. The price is approaching the 1D MA50, where you can buy on a 2-3 days basis but we mostly focus on getting a sell on that bounce and target the HL trendline (TP 93.100) near the S1. Further selling can be done only after the price closes a 1D candle under the 1D MA200 and target the S2 (TP = 90.300). Until that happens, the HL will be a buy entry for us, targeting R1 (TP = 96.850). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope