USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵
USDJPY broke and closed above a key horizontal daily resistance last week.
After a breakout, the market retested a broken structure and started to consolidate.
I see a horizontal trading range on a 4h time frame.
To buy the market with a confirmation,
I am looking for a bullish breakout - a candle close above the resistance of the range.
It will give me a strong intraday signal.
A bullish continuation will be expected at least to 157.5 level then.
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M-trader
SOYBN/USD Short and SUGAR/USD ShortSOYBN/USD Short
Minimum entry requirements:
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USDJPY: Intraday Bullish Confirmation ?! 🇺🇸🇯🇵
USDJPY broke and closed above a key daily structure resistance.
Analysing an hourly time frame, I spotted a strong bullish confirmation
- breakout of a resistance line of a bullish flag pattern.
We see a positive bullish reaction to that after the release
of the yesterday's fundamentals.
I will expect growth to 157.5
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NZD-USD | 30M LONG | TECHNICAL CHARTHello traders, I have determined the formation target on the chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Thank you for considering my analysis and perspective.
Good luck
SOYBN/USD Short and SUGAR/USD ShortSOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short, SOYBN/USD Short and WTICO/USD ShortEUR/NZD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below AOI.
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short, WTICO/USD Short,WHEAT/USD Short & GBP/AUD ShortSOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WHEAT/USD Short
Minimum entry requirements:
• 1H impulse down below AOI.
• If 3 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short, WTICO/USD Short and SOYBN/USD ShortEUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 15 min rejection or phase line break.
WTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USDJPY Forecast for the WeekThe USD/JPY pair is experiencing volatility this week, driven by economic indicators and central bank sentiments. Initially pressured by lower-than-expected April inflation data, the US dollar saw potential for Fed policy easing, though Fed representatives have remained cautious. Weak preliminary Japanese GDP figures further contributed to uncertainty, potentially delaying Bank of Japan interest rate hikes. Technically, the pair is within a long-term ascending channel, with resistance at 156.25 and support at 153.12. Technical indicators suggest an uptrend continuation, but traders are closely monitoring central bank actions and key levels for further direction.
Resistance levels: 156.25, 159.37, 162.50.
Support levels: 153.12, 150.00.
Long positions can be opened above the 156.25 mark with targets of 159.37, 162.50 and stop-loss around 154.00.
Short positions should be opened below the level of 153.12 with the target of 150.00 and stop-loss around 155.20.
EURUSD: Time For Pullback?! 🇪🇺🇺🇸
EURUSD may retrace from a key daily resistance.
The market looks quite overbought after yesterday's bullish rally.
As a confirmation, I see a bull trap on an hourly time frame
followed by a bearish imbalance.
Goals: 1.085 / 1.0835
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WTICO/USD Short and SOYBN/USD ShortWTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPCAD: Time to Move Down?! 🇬🇧🇨🇦
GBPCAD may drop from a solid falling trend line on a daily.
I see a strong intraday bearish confirmation after its test on an hourly time frame
- bearish breakout of a neckline of an inverted cup and handle pattern.
The price can retrace at least to 1.715
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EURUSD: Intraday Bullish Price Action 🇪🇺🇺🇸
Yesterday's US fundamental data made EURUSD very bullish
and the pair managed to violate a significant structure resistance.
Retesting the broken structure, the price broke a resistance line
of a bullish flag pattern on an hourly time frame,
indicating a highly probable bullish continuation to day.
Next resistance - 1.0835
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