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Aud/Jpy(short, sell)Hello everyone ;) For this week I see a perfect opportunityat AUD/JPY to short or sell. From fundimental point of view my opinon is that at Australian dollar is started to forming a bubble, because australian dollar is to strong at least 2 months because of well handling of whole COVID19 situation. Today they reported just 6 new infection. Australia may not open broder for whole 2021 year to prevent new strain of COVID19 called B.1.1.7, which can affect on cash flow at Australia. Finally Japan will start a big project of vaccination at end of February which can gave a huge boost to Japanese Jen, but at the moment they have problem with the project of vaccination. Last survey showed that Over 80% — or 38 of the 47 prefectural capitals — have raised concerns about whether they have enough doctors and nurses to vaccinate residents against the coronavirus as the nation prepares to start inoculations in late February, according to a Kyodo News survey. My opinion that they will resolve that problem quickly because they are Japan, best organized country in whole world. From tehnical point of view we can see forming a LL and LH at 4h time frame and at 1 day time frame. Downtrend started at price of 80.055 where price multiple times tested resistance line. If you like to trade with moving averages it is very good signal to sell because EMA21,EMA50 and EMA200 are above the price. We have a bearish divergence which a mark on the Stohastic is also good signal to entry. So where to enter to a trade. My preference is to wait a breaking of triangle pattern and support line. First SL will be at above first HIGH or second SL will be at second HIGH. First TP will be at price of 79.537(depends on your trading style) and second one if you are looking more than one day will be at price of 78.831. WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
Short
by OmnipotentPower
4
EUR/GBP(Buy,long)Hello everyone :) After a couple month of taking pause of trading, because december was very volatile, because of whole BREXIT deal, waiting for approval of EU to new vaccine, US stimulans and etc. From fundimental side in Germany we can see a little bit decrease of infected and this can be a optimism for Euro but in Europe is started to spread a new variant of coronavirus called B.1.1.7, but there are some good news. Germany saw a big decrease of infected of COVID-19 and Germany is engine of whole EURO currency so that can a steam against Pound. It is proved that Pfizer and Moderna vaccine is effective against it. UK are in most "hard core" lockdown or phase 3 where is everything is locked till the first circle of vaccination is over and that will be over when they vaccination the most endangered group, that are people which is older than 65. On Friday we saw a big decrease of GDP at UK, a little bit decrease in manufacturing and I think that will make GBP the weakest currency on the market in this week. From tehnical point of view, we can see a little HH and HL which we can assume that maybe trend is changing. There is divergence whis is making LL and at chart is forming HH,HL and for someone who likes to trade a divergence it can be a good signal for buy ofc we need to wait a confirmation candle. There is a descending channel and at we can see a price rebounding from it, that can be a confirmation that channel is very strong. For entry to trade I have a couple of ideas. First is after breaking a resistance line to enter at trade, if you are a aggresive trader, second one wait HL and our new support when price breaks through currently resistance at price of 0.89111 approximatle( it depends on your trading strategy). The last one is watching of our resistance line and descending channel and if break our channel that can be a confirmation that price will move to our TP which is at price of 0.89877. P.S Today at 11:00 CET is German ZEW Economic Sentiment (Jan) which is forecast a increase than previous month, this news can give a EURO steam to go up so watch is closely WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
Long
by OmnipotentPower
3
USD/JPY(Short, sell )Hello everyone, First prediction for this week be USD/JPY sell. From fundimental point of view yestrday in Usa was set up a record with a new record of infection which from my opinon will send away investors or trader from investing on USD. But if you wanna to make short on USD/JPY I preffer to wait GDP of Japan which is at 00:50 at UTC+1. From tehnical point of view we can see obviosuly a false breakout and testing resistance line couple of days with strong bearish signal on pin bar with bearish engulfing. Ema of 50 is above Ema of 21 which is pretty good signal that we are talking about down trend and Ema od 21 make crossover of last candlestick which is good signal for downtrend for traders who likes to trade on crossovers. From trend point of view we have a descending channel pattern with bearish candlestick rejected from top of descending channel which I predicted that our trend will go down to our support line at price of 103.190 cca.( depends of your trading style of make a decision where is your support line) which will be our TP. Our SL will be at above resistance line at price of 105.273 cca..( depends of your trading style of make a decision where is your resistance line). WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
Short
by OmnipotentPower
1