Tradesignal
USDJPY longStill waiting for a long set up on USDJPY. The start is similar to that of yesterday as we have not seen a move above yesterday's high.
So now we're just waiting to see if the bulls will buy at a discount.
EURJPY and GBPJPY will be pushed around by the USDJPY so if all 3 line up on an area of demand, I'll pull the trigger.
USDJPY waiting for price actionCurrently, the USDJPY is trapped between a previous day's high and a recent day's low.
Until we break out of this range there is little to do.
Yesterday's target was not the rebalancing of the previous 3 days' action but the high from the 13th. If we get a break below this level, I'll have to look for a short down to 132.50
The DXY higher time frame chart shows that there is a higher probability of a move below 100, so this would help drag the USDJPY lower. The main reason for the move though is the market participants' expectations of a change in monetary policy from the BoJ. If they were to tighten in any way, the Yen would blast higher and the USDJPY would crash.
The GBPJPY is under Monday's low and if this holds Tuesday's momentum may carry on to the downside.
The big outside on the EURJPY also looks very bearish
My only thoughts left on the GBPJPY are that there are two distinct levels of perceived resistance where there will be a lot of stops resting. these higher levels will at some point be a massive target, and formed the basis of my previous days thoughts on the market direction.
Once again, the USDJPY will drag these EURJPY and GBPJPY pairs around, so I am having to be patient.
USDCAD short idea An opportunity with a 72% probability of a rebound to the price zone 1.3466/76. Based on the Supply and Demand zones, previous new lows, breaking out of the demand zone, and today's high ATR above the previous 5-day average. I don't think that this place will be a trend change point, but more like a rebound where you can earn around 50-70 pips.
A clear analysis on USDJPY bearish wave and next opportunities USDJY bearish , actually in a tricKy situation , we expects two things
1 - price react to the ob ,
some price rejection at the 4hrs OB
2- Price respect the bearish wave , gy seeing exhaustion from the bulls ,
3- price might also break to the upside changing the whole bias ,
BE PATINT ENOUGH AND YOU WILL CACTH THIS TADE OR
JOIN THE PREMIUM SERVER FOR EXCAT ENTRY COR DINATES ANS STOPS .
NZDUSD > Possible Move and How to Trade!!Analysis of #NZDUSD
Hi traders, today we will have a look at #NZDUSD
The NZDUSD consolidates inside this beautiful wedge pattern, for consolidating patterns there are two ways to trade.
the aggressive way is to trade the inside of the pattern,
the conservative way is to wait for a confirmed break on either side, then enter with the direction of the break
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
S&P500 – TRADES | KW47 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis.
= since it is a very short-term time frame, I will not comment further.
= the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction.
The following methods are used and shown in the following:
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- POINTS OF INTEREST
- TREND LINES
SUPPLY & DEMAND ZONES
„4 hour + 1 day – time window“
„1 hour – time window“
„1-4 hour + 1 day – time window“
FIBONACCI LEVEL
„Intraday - time window“
„Day - time window“
POINTS OF INTEREST
„4 hour - time window“
TRENDLINES
„Intraday - time window“
„Day - time window“
RAW VERSION WITHOUT DRAWINGS
„4 hour - time window“
„1 hour - time window“
> Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!