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USDJPY H8 - Sell SignalUSDJPY H8 We were following USDJPY last week and this was something that unfolded nicely for us after a little bit of patience, profit was taken, risk was mitigated and we pushed back to entry following a stronger dollar during the NFP event on Friday. We are now pushing to the extreme levels of our major resistance price. Slightly south of 152 for the moment. But the whole number could be a good price to see a final attempt at shorts. Remember, we haven’t traded north of 152 for over 3 decades. 34 years! Opened stop loss a little here compared to previous measures, could certainly be worth a final shot. Offering between 10-15R.
Short
by Trade_Simple_FX
GJDAILY Still expanding the current wedge we are in. Peaking at 193.50, which could either be our ceiling this week or our target before heading up to 193.60 4H We are still in a small pullback flag, so the assumption stays that long term we are bullish but no commitment as of yet. 1H We either going to bounce on 191.30 or we are going to get rejected at 192.00, for now just hold on and wait. 15Min Opened with gapping downwards and now we are shooting upwards. So that shortfall will be recovered, for now stay watching. We'll wait for more developments.
by Mhangwane1
UJThe forecast went in the direction of the market. Which shows that we working and getting better and the edge getting sharper. DAILY We finally broke out of the consolidation and chose a direction (short). Bouncing off 150.80, with the current candle now pushing upwards. We have slight direction as to what we are doing. 4H Bull channel and we hit the bottom of the channel, with patterns confirming the rejection and bullish candlesticks pushing upwards for the reversal. 1H I see an inverse H&S and we are breaking the neckline of the pattern, so now it is a matter of waiting for the retest (151.30) before we enter any trades. 15Min Bearish low test candlestick (Reversal), which is playing exactly towards the trade we would take. NB!!!!!!!!! NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
by Mhangwane1
GJWe did well on the trade. Now rinse and repeat. DAILY Broke down below 191.24 and closed there. We are currently forming a reversal candlestick, the next candlestick will give us direction. 4H We are trying to reverse from the drop that happened. Bouncing off 190.80, and we still pushing up. We still in the middle of a bear channel reversal, so we are waiting for it to touch either 190.00 or 192.00 before we follow through on any trades. 1H Waiting for the rejection at 191.24 or the break through of it so we get more direction of what we are doing. 15Min We in a downtrend, so there is no intention to look for longs. NB!!!!!!!!! NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
by Mhangwane1
UJDAILY All we have is consolidation and reversal candles with no definitive pattern. Yet they are pushing upwards, tomorrow we will get the correct direction. 4H Inverse H&S and we still struggling to break the neckline of the pattern, therefore we have no guarantee that we are going up. We broke it but came right back and have been struggling to break it (151.70) 1H Once again we are rejecting the neck line 151.70 which should tell us that actual momentum we'll only see tomorrow before NFP, during NFP and after NFP. Till then sit still. 15Min 151.67 and 151.63, this gap should further show that there is still strength from the bears which has not fully played out as the volatility is yet to kick in.
by Mhangwane1
GJWe did well and got both our trades hit our exit point. Now rinse and repeat DAILY Broke through a resistance level and started creating new highs, plus our ascend was very impulsive and engulfed the bears in the market. Indicating we are pushing up and fighting bears now. 4H 191.24, the support price I will believe will give us further signs to look for longs in the market. 1H Broke 191.24, retested 191.80 and kept going. Now it's slowed down at 192.20 so we stay patient and wait for the trade to come to us. 15Min Next candle closes bearish engulfing and we will have some sort of bear run, just the length of the run we won't know exactly (remember we are in a full bull run, Daily structure)
by Mhangwane1
UJUPDATE 4H We are still consolidating and this is not the time to enter but rather the time to wait for a breakout of either direction. 1H We are in the middle of a channel but we are consolidating. If we follow the possible formation of the channel we expect a bull run to 152.20 which will be a break of the highs and a point to look for trades to enter. 15Min That trade idea placed is very poor and not one to take, especially where UJ and NFP week are involved as high volumes of volatility can kick in whenever high demand is supplied.
Long
by Mhangwane1
Yen Strengthens Following Bank of Japan InterventionThe yen has appreciated recently after the Bank of Japan intervened in the currency market. This is a significant development with potential implications for the foreign exchange market. Considering Going Long on JPY? A stronger yen could be an attractive opportunity for traders looking to go long on the currency. However, it's important to conduct thorough research and consider factors like: • Market Volatility: Currency markets can be volatile, and the yen's rise may not be sustained. • Overall Investment Strategy: This move should align with your broader investment goals and risk tolerance. • Conduct Your Own Research Before making any investment decisions, research the yen's future outlook and analyze potential risks and rewards. We're Here to Help If you have any questions or would like to discuss this development further, please don't hesitate to contact us via the comments.
Short
by bryandowningqln
USDJPYWEEKLY Previous candlestick confirmation were 2 bullish engulfing candles which gave us bullish movement. DAILY 152.100 our rejection level, even got a reversal candlestick right on it but we will wait for the next few candles. Rather an immediate breakout either up or down, we have consolidation. 4H It's just more consolidation, up and down, averages no immediate or directive. 1H Just an assumption to the upside, but it's not guaranteed. 15Min Will wait for 151.800 to be hit before doing anything
by Mhangwane1
EURJPY I Potential intraday buy from support Welcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
GJLet's stay watching because where price currently is (190.90) is a level to watch. We close below here, have a rejection, confirmation candles then we know we are looking to stay going down. 1hr has already given us 1 confluence, we need 3 before we enter. It is forming a second one but has not confirmed it yet. RISKY TRADE IDEA, enter the market with sells but closely monitoring the SL you place in because this move is not yet complete. I will stay watching and waiting for the perfect entry.
by Mhangwane1
GBP/JPY H4 | Falling to pullback supportGBP/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 190.501 Why we like it: There is a pullback support level Stop Loss: 189.595 Why we like it: There is an ovelap support that sits below the 61.8% Fibonacci retracement level Take Profit: 191.892 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
UJWe are still holding and waiting before actually placing this order. We need more confirmation, especially that of high volatility and high impulsive energy before we are certain. Wait for the break of the current channel. Waiting for retest Enter - Those are the rules for this idea before we even enter. It looks tempting and a break of 151.200 looks like the magic price but its just a level to watch not to trade on. Always remember these forecasts / ideas / predictions are all mine not ours, not for you. This is my way of journaling and keeping record for myself and own trades, anyone that follows this advice, idea or sentiment is by your own risk and own decision.
by Mhangwane1
Long USDJPY as Bank of Japan Raises Rates!The hedge fund industry's short weakness on the yen is creating a fantastic opportunity for us to long USDJPY! As the Bank of Japan prepares to raise rates, now is the perfect time to capitalize on this trend and potentially make some significant profits. The recent weakness in hedge fund shorts on the yen has created a favorable environment for us to take advantage of. With the Bank of Japan signaling a potential rate hike shortly, the USDJPY pair is poised for a strong upward movement. This is a golden opportunity for us to get in on the action and potentially ride the wave of a bullish trend. I urge you all to consider taking a long position on USDJPY and seize this opportunity to potentially profit from the upcoming rate hike. Don't miss out on this chance to make some serious gains in the forex market! Let's make the most of this exciting opportunity and maximize our potential profits together. Get ready to long USDJPY and ride the wave of success as the Bank of Japan raises rates! www.hedgeweek.com
Long
by bryandowningqln