Yenpairs
2017 - Yen Forecast MajorsYen has rallied from its recent lows near the end of 2016. Bearish stance remains intact however allow further rebound into the .236 or .382 fibonacci area. Expecting Yen to continue its rebound as long as its 2017 lows is not broken.
USD/JPYSell order placed on FX:USDJPY . Last weeks weekly candle has shown some indecision, if price hits my sell order it could determine a reversal and a bearish move down.
AUD/JPY SHORTPrice is struggling at weekly resistance
price has broken below the weekly indecision candle
Could see a reversal down to previous weekly support
CHFJPY BREAKOUT TRADEPRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT.
ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR.
FOR BUY:
ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL.
FOR SELL:
ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL.
IN ORDER TO AVOID FALSE BREAKOUTS, ENTER TRADE AT 50 PIPS ABOVE OR BELOW THE PRICE LEVEL.
STOP LOSS 100 PIPS
USD/JPY Friendly breakdown, scenarios and entry strategyA breakdown of USD/JPY with potential scenarios for both the up and downside.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!
COMPARING YEN PAIRSWhen we posted the chart below on Friday last week at 15:15, at about same time, all related yen pairs extended upside by a minimum of 40pips. But chfjpy made only 16pips to the upside, before dropping on Sunday open by a massive 120pips. This is mind bugling considering a 40pips moves to the upside was first profit target @114.95.
