JPYBASKET potential for bearish dip! | 30th March 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 8467 in line with 78.6% Fibonacci Projection towards our Take Profit at 8096 which is a graphical swing low. Prices are trading below our ichimoku cloud resistance, further supporting our bearish bias.
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JPYBASKET trade ideas
JPY Index_Update 3rd Week March 2022What information can we derive from JPY Index:
1. Yen is heading towards major swing low trendline. We notice price bounce 2 times in Jun 2020 & May 2021 and we predict it will follow the same pattern
2. From eWave perspective, Yen is in process to complete the final wave (wave 5)
3. It previously broke the correction process of subwave 1 & 2 and currently heading towards completing subwave 3
4. We predict price bounce from the trendline (end of subwave 3) and start making correction towards 61.8% fib level which the only nearest level that we can see to open or close our position
What is our bias:
JPY Bounce from trendline and hopefully gaining strength which turnout to be XXXJPY to Sell
JPY Index _UpdateFrom the chart, we have identify a complete 5 waves which previously lead to major bearish impulse. At this time, it's difficult to identify a bigger corrective structure and we noticed only wave A has completely formed
Using a parallel channel to measure a rejection from the swing low trendline where likely a start of wave B
Only interest to go for Short for yen pairs i.e. xxxjpy (Sell) if it's only a confirm bullish on Yen index
JPYBASKET potential for pullback! | 8th March 2022Prices are at a strong resistance. We se the potential for a short from our sell entry at 9200 in line with 127.2% Fibonacci extension towards our Take Profit at 9090 in line with 61.8% Fibonacci Projection and 127.2% Fibonacci Projection. RSI is at levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Failure Swing (SMS) and how to trade itโผ๏ธ When there is an uptrend market and the price fails to break the last top (Swing High) and breaks the previous bottom (Swing Low), an SMS is considered to have occurred (vice versa for Bearish). Also, this pattern is considered a good confirmation for reversal.
Try to use it and you will make your analysis better!!!
JPYBASKET SHORTS ๐๐๐๐ Expecting bearish price action on JPY as price touches 9200 institutional figure and takes out liquidity above the old high, the price moved inefficient last week with a lot of imbalances that has been left on the chart. I think on monday we will see a nice retracemnet on JPY meaning XXX JPY pairs bullish.
What do you think ?
JPY INDEX - MASSIVE LONGS on GJ, UJ, CJJPY index just broke our TL, this little situation has presented a lot of LONG opportunities on the IJPY quotes currencies. We are patiently waiting for the 61% fib to get taken then we have ourselves a massive LONG opportunities on GBPJPY, CADJPY, USDJPY.
LIKE AND FOLLOW to see my follow up post on the exact entry and targets on those pairs. This can be an easy 1000pips profit.
JPYBASKET potential for pullback! | 25th Feb 2022Prices are consolidating in a parallel channel. We see the potential for a dip from our sell entry at 9132 in line with graphical overlap, 38.2% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 9051 in line with 127.2% Fibonacci extension. RSI are at levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPYBASKET potential for pullback! | 22 Feb 2022Prices are at a pivot and on bearish momentum on a bigger timeframe. We see the potential for a pullback from our sell entry at 9130 in line with 100% Fibonacci extension and also graphical overlap towards our Take Profit at 9048 in line with 61.8% Fibonacci retracement. RSI are at levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPYBASKET is on bullish momentum! | 21st Feb 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a buy entry at 9036 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 9101 in line with 61.8% Fibonacci retracement . Our bullish bias is further supported by RSI being on bullish momentum and prices trading above our Ichimoku cloud resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPYBASKET is on bullish momentum! | 21st Feb 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a buy entry at 9036 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 9101 in line with 61.8% Fibonacci retracement. Our bullish bias is further supported by RSI being on bullish momentum and prices trading above our Ichimoku cloud resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPYBASKET potential for bullish momentum! | 18th Feb 2022Prices are on bullish momentum and abiding to an ascending trendline. We see the potential for a buy entry at 9029 in line with 50% Fibonacci retracement and 38.2% Fibonacci retracement towards our Take Profit at 9116 in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Prices are trading above our Ichimoku cloud and also RSI is showing bullish momentum, further supporting our bullish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPYBASKET on bearish momentum! | 15th Feb 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 9083 in line with 23.6% Fibonacci retracement towards our Take Profit at 8997 in line with 61.8% Fibonacci retracement. Prices are on bearish momentum and also RSI is at levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPYBASKET is on bearish momentum! | 14th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 9064 in line with 23.6% Fibonacci retracement towards our Take Profit at 8992 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci retracement. Prices are trading below our Ichimoku cloud resistance and also RSI are at levels at dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
JPY BASKET LONGS ๐๐๐๐ Expecting bullish price action on JPYBASKET (YEN INDEX) as price is rejecting a bullish orderblock on h4 forming the AMD pattern Accumulation - Manipulation (right now) and we should see from there the Distribution of the price meaning bullish JPY, if we have a strong bullish candle on h4 we would go higher way above 9200/9250.
What do you think ? Comment below..
JPY BASKET LONGS ๐๐๐๐ Expecting bullish price action on JPYBASKET as we are in a HTF bullish market strucutre. There is a possibility of making an AMD pattern as price is now accumulating getting orders both on long/short side after that we can see a run on stops below weekly low then bullish reversal.
What do you think ? Comment below..
JPY likely to MVE UP!Hey tradomaniacs,
JPY-Basket is re-testing a struong support-zone and should hold it in order to continue the trend.
Risk-Off in equities would confirm my expectations.
So far, a good risk-reward-opportunity!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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