JPY BASKET SHORT - TERM SHORTS 📉📉📉Expect bearish price action over there as price takes out liquidity above weekly highs and closes bearish imbalance on h4, targets 9250.
What do you think ? Comment below..
JPYBASKET trade ideas
JPYBASKET SHORTS PENDING 📉📉📉Expect the price of JPY to start the selloff as we are approaching an important area of resistance around POC area x2 + bearish orderblock and bearish imbalance fill. This means bullish for xxx JPY pairs.
What do you think? Comment below..
JPYBASKET UPDATE ✅✅✅ JPY POC AREA X2 touched we have a huge bullish momentum, as i told you in this mornig only try to short XXX JPY pairs as we have strong JPY.
What do you think ? Comment below..
JPY BASKET LONGS 📉📉📉I expect bullish price action on JPY BASKET as price is in a bullish market structure on a HTF, multiple wicks rejections on 9300 level. Bullish orderblock + imbalance area
JPY INDEX BULLISH means BEARISH on XXXJPY PAIRS, try to short there.
What do you think ? Comment below..
JPY BASKET LONGS 📉📉📉Expect the price to rise on JPY INDEX as we rejected a bullish orderblock on h1 and filled a bullish imbalance, we are in a bullish market structure on a HTF.
Look for sell orders on XXX JPY PAIRS
What do you think ? Comment below..
JPY BASKET LONGS 📉📉📉Expect JPY bullishnes as we are in a bullish market structure on a HTF premise, rejecting right now a bullish orderblock h4 ,, support area ,, we filled the bullish imbalances and right now should see another leg to the upside.
JPY BASKET SHORT - TERM SHORTS 📉📉📉Expecting JPY weakness into sell side liqudity, price took out buy side liquidity on a htf basis made a lower high on a ltf rejecting a premium market area on fibonacci, we should see bulishness in XXXJPY currency pairs, look for longs over there.
How do you see ?
JPY BASKET SHORT - TERM SHORTS 📉📉📉JPYINDEX should start the selloff in this area, price took all the liquidity above weekly high area. We can see that the bullish momentum is low already and we can see some bearish candles in formations, i expect to see the selloff at the start of NY session. This means bullish xxxjpy pairs if you have clear entries
What do you think ? Comment below ..
JPY BASKET SHORT - TERM SHORTS 📉📉📉On a short term perspective(start of the week) i see JPY to make a drop back into 9200 / 9080. Price rejected a bearish orderblock on d1 and filled a daily imbalance, also took out the stops above 9300 and reversed quickly. I would like to point that best trades right now are BULLISH JPY, but if you are more riskier you can try some shorts going into the start of the week.
What do you think ? Comment below
Short-Term Japanese Yen Forecast Possibility of a correction for more upside within the YEN in the coming weeks! The YEN has become heavily bearish after it recently broke below a key structure level and previous monthly lows to create a lower low in the market. Price has been moving with clear impulses and corrections on the larger time frames and it is clear to see that we are retracing which is part of a larger correction with the likely-hood of another impulsive move down at some point. For the moment however, price is creating clear bullish trending structures on the lower time frames meaning my bias is short-term bullish until we see a break of structure and a change in trend.
At the end of this week we have seen price impulse up into a daily key level and close below. As this was a strong impulse, i would like to see price move in a descending corrective manner at which i will be targeting 2 levels for bullish momentum. The first possible price reversal zone would be as marked as this is also a 50/61.8% Fib retracement. However, there is the possibility of price to push lower to close the imbalance left in the market which was caused by the impulsive move. As long as we don't break structures i will remain bullish in the short term and look to target the weekly key level of 9550. One thing i will be watching for is the possibility of a double top around the daily key level incase we roll over to the downside, then my bias will change to bearish which will fit in with the overall continuation of the larger trend. When looking at which of the YEN currency pairs to trade i will be looking to see if i can see descending corrective movement in JPY/XXX & Ascending corrective movement in XXX/JPY pairs which mirror the index.
Feel free to leave any comments!
JPYBASKET LONGI got LONGS on JPY, price is rejecting an imbalance h4 area. We are in a bullish market structure, expect the price to make another leg to the upside way above 9200, we have bullish momentum and bullish closure on h4, bearish JPY on 11.25.2021 try to find short opportunities on xxxjpy pairs.
YEN BASKET SELLlistening to call me if you get lost and on one song he was like "rolls royce pull up black boy hop out" resonates with me 100% 🤣 okay yen basket...
• last week marker respected my upward trendline for the 3rd time and bought
• reached a level of resistance and lost some steam as we can see by the short bodies of the candlesticks
• which all this caused a period of consolidation and an upward consolidation pattern at that
• so i'm expecting that pattern to break and then only will it be all systems go to SHORT the YEN BASKET
• take profits will be set at the trendline as i expect it to go test it again or maybe even break who knows
GREAT SUCCESS!!!
yen basket sell• this pair has formed a channel on the daily and weekly timeframes
• and for the past trading days it has formed an upward correction on the DAILY and H4, after a huge bearish impulse
• a third touch on the corrective pattern happened yesterday so market was bearish today and i'm looking to see it carry on it's bearish trend until the support of the channel
• an inner trendline formed on the H1 and H4, it has been broken together with a support level which makes it able to SHORT the YEN BASKET (H1 closed below support) if we had missed the initial breakout
JPY YEN,H4broken descending TL and anticipating for a touch of the ascending TL for confirmation for JPY Basket to push further up
JPY YEN,DAILYyen looks like it might gain some buyers momentum and we be selling most yen pairs if this plays out
H4 YEN BASKET BEARISH CONTINUATION• made a mistake and published using D1 which really isn't clear but here's the H4 chart
• as we can see market is at the apex so really a breakout can happen any moment from market open
YEN BASKET BEARISH CONTINUATION so what we have here is...
• this market has been BEARISH from pretty much 2020 and has formed a DOWNWARD TRENDLINE/BEARISH CHANNEL
• in september price respected the downward trendline/resistance of channel and has been in a BEARISH move towards the support of the trendline
•so in the past week there was a corrective move seeing by the short term change in direction and small bodies of the DAILY candlesticks
• a downward and upward inner trendline were formed and now market is by the apex so expecting a breakout to the downside and price is to go respect the support of the channel
• i'll only enter if the H1 breaks and closes below the upward trendline
but then if market goes bullish we adapt and change our approach
GREAT SUCCESS!!
JPY pairs shortA quick trade idea on JPY index to be used for JPY pairs
*previous long idea is linked
**EJ trade is also linked
JPY basket to find support for XXXJPY ShortsJPY basket to find support and provide a major relief rally for Yen pairs which means i will be preparing and scaling into XXXJPY Shorts this week
YEN BASKET ANALYSIS FOR NEXT WEEKon friday market tanked down because of of nfp and also because of technicals (market was already bearish for 2 weeks) so upcoming week there'll be a slow of momentum resulting in a corrective move (retest of broken trendline) then market will continue in overall direction and i'll be looking for price to reach my take profit level as it was a support level in the past
JPY BASKET Where next ?Hey there everyone,
A currency's index can be of utmost importance while trading ,So let's see what's happening with the Yen Index to set targets and apply them to the XXXJPY pairs
As we can see the price just broke through an important zone and 2 descending trendlines ,achieving the target of the previous Double Bottom formation
Although waiting for more from the yen may be tempting to make more pips however this seems unlikely as price has been on the rise the whole week
So we have 2 scenarios in mind :
1-This is just a fake-out which will be confirmed by returning below the previous resistance and trendline as we are at:
#Fib level 0.786 #Long Upper Wick #near 100 EMA #approaching overbought area on HTF
2-A break-out in progress AFTER we complete a short term retracement to retest the broken structures during the next week near Golden Fib levels and the 100 EMA + 20 EMA Crossing the 50 EMA
Targets will be
1-Continuation of the Downtrend since 2021 making a LL below 9000 within the next couple of months
2-First one will be the previous zone of resistance at 9400 to 9450
Next one will be around 9550
$$$ THE COLOR CODING SYSTEM $$$
Violet : Weekly and Monthly
Red : Daily
Blue : Hourly
Thanks for your reading and wishing you all a good weekend
YEN BASKET BEARISHAs we can see market broke the trendline and went for a retest late last week. Looking for price to reach the less steep trendline tbis coming week.
