As per previous posts we have been bearish USDJPY,
It's taken it's time to break out, but it's starting to work out, potential pullback to dashed line for further shorts and downside on this pair.
As per previous posts we have been bullish. This swing trade took a while to play out but it's getting there, taking some profits at these levels and leaving the rest to run risk free with stop at break even.
Analysis on the monthly has given us a bullish bias on this index. Looking at the daily we are being patient and waiting for price action to provide us an entry to go long around the POC/VAL levels.
After clear double top, break down of structure and price now retracing to test the VP POC, we could start looking for short opportunities back down to the VAH and POC of the main upward move.
Oil has had a large mark up recently, it has broke structure and has retested (dashed red line), this also coincides with volume profile POC being tested and rejected.
Potential for a long trade on the monthly TF, or as we will be using this analysis to find long swing trades on lower timeframes.
Volume profile analysis suggests in the bearish run there has been profits taken and potential longs opened at lower prices. This along with the volume imbalance (potential trapped longs) at the the start of the run suggests a deep retrace back to VAL(1.15287) and POC (1.21265) for further accumulation before the next move.
We will have a long bias on EURUSD...
As per previous post, USDJPY monthly short bias, we have taken a short swing trade on the H4 following a VAL rejection along with RSI overbought double top.
Volume profile analysis suggests in the bullish run there has been profits taken and potential shorts opened at higher prices. This along with the volume imbalance (potential trapped shorts) at the the start of the run suggests a deep retrace back to VAH(115.175) and POC (109.928) for further accumulation before the next move.
We will have a short bias USDJPY...
