JPY Pairs setting up for breakouts across AUD/JPY, GBP/JPY,
Break of counter trend and retest/HL entry Price heading towards Demand and FIb zone for a pullback.
Interesting Setup unfolding on the DXY. Strong Downside Potential
GBP/JPY Bias Change Successful with Bullish Break of Box
This Is not a High probabilty Setup: - price has remained in this range, therefore it is not creating the required momentum for my setups. - It may unfold successfully after all! But it is important to stick to your rules for long term success, not just for the next trades success. Lets see if the .618 zone holds! If successful i see a strong trend forming for...
Possible Setup Taking Place on AUD/JPY Pull back within overall trend, retrace to a strong fib zone, if counter trend forms, and trend line holds. Entries on the breakout or a HL retest! Price is slightly overextended! A strong counter trend may take place upon break of trend line *Ignore the small note haha its for a new system*
Macro Bias Change on JPY pairs I see a bearish shift to then Yen in 2021. Therefore this setup has now been shifted to a long trade.
My 2021 forecast for E/J is a climb to the 137.00 level. Bullish all year with my EJ setups. Let me know what you think! Excuse the messy chart haha.
This was a beautiful trade from earlier on during the week that I unfortunately missed haha. As you can see the confluences are stacked and the entry is always when the momentum enters the market.
The Aussie had a terrific 2020, arguably the strongest currency of the year! It's Bull run has not yet seemed to have been weakened! Which leads me to question whether it has turned around for the long term? - It has strongly broke the channel it has respected for the last 3 years and has appeared to have held. - Last year it had also bounced off its All Time...
The Aussie had a terrific 2020, arguably the strongest currency of the year! It's Bull run has not yet seemed to have been weakened! Which leads me to question whether it has turned around for the long term? - It has strongly broke the channel it has respected for the last 3 years and has appeared to have held. - Last year it had also bounced off its All Time...
Entry on Breakout and Hold of counter trend line for an aggressive entry Or Enter on a small LH formation for a less aggressive entry. *This may seem as an overly strict strategy to some, but your edge needs to be spot on each time. willy nilly trades with any old LHs or breakouts etc. Is just a recipe for losses and losses. With my system I know within 1...
Pro Backtest Method: STUDY CANDLESTICK BEHAVIOUR - You should know what type of candle your ideal entries are taken based on momentum/rejection. - To help with in the moment decision making before entry and avoiding impulse entries try this; 1. Open Chart During your preferred session and timeframe. Look to see if market conditions are similar to your...
GBP/JPY Update - Price may continue lower and break range due to the D.T. - Market makers might start dragging price down instead of letting price hold this level. - Looking Left GJ has been very sideward and ugly, with no real daily trends or momentum bias.
My Thoughts on GBP/JPY - Setting up Similar to AUD of course. price forming a box with price creating a strong resistance. - Looking for an Opportunity on a bearish break of box, with large bearish phase due across all JPY pairs. I want to wish Everybody a Happy New Year. Blessings and Positivity for this Upcoming Trading Year, it's setting up to be a great one.
My Thoughts on AUD/JPY Price is Due Large Weekly Bearish Phase I will be looking to Take an Opportunity if I get a Momentum Shift and Break of Trend on the 30m chart. I am a Daytrader, so I will be looking to take Sells on all my JPY pairs for the foreseeable future. I dont recommend trying to Swing Trade this Reversal as the markets can usually behave erratically...