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Japaneseyen

NZDJPY Sideways with new High towards the end of the year.The NZDJPY pair almost hit its yearly High two days ago and this 2 day rejection illustrates that this was the medium-term top. As noted in our last analysis, this is roughly replicting the March - September 2021 sequence, where the pair gave two solid sell and two buy opportunities before making a new High. Right now the price should pull-back on the medium-term towards the 1D MA100 (green trend-line) after the 1D MA200 (orange trend-line) was tested and held on the last Low. By the end of the year we should have a Higher High within this Fibonacci Channel. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3
CADJPY Top confirmed. Huge success with previous pattern.The CADJPY pair has been trading within a Bullish Megaphone as outlined by our last analysis almost two months ago: As you see the Fibonacci Channel helped to very efficiently identify the pressure points and the price moved exactly as per our trading strategy. As seen, it found support on the 1D MA50 (blue trend-line) and rebounded, imitating the pattern of March 15 - May 15 2021. Yesterday it almost hit the Higher Lows trend-line of the Megaphone and is being rejected currently. As the 1W RSI Double topped in the same fashion as late May, it is more likely that this was the top on the medium-term. It is now that the Fibonacci levels will come in play again and if the pattern continues to replicate the 2021 one, expect a strong correction during the summer months towards the 1.5 Fib level, were the price should find support within the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line), or earlier if they rise faster. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4
TRADE OF THE WEEK | Trend-Following Trading in Action 💰 Hey traders, GBPJPY is trading in a long-term bullish trend. Higher lows are perfectly respecting a rising trend line on 1H. Once the trend line was tested I was looking for a confirmation to buy the pair. My confirmation was a double bottom formation. I bought the market on a retest of its broken neckline. Then the market started to grow sharply! I managed to catch a very nice winner with a trailing stop. Did you manage to catch that move? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
USDJPY Key long-term pivot.The USDJPY has been on a parabolic rise since March 08 with the 1D MA50 (blue trend-line) supporting the whole move. In fact the most recent rally came on the May 30 1D MA50 rebound. The overall long-term pattern is a Fibonacci Channel but the most important level to consider next is the 135.100 Resistance which is the January 2002 High. Indeed that is a 20 year old Resistance level but macro-wise, the market psychology is very tied to such levels. A rejection there, should make the pair turn sideways long-term in the same manner as April - September 2021. A 1D candle close above it though, should see us test the next Fibonacci extensions in line, the 3.5 and 4.0 ext. The 1D MACD is on a Bullish Cross and that technically favors the bullish trend, at least on the short-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
5
GBPJPY Long-term buy opportunityThe GBPJPY pair has been trading on a long-term Fibonacci Channel pattern as we outlined in our last analysis two months ago. Since May 12, the price is on a strong rebound having hit the 1D RSI Buy Zone. With the prior top resembling those of August 2020 and March 2021, the pair is more likely to extend this rise either instantly or less aggressively, as long as the 1D MA50 (blue trend-line) is supporting. In either case, the Target should be at least the 2.0 Fibonacci extension of the Channel or at least when the 1D RSI enters its Sell Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4
CHFJPY One break-out and one pull-back buy level.The CHFJPY pair has done brilliantly since our last analysis, giving a perfect sell and then rebound at the bottom of the Channel Up: Right now the price is approaching the top of the Channel so it is best that buy profit is taken. A break above the Higher Highs trend-line of the pattern at 138.500 would be a buy continuation signal. If rejected though, it is best to wait and buy again closer to the Higher Lows (bottom) trend-line of the Channel Up. In either case, our Target is the -0.5 Fibonacci extension, which is currently around 144.440. As this chart shows, the -0.5 Fib has been the Higher High target since 2021. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1