EURJPY - SWING - 21. DECE. 2020Welcome to our weekly trade setup ( EURJPY )!
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1 HOUR
Sideways moving market structure!
4 HOUR
Expecting another push to the upside..
DAILY
Overall bullish market in consolidation now.
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FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 126.210
SL @ 125.770
TP @ 126.860
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Eur-jpy
EURJPY 4hour Analysis December 20th, 2020EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We’re looking for long scenarios and to ride the overall bullish trend. Current price action is forming a higher low and could present entry confirmations fairly soon. Look to target higher toward key resistance and negative fib levels.
Trade scenario 2: Price action will remain bullish until 126.000 is broken and retested with a confirmed lower high below.
The trend continues I EURJPYThe uptrend in EURJPY started in early November.
This month we saw a correction in the form of a range.
Now comes the time to continue moving in its main direction.
We expect a break and continuation to the following levels of resistance:
127.17
127.65
128.09
The scenario fails when the previous bottom breaks.
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ridethepig | G10 FX Christmas Chartbook 🎄 @ridethepig | G10 FX Christmas Chartbook
📌 USD - devaluation continuation is the name of the game ...the breakdown is cooking; Biden has turned dollar into an awful shelter. Look for cover elsewhere, a 'digital dollar' could also be a beautiful political manoeuvre in which we may see the transfer of whole equipment from West to East. Needless to say, the centrepiece to the FX board is looking a lot less convincing as we end the year compared with how we started.
📌 EUR - bridges are building ...eurobonds entering into the picture has been decisive, debt mutualisation is a necessary component for the currency to survive and Coronavirus was for Merkel what Britain was for Alexander Hamilton. Political bridge building will provide a nice shelter for the coming year(s) and the bias is to remain long EUR/USD.
📌 GBP - is also playable of course ... and should be one of the better isolated macro trades here. While Johnson has managed to provoke Biden, he has lovingly moved away from no-deal via Trump back to secured the 'deal' with Europe. The subordinate Johnson deal will not really be considered better by anybody in the ST and is unlocking a leg lower in GBP assets. The only prevention for the annihilation manoeuvre, as has already been pointed out, comes from the dollar devaluation which can enter into play sharply into 2022. This is an instructive example of balancing a portfolio.
📌 JPY - "if it aint' broke, don't fix it" ...the West have a lot to learn from Japan when it comes to understanding how to deal with the issues surrounding private debt from 1991. Of course, you are right to say well @ridethepig the West didn't let asset prices considerable weaken, sure, but this is why growth fizzles out. Japan knows the problem is terribly restrictive and must sacrifice fiscal policy. Paying down on private debt with wonderful imaginative gifts while using Government spending to continue the money supply flows. A risk-off inversion is/was the only way to avoid deflation and the 30 year gap is now plugged with experience.
📌 CHF - "SNB have played skilfully" ...in order to protect the currency as best it can, the CB has been granted a chance for some more direct action at 0.870x. And in the meantime, with a WhiteHouse dependent on Fed resources and conducting desperate struggles for its own existence, dollar devaluation is opening the waterfall towards 0.780x if the pivot would fail.
📌 AUD - "Commodity shortages and supply restraint" ...the prognosis for the Aussie seems quite good (and for other commodity currencies NZD and CAD more broadly). The barricades from global government have managed to disrupt supply chains and in this game, because of the relationship the Australian currency has with commodities, a test of 0.80c is needed.
📌 NZD - "keep an eye on RBNZ" ...the dollar shorts across G10 are mobile but here I must say NZD is my least favourite of the commodity currencies. The blind spots to this come from RBNZ bringing debt:income measures generally back into play, which is not helpful for credit and will potentially unlock threats of negative rates once more.
📌 CAD - "the taxing neighbour" ...is leading to direct inflows into Canada. A Biden sweep in GA is grounding the manoeuvre for the outflows, the soundness of which will give us the chance to park capital for a few quarters at most. Losing 1.280x for the yearly close is sufficient that we are able to work out the waterfall towards 1.20xx. Stay short USD versus CAD into 2021.
📌 SEK - "Classical manoeuvring" ...a very good year for SEK after the initially softer start, it rallied aggressively alongside NOK. The main line in SEK at 8.2x is within touching distance.
📌 NOK - "more volatility to come" ...with a strong indication from models to buy both NOK and SEK. Commodity shortages (including Oil) can no longer be staved off. The successful penetration of 8.7x support will unlock a -12% waterfall for 2021.
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These materials do not constitute an offer or a solicitation of an offer to buy
or sell without the prior investment products or securities, including security-
based swaps. These materials are provided for information purposes only and
do not contain all of the information that is material to an investor.
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EURJPY - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Bullish closure above main sr level.
4 HOUR
Prices moving sideways, expecting another push towards the upside!
DAILY
Overall bullish market structure in consolidation..
-
FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 126.100
SL @ 125.840
TP @ 126.630
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURJPY 4hour Analysis December 13th, 2020EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking to continue long with the trend. Ideally we want to see structure form before entering long so we’re going to look for strong reversal signals near our 38.2% and 61.8% fib level. Target higher toward our 0% fib level and -27% if our monthly resistance at 126.500 is broken.
Trade scenario 2: If we are to enter on short opportunities we need to see a major break of support at 124.750 with a lower high below.
If jpy were to come Strong in the coming days...Likely would like to see it break out of the range lower if JPY came out stronger next week!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURJPY 4h analysis 🦐EURJPY on the 4h chart after the last impulse created a minor channel for the retracement.
The price is currently breaking above after touching the 0.382 fib level.
If the market will break and close above the structure we will set a nice long order according to Plancton' strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
EURJPY looking for a retracement 🦐EURJPY after the bull run until the 126.500 level hit the monthly resistance structure.
The price couldn't create new highs and will possibly look for a retracement move.
IF the market will break and close below the minor support we will set a nice short order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
EURJPY doulbe top pattern formed, more downside ! EURJPY doulbe top pattern formed, more downside !Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURJPY doulbe top pattern formed, more downside ! EURJPY doulbe top pattern formed, more downside !Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURJPY 4hour Analysis December 6th, 2020EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall this pair is extremely bullish and has not yet formed structure. Ideally we want to see a pullback to form structure at either the 38.2% or 61.8% fib level. If we see a strong reversal from either level look to enter long and target back toward our 0% fib level and potentially higher toward our negative fib levels.
Trade scenario 2: If price action is to go bearish we need to see a break of our major support level at 124.800 with a confirmed higher low below.