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Short-term recovery for a stronger downward correction⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) sees new selling pressure during Tuesday’s Asian session, dipping to over a one-week low near $2,725-2,724, though the downside appears limited. The uncertainty around the tight US presidential election and potential escalation of Middle East tensions could keep supporting this safe-haven asset. Additionally, the unwinding of "Trump trades" and expectations that the Federal Reserve may cut rates further due to a slowing US labor market have pushed US Treasury yields lower. This has prevented the US Dollar from extending its overnight recovery and may continue to limit any significant pullback in Gold prices. ⭐️Personal comments NOVA: The downward adjustment trend still maintains the H1 and H4 frames. If you want a stronger decrease - a short-term recovery in the downtrend in the price range 2747 - 2761 is more expected. Current selling volume is slowing down due to support zones blocking it ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2748 - $2750 SL $2753 scalping TP1: $2743 TP2: $2737 TP3: $2730 🔥SELL GOLD zone: $2762 - $2764 SL $2769 TP1: $2750 TP2: $2730 TP3: $2717 🔥BUY GOLD zone: $2716 - $2714 SL $2709 TP1: $2725 TP2: $2732 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
4
Adjustment - gold price drops! Waiting for the new US president⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) remains positive on Monday as US election risks and Middle East tensions continue to support the safe-haven asset. However, stronger demand for the Greenback and rising US bond yields could limit Gold’s gains, as higher yields make non-yielding assets like Gold less appealing. Investors are focused on Tuesday's US presidential election, with the market’s attention shifting to the Federal Reserve’s rate decision on Thursday. Given the election uncertainty, it’s anticipated that the Fed will opt for a standard 25 basis point rate cut, rather than a larger half-point easing. ⭐️Personal comments NOVA: Gold price officially decreased - legalized adjustment with the US presidential election. The US economy will have a new breeze - boosting the economy and other investment areas. Gold will wait for the next interest rate information ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2757 - $2759 SL $2762 scalping TP1: $2750 TP2: $2740 TP3: $2730 🔥SELL GOLD zone: $2771 - $2773 SL $2778 TP1: $2765 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2732 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1
XAU / USD ! 11/4! Downtrend - correction continuesXAU / USD trend forecast November 4, 2024 Gold price (XAU/USD) sees modest gains around $2,740 during early Asian trading on Monday, breaking a two-day losing streak. Safe-haven demand for gold may rise due to uncertainties surrounding the US presidential election and Middle East tensions. The upcoming US presidential election on Tuesday is a key focus this week. Analysts at JPMorgan suggest that any decline in gold prices, regardless of the election results, could be a buying opportunity. Gold price continues downtrend H1 - waiting for the US presidential election move and the decision to lower interest rates or not in November 2024 /// SELL XAU : zone 2747-2750 SL: 2755 TP: 50 - 120 - 200 pips (2730) /// BUY XAU : zone 2717-2714 SL: 2709 TP: 50 - 120 - 200 pips (2734) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
3
EUR/CAD Approaches Key Resistance Level on the Daily ChartEUR/CAD is currently trading near its highest resistance level since 2021, around 1.5200. This price zone has been tested multiple times in recent months, indicating strong resistance that the market has struggled to overcome. The repeated testing without a definitive breakout suggests that selling pressure may be building, which could lead to a reversal if the support below is breached. Key Resistance at 1.5200: This resistance level has been challenged several times, establishing it as an important psychological barrier in the market. The ongoing difficulty in breaking through this area supports the notion that a retracement could occur in the coming weeks. Support at 1.5075 (Potential Trigger Level): The 1.5075 level is identified as a significant support point in the short term. If the price drops below this level, it could generate considerable selling pressure, indicating that the pair has lost critical support and triggering potential short positions. Potential Selling Opportunities: Given the recent behavior of testing resistance and the absence of a sustained breakout to the upside, the current market structure suggests a possible sell-off. The trading plan may include: Short Entry: A short position could be considered if the price breaks below 1.5075, confirming the loss of support and signaling a potential reversal. Upon this breach, EUR/CAD could decline towards the 1.4900 level, where another crucial support area exists on the daily chart. Alternative Scenario: Conversely, EUR/CAD remains in an uptrend (as indicated by the black trendline on the chart), suggesting that a breakout above the 1.5200 resistance might still occur. If this level is surpassed and the price maintains above it, EUR/CAD may transition into a new price range. In this scenario, the current resistance might turn into support, with the potential for EUR/CAD to rise towards the 1.5350 region in the coming days, where additional resistance can be anticipated on the daily chart. Caution Against Fake Breakouts: Levels of resistance in EUR/CAD present ideal scenarios for fake breakouts that can lead many traders to incur losses. A fake breakout occurs when the price temporarily breaks above or below a relevant level, only to reverse quickly, misleading traders. These often manifest as candles with large wicks or tails. Therefore, it is crucial to seek confirmation before entering a trade to mitigate the risk of getting caught in such false movements. Monitoring Key Levels In summary, as EUR/CAD approaches significant resistance at 1.5200, traders should carefully monitor both resistance and support levels. A prudent approach will involve waiting for confirmation of price movements before entering positions, particularly in the context of potential fake breakouts. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
by Marketscom
GBP/ USD ! 11/4! Resistance H1 SELL NOW ! not NEWS GBP/USD trend forecast November 4, 2024 The GBP/USD pair rises to around 1.2970 during Monday’s Asian session, aided by a weaker US Dollar (USD). The USD faces pressure after October's soft US Nonfarm Payrolls (NFP) data, supporting the pair's gains. Following a 50 bps rate cut in September that initiated the easing cycle, the US Federal Reserve (Fed) is expected to lower rates by 25 bps in its November meeting, with markets assigning a 97% probability to this move. The Dollar weakens as traders prepare for the US presidential election and the Fed’s rate decision this week. There was no USD and GBP news data at the beginning of the week, the price recovered and hit the H1 resistance, along with the 2nd GAP. DOWN to fill liquidity, stabilize the price trend during the week. /// SELL GBP/USD : zone 1.29970 - 1.30200 SL: 1.30500 TP: 60 - 120 - 200 pips (1.28200) Safe and profitable trading
Short
by Moon-ForexAcademy
6
Examining Support at $68,500 and Resistance at $70,600🔹 Market Overview: Bitcoin has managed to hold the significant support level at $68,500 after a recent struggle, closing the daily candle above this level. This stabilization creates an opportunity for the price to move towards the $70,600 resistance. 🚩 Key Levels: Fair Value Gap (FVG) at $70,600: This area, aligned with the 50% Fibonacci retracement of the previous wave, serves as a strong resistance for Bitcoin. Upon reaching this level, there’s a high chance of a bearish reaction and price rejection. Order Block at $71,200: Another resistance at $71,200, overlapping with the 61.8% Fibonacci level, acts as an additional resistance zone that could potentially trigger a trend reversal. 📉 Potential Trend Reversal: If the price encounters these areas (FVG or OB), there’s a high probability of a weekly correction initiating from these points. 📈 Inverse Head and Shoulders Pattern: An inverse head and shoulders pattern is currently forming. If the neckline is broken, it could open a short-term buying opportunity. 🔔 Conclusion: Breaking through these key resistance levels may indicate further bullish movement; otherwise, a pullback to support and a corrective phase might follow.
Short
by arzdigitalistha
1
Fantom (FTMUSDT) Short Signal on 4-Hour Timeframe💡 Technical analysis shows that after completing a 5-wave Elliott pattern, Fantom has entered a corrective phase, forming an ABC correction. Additionally, a Head and Shoulders pattern is in progress, with a potential neckline break signaling an ideal short entry. 🎯 Price Targets: Target 1: $0.53 Target 2: $0.44 Target 3: $0.32 ⏳ Correction Timeframe: Late December 2024 to early January 2025 This time window provides promising shorting opportunities for Fantom. The specified targets can also be considered for re-entry into long positions, as a new bullish wave may begin after the correction completes. ⚠️ Stop Loss: Set a stop loss slightly above the neckline to protect capital.
Short
by arzdigitalistha
NF - the market becomes negative! XAU decrease⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) regain some ground on Friday, supported by uncertainty around the US presidential election and ongoing Middle East tensions, both of which increase demand for safe-haven assets. However, rising US Treasury yields and a stronger US Dollar (USD) could weigh on Gold. Traders are awaiting Friday’s October employment data, including Nonfarm Payrolls (NFP), Unemployment Rate, and Average Hourly Earnings, for further direction. Strong results could reduce expectations for a softer policy approach by the Federal Reserve (Fed), potentially adding pressure on the non-yielding yellow metal. ⭐️Personal comments NOVA: After yesterday's unemployment data - good for the dollar - gold fell sharply. This could be a sign of a major correction as important NF data is released today ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2762 - $2764 SL $2767 scalping TP1: $2755 TP2: $2748 TP3: $2740 🔥SELL GOLD zone: $2788 - $2790 SL $2795 TP1: $2780 TP2: $2770 TP3: $2760 🔥BUY GOLD zone: $2712 - $2710 SL $2705 TP1: $2720 TP2: $2730 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
10
Bitcoin Short Signal | 4-Hour Timeframe🟣 Entry Point: Bitcoin recently lost the key support level at $68,800 with a strong bearish candle, signaling sellers’ intent to push the price further down. This break opens an opportunity for a short position. 🟢 Technical Analysis: The $65,000 level stands as an important dynamic support. This level aligns with a trendline connecting two major lows at $49,000 and $52,500. If the price reaches this zone, buyers may temporarily halt the decline. However, if $65,000 breaks with strong selling pressure, Bitcoin may likely target lower levels, indicating a further weakening in the market structure. 🔴 Key Levels: Entry: After breaking and consolidating below $68,800 First Target: $65,000, as a dynamic support level Second Target: If $65,000 breaks, there is potential for a move toward lower support levels
Short
by arzdigitalistha
GBP/NZD Hits Highest Level Since 2016: Is a Move Down Ahead?The GBP/NZD is currently testing its highest price in recent years, nearing the significant resistance level of 2.1900. This area has served as a notable barrier since 2016 and often sees increased selling interest. The price action in this zone, combined with the emergence of a harmonic pattern, suggests a potential reversal or correction. Furthermore, recent price movements, particularly the candles from October 30 and 31 breaking below the low of October 29, indicate rising bearish momentum, reinforcing the possibility of selling pressure in the near term. Bat Harmonic Pattern Structure A Bat harmonic pattern is developing in the GBP/NZD chart, providing additional reversal signals near historical resistance: Point X: The starting point of the move, at a previous significant high. Point A: The bottom of the initial correction. Point B: The price retracement to the 38.2% level of the XA extension. Point C: The second correction reaching 88.2% of the AB move. Point D (Potential Reversal Zone): Near 2.1847, aligning with the 88.6% level of the XA extension and the resistance at 2.1900, indicating an optimal area for potential sell opportunities. The Bat pattern suggests a crucial resistance level where buyers might struggle, especially considering the proximity to historical highs. Price Action Analysis and Sell Signals Recent price action further highlights selling interest: Selling Pressure at Highs: The October 30 and 31 candles broke below the October 29 low, signalling possible exhaustion of the bullish trend and indicating increased seller interest. This behaviour raises warning signals for a potential short-to-medium-term reversal. Potential Move Down Ahead Given the convergence of the harmonic pattern and historical resistance, a short strategy is advisable between 2.1800 and 2.1900. Here are critical points to consider for GBP/NZD: Potential Sell Zone : The resistance between 2.1800 and 2.1900 represents a prime short zone, combining the D point of the Bat with historical resistance. Primary Target : The support around 2.1400 corresponds to the B region of the Bat formation, typically the first target when trading harmonic patterns. Secondary Target : Should a breakout continue, the next significant support is near 2.1000, coinciding with the C level of the Bat formation. Traders should remain cautious of any breaks above 2.1900, as this could indicate a breakout above a crucial resistance level on the daily chart. Conclusion The GBP/NZD pair is in a complex technical setup, presenting potential opportunities for short positions due to the confluence of the Bat harmonic pattern and the historical resistance at 2.1900. With signs of selling pressure evident in the recent price action, especially following the candles on October 30 and 31, traders should closely monitor this region as it may signal the onset of a correction. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
XAU! 11/1 ! Gold price adjustment - NF newsXAU / USD trend forecast November1, 2024 Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold. Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720 /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
NQ is losing momentun and going redHello traders, As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296. From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade. If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760. Good luck everyone and Happy trading!
FXOPEN:NDQMShort
by YMtradingsystem
EUR/ GBP ! 10/31 ! resistance SELL NOW EUR/ GBP trend forecast October 31, 2024 EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP. H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease. /// SELL EUR/GBP : zone 1.83780 - 1.83980 SL: 1.84250 TP: 60 - 120 - 200 pips (1.81980) Safe and profitable trading
Short
by Moon-ForexAcademy
1
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024 The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation. Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down. /// SELL USDCAD : zone 1.39300 - 1.39500 SL: 1.39800 TP: 60 - 100 - 250 pips (1.37000) Safe and profitable trading
Short
by Moon-ForexAcademy
2
$IONQ : 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! NYSE:IONQ 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! 5 REASONS WHY: 1⃣ We have a flag pole pattern. The last flag pole pattern in 2023 had the same 937 bar run before it pulled back. 2⃣ Had a Multi-year Symmetrical breakout but needed to retest the breakout area. 3⃣ RSI is running into resistance 4⃣ Stochastic (Trend) is at all-time highs 5⃣ William R is hitting resistance where the stock has bounced off 4 other times. I like the name and want to HOP on this move higher, but I'm not going to jump on a flag pole without a parachute. I'm targeting PULLBACK and an entry price of $13-$14. Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 Will the Flag Pole get bigger, or do you agree we are due for a pullback? What other stocks do you want to see an analysis of? Not financial advice.
NYSE:IONQShort
by RonnieV29
🏃‍♀️🏃🏽‍♀️ Crypto market. “Sell in May and Go away”The historical pattern known as the seasonal divergence "Sell in May, and Go away" was popularized by the Stock Trader's Almanac, which stated that investing in stocks represented by the Dow Jones Industrial Average November through April and switching to fixed income for the remaining six months "would have delivered reliable returns with reduced risk since 1950." What is “Sell in May and Go away”? “Sell in May and Go away” is a well-known adage in finance. It is based on the stock's historical underperformance over a six-month period from May to October. According to Fidelity Investments, the divergence has remained most pronounced in recent years, with the S&P 500 Index (SPX) gaining an average of about 2% from May to October between 1990 and the next 30 years, compared with an average of about 7% since November to April. The Halloween Indicator's research paper, 'Sell in May and Go Away': Everywhere and All the Time*, which examined stock markets outside the US, found the same pattern, calling the seasonal divergence trend "remarkably persistent." Key Findings 👉 “Sell in May and Go away” is a saying that refers to the historically weaker performance of financial markets from May to October compared to the other half of the year. 👉 Investors can try to benefit from this pattern by switching to less risky assets from May to October based on historical data. Seasonality in investment flows could continue as a result of financial industry and business year-end bonuses, possibly aided by the mid-April U.S. income tax filing deadline. Whatever the fundamental considerations, the historical picture became more pronounced as a result of the October stock market crashes of 1987 and 2008. Bottom Line The only drawback of historical patterns is that they do not reliably predict the future. This is especially true for well-known historical patterns. If enough people became convinced that the “Sell in May and Go Away” pattern would continue, it would essentially begin to disappear immediately. All the early sellers would try to sell in April and bid against each other to buy back the assets before the others in October. At the same time, certain considerations regarding the development of geopolitical events in the period from May to October 2024 give reason to think about the prospects of such a scenario for the next 6 months. * The Halloween Indicator, 'Sell in May and Go Away': Everywhere and All the Time Ben Jacobsen Tilburg University - TIAS School for Business and Society; Massey University Cherry Yi Zhang Nottingham University Business School China; Massey University - School of Economics and Finance
BITSTAMP:ETHUSD
by Pandorra
4
The 30mn time frame is offering potential winning trades BTCHello traders, Since BTC reached the 71580 level which was a weekly major level, price started consolidating and being rejected showing a high probability of a pullback towards the 1H 70927 level. If this is the case and price breaks the 70927, wait for a retest and then go short toward the next 1H level of 70297 and then do the same thing if price breaks it downward. The other senario is that if price bounces back from 70927 and can't break it, we might see a rejection from area toward the weekly level 71580. If price breaks that level, wait for a pullback and then go long and look for the next weekly level 73907. Good luck
by YMtradingsystem
XAU ! 10/28 ! sideway move in trendlineXAU / USD trend forecast October 28, 2024 Gold price (XAU/USD) starts the new week with a slight bearish gap, unable to sustain Friday’s gains near $2,750. Persistent USD strength, supported by rising US Treasury yields and expectations of smaller Fed rate cuts, puts pressure on the metal. A positive risk sentiment also adds to the downward pull. However, safe-haven demand from Middle East tensions and US election uncertainty limits further downside for gold. Traders may remain cautious and hold off on strong bearish positions ahead of key US data this week, including Q3 GDP, the PCE Price Index, and the Nonfarm Payrolls report. On Monday, gold price moved sideways within 2 trendlines, waiting for NF news fluctuations this week. /// SELL XAU : zone 2743-2746 SL: 2751 TP: 50 - 200 - 300 pips (2716) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
5
USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024 The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY. At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today. /// SELL USDJPY : zone 153.250 - 153.550 SL: 153.850 TP: 60 - 100 - 250 pips (151.050) Safe and profitable trading
Short
by Moon-ForexAcademy
2
Continue short-term correction 2709 ! XAU⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset. However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices. ⭐️Personal comments NOVA: H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2750 - $2752 SL $2758 TP1: $2740 TP2: $2730 TP3: $2720 🔥BUY GOLD zone: $2709 - $2711 SL $2704 TP1: $2718 TP2: $2730 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
3
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024 The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY. A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday. H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down /// SELL USDJPY : zone 151.850 - 152.050 SL: 152.500 TP: 50 - 100 - 250 pips (149.550) Safe and profitable trading
Short
by Moon-ForexAcademy
2