USD JPY - Quick take series 4
G'day Traders and Analysts,
Breakdown:
1. Note
2. Contents/Warnings
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. USD JPY is an investment, so here is the technical and logical analysis behind the long term investment.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Currently on a correctional play, but overall still long.
Master Key for zones
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Quick analysis,
The Monthly Imbalances are set:
Add positions upon the following, clear directional sell hedges
Confirmation upon the daily
Higher timeframes provide a clearer image.
Look for a three box setup, whereby draw your imbalance, a upper and lower confidence correctional move and set alerts, limits.
Box 1 being imbalance
Box 2 being correctional pullback to retest an imbalance.
Box 3 Target profit at an imbalance
Price has now established a monthly imbalance candle at "0" Swing high. Look to this zone now for a correctional retest as imbalances upon a fresh touch retest in accordance to probability and the structure of the market.
Not advised:
For scalping purposes - If the desired trader finds a breakout pattern or clear reversal then - follow your strategy.
Monthly zones
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of 100.00 to be a structural level for the USD.
The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones around 100-102.
Second to this, the monthly test occurring back in January 2021 created a higher low, informing that the buyers have taken over the monthly imbalance and have created a weekly imbalance zone where price will use as a discounted zone.
Since the previous analysis update - price has now reached the monthly zone between 109.6 - 111.8X which has is show below.
The next strong zone identified on the weekly, monthly and daily as per below shows 113-112.5 lows as a strong long confirmation upon the imbalance.
Bi-monthly
Here is the two week chart which also shows the same scenario taking place, where a strong pivot point is now providing a test of a supply pivot to overall refuel the buyers. To those who are patient, daily confirmations will indicate a scaling in positional play.
113.27 shows an imbalance candle which is due a retest should price look for a "bearish correction" using the SPX as a reference point.
Upon selling confirmations for short term sellers - use the daily close and monitor the three box combination before entering.
Weekly zone
Upon the weekly chart price has created a long opportunity which extended out of the previous weekly imbalance and has created a new zone.
Price had corrected upon an engulfing breakout candle after a consolidation wave which adopted the next move.
Upon the breakout of this zone, price now walks up to the monthly imbalance and once the zone is breached, price is expected to retrace to build on the order block as a reversion pivot .
Using the Fibonacci sequence and combination of the price pivoted back to the -0.27% and currently poised between the -0.618% which both align. So from this rejection, using probability the imbalance has now formed a strong block.
Daily confirmations for longs
Here is the daily logical trendlines which show where price can break in the short term - before the next swing is prominent.
Crossover between the SPX500 & USD JPY
Something of interest, showing a stronger USD in conjunction with the SPX - again this correlated but not causative.
Denote the lows of the SPX has followed wit USD JPY higher lows.
With Targets for USD JPY - the
Do you enjoy the setups?
*Professional analyst with 5+ years experience in the capital markets
*Focus on technical output not fundamentals
*Position and swing trades
*Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
Breakdown:
1. Note
2. Contents/Warnings
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. USD JPY is an investment, so here is the technical and logical analysis behind the long term investment.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Currently on a correctional play, but overall still long.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet [Red] - Four day
- Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Quick analysis,
The Monthly Imbalances are set:
Add positions upon the following, clear directional sell hedges
Confirmation upon the daily
Higher timeframes provide a clearer image.
Look for a three box setup, whereby draw your imbalance, a upper and lower confidence correctional move and set alerts, limits.
Box 1 being imbalance
Box 2 being correctional pullback to retest an imbalance.
Box 3 Target profit at an imbalance
Price has now established a monthly imbalance candle at "0" Swing high. Look to this zone now for a correctional retest as imbalances upon a fresh touch retest in accordance to probability and the structure of the market.
Not advised:
For scalping purposes - If the desired trader finds a breakout pattern or clear reversal then - follow your strategy.
Monthly zones
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of 100.00 to be a structural level for the USD.
The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones around 100-102.
Second to this, the monthly test occurring back in January 2021 created a higher low, informing that the buyers have taken over the monthly imbalance and have created a weekly imbalance zone where price will use as a discounted zone.
Since the previous analysis update - price has now reached the monthly zone between 109.6 - 111.8X which has is show below.
The next strong zone identified on the weekly, monthly and daily as per below shows 113-112.5 lows as a strong long confirmation upon the imbalance.
Bi-monthly
Here is the two week chart which also shows the same scenario taking place, where a strong pivot point is now providing a test of a supply pivot to overall refuel the buyers. To those who are patient, daily confirmations will indicate a scaling in positional play.
113.27 shows an imbalance candle which is due a retest should price look for a "bearish correction" using the SPX as a reference point.
Upon selling confirmations for short term sellers - use the daily close and monitor the three box combination before entering.
Weekly zone
Upon the weekly chart price has created a long opportunity which extended out of the previous weekly imbalance and has created a new zone.
Price had corrected upon an engulfing breakout candle after a consolidation wave which adopted the next move.
Upon the breakout of this zone, price now walks up to the monthly imbalance and once the zone is breached, price is expected to retrace to build on the order block as a reversion pivot .
Using the Fibonacci sequence and combination of the price pivoted back to the -0.27% and currently poised between the -0.618% which both align. So from this rejection, using probability the imbalance has now formed a strong block.
Daily confirmations for longs
Here is the daily logical trendlines which show where price can break in the short term - before the next swing is prominent.
Crossover between the SPX500 & USD JPY
Something of interest, showing a stronger USD in conjunction with the SPX - again this correlated but not causative.
Denote the lows of the SPX has followed wit USD JPY higher lows.
With Targets for USD JPY - the
Do you enjoy the setups?
*Professional analyst with 5+ years experience in the capital markets
*Focus on technical output not fundamentals
*Position and swing trades
*Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
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