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Usdjpy-bullish

XAUUSD LONG TO $2300 (ALTERNATIVE SCENARIO)As many of you who follow me, know by now I am short on Gold down to 1570 long term as my main bias. I have even uploaded the analysis on my page which you can go back on see. However, this here is an alternative analysis and has a likely chance of coming into play. After last years strong bullish momentum, Gold has spent most of this year within a correction phase which now seems to be complete according to the Elliot Wave Theory. Gold is now in it's final stages before making its next big move. I am expecting one more micro push down on Gold towards the 1745-1735 price, before we see Gold start pushing back up again. Don't forget, this is an ALTERNATIVE to my Gold short analysis. I am still holding both my long (1742) and short (1870) positions hedged against each other, in accordance to all the previous analysis I have uploaded on my page (feel free to go check them out). I will be catching this move on behalf of myself & my Account Management investors within my private fund. Drop a like and follow if you would like to see more analysis uploaded.
SAXO:XAUUSDLong
by BA_Investments
2
USD/JPY Finally Broke the RangeGood morning, traders! Today we will analyze USD / JPY in three timeframes to show you our bullish vision in depth. We are going to carry out an analysis from highest to lowest. We will start with the highest timeframe (Weekly), and we will go down to 8H. Weekly Chart: 🔸Here we can see how the price managed to penetrate the Descending Trendline that was in force for more than six years. After the break, it consolidated in the area for a few weeks, and now we see clear intentions for a bullish move. We go to the daily chart to see this behavior in more detail. Daily Chart: 🔸We can trace not only the throwback to the Descending Trendline, but it also coincides with the bullish channel. This double confirmation gives greater security to the setup. 🔸These two timeframes provide valuable information about the price context, but we need more precise information to take a trade. That is why the main timeframe is 8H (published in the idea). 🔸In this timeframe, we see clearly within the bullish channel. After correcting for a few weeks and staying in a kind of range, the price yesterday was able to break the corrective structure with a bullish force. We consider that there is bullish potential towards the next Resistance zone (previous high).
Long
by ThinkingAntsOk
2
EW Analysis: USDJPY Remains Bullish Towards 2020 HighsHello traders! Today we want to update USDJPY chart, which is moving nicely bullish as we expected at the beginning of 2021 and seems like there's room for more gains towards 2020 highs as we see an unfinished five-wave cycle. As you can see, USDJPY is in an impulsive move up, breaking even above base channel resistance line which suggests wave (3) of a five-wave cycle. So, more upside is in view towards projected Fibonacci 110.80 and 112 target levels, but probably once a current consolidation, ideally a correction in wave 4 fully unfolds. Wave 4 can be either a triangle or a flag pattern that can retest the base channel resistance line as a support before the uptrend resumes. We remain bullish as long as the price is trading above 106.20 invalidation level. Trade well and all the best! If you like what we do, then please like and share the idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
USDJPY Update: Is It Turning Bullish Now?!Hello traders and investors! USDJPY is nicely recovering after we noticed a completed ending diagonal and bottom formation at 102.60 lows. The price action looks strong and impulsive now, so seems like it's unfolding five waves up from the lows that can send the it even up to 106 - 107 area, just be aware of short-term wave 4 corrections, a lower degree and higher degree. What we want to say is that as long as strong trendline connected from the lows and 104.00 level hold, we can expect more upside within a five-wave cycle. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
2
USD/JPY On a Critical ZoneGood morning traders, today we bring you our long-term analysis on the USD/JPY pair, as we consider that it is at a decisive point. 🔸The price is against a Resistance Zone where every time it is faced it has found some kind of reaction. 🔸At this moment, it is slightly above, so we could consider that it is entering the buying zone. 🔸If this move is confirmed, we could see strong bullish momentum over the next few months. 🔸The target of this movement is the long-term Descending Trendline, since it is before the nearest supply zone. 🔸And, finally, in case the price fails to confirm the rise and heads in a bearish direction, the target is the Ascending Trendline.
by ThinkingAntsOk