USDJPY- Buy signal on the Demand Zone
Technical Analysis:
-From the Weekly to the daily, it shows a strong bullish trend .
-Price has been trading in the ascending channel since 27th April.
-We should look for a long entry on the retracement of the supply zone.
-According to the algorithm, it forecasts that price could shoot up to 1.18% in the next 20 days.
-This is a good indication to enter long for this position.
Fundamental Analysis:
- On Friday, There is going to be a big impact news regarding the USD at 1:30.
- The news release is on the Non-farm Payroll and Unemployment Rate.
-I would avoid trading around this time.
Sentiment Analysis:
- According to market sentiment, 71% of retail traders are short on this pair.
- Normally I would go against the retail traders as 90% of them lose their capital.
- Asset managers/ industrials are all placing long positions for this pair.
Lets see how this trade plans out!
Make sure to Follow, like and comment your ideas for this pair!
-From the Weekly to the daily, it shows a strong bullish trend .
-Price has been trading in the ascending channel since 27th April.
-We should look for a long entry on the retracement of the supply zone.
-According to the algorithm, it forecasts that price could shoot up to 1.18% in the next 20 days.
-This is a good indication to enter long for this position.
Fundamental Analysis:
- On Friday, There is going to be a big impact news regarding the USD at 1:30.
- The news release is on the Non-farm Payroll and Unemployment Rate.
-I would avoid trading around this time.
Sentiment Analysis:
- According to market sentiment, 71% of retail traders are short on this pair.
- Normally I would go against the retail traders as 90% of them lose their capital.
- Asset managers/ industrials are all placing long positions for this pair.
Lets see how this trade plans out!
Make sure to Follow, like and comment your ideas for this pair!
Trading ditutup: stop tercapai
This trade was going in my favour until NFP and Unemployment news came out and as you can see it stoped me out completely. This is a learning curve and what I take from this is when NFP comes out next time, all my open trades needs should be closed.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.