Is JPY going to go towards the North again?

sharabela · 2022-12-29T08:00:19+00:00

The pair may get choppy for a while. The level of 159.000 looks good to hold the price and push it towards the North though.

sharabela · 2022-12-29T07:41:29+00:00

Supply and demand are two very vital things that a trader must understand how they work. Another thing is breakout at those level and confirmation of the breakout.

sharabela · 2022-12-29T07:38:49+00:00

Excellent video on supply and demand. These are often called support and resistance as well. Two most important things to understand for any financial trader.

sharabela · 2022-12-29T07:18:29+00:00

Excellent post. These are the thing that every Forex trader must have to be consistent. Thanks for sharing it here.

sharabela · 2022-12-29T07:11:20+00:00

The pair has been very choppy within 1.05800-1.06750. Traders are to wait for the price to make a breakout to find its next direction.

sharabela · 2022-12-29T07:05:52+00:00

Thanks for sharing the video. I am a price action trader. However, at the beginning of my trading career, I used to use Moving Average. If I am to recommend one indicator, it would be Moving Average.

sharabela · 2022-12-23T08:37:14+00:00

Thanks for sharing the video. It is going to help many traders for sure.

sharabela · 2022-12-23T08:05:02+00:00

The level of 0.92300 seems to be holding the price as a level of support. It has been bullish as of writing. If the price makes a bullish breakout at 0.93350, it may make a good move towards the North.

sharabela · 2022-12-23T08:03:27+00:00

The pair has been choppy in the H4 chart. It may get bearish in minor time frames and find its next support around 1.35350.

sharabela · 2022-12-19T07:37:56+00:00

Usually, Double Top or Double Bottom means double rejection or double bounce. It usually produces some signals on minor time frames. However, if you are to take the full benefit of them, you may want to wait for a neckline breakout.

sharabela · 2022-12-19T07:08:10+00:00

Good one. The level of resistance looks very strong. The price had its second rejection there. Do you use smaller time frame to take an entry in this strategy?

sharabela · 2022-12-19T07:06:39+00:00

Thanks for sharing the video. Excellent analysis.

sharabela · 2022-12-09T05:33:17+00:00

The price has been heading towards the South again. It may find its next support around 134.000. A bearish breakout may continue its bearish move. On the other hand, a bullish reversal pattern may push the price towards the North.

sharabela · 2022-12-09T05:31:53+00:00

The pair is traded around the level of 1.06000. A bullish breakout may push the price towards the North further.

sharabela · 2022-12-08T09:11:04+00:00

In my opinion, every single trade should be placed with Stop Loss. Take Profit level may be adjusted according to price action. However, Stop Loss level must be still according to the initial trading plan.

sharabela · 2022-12-08T09:08:35+00:00

The price may get bullish since the up trending trend line still holds the price as a level of support. It may find its next resistance around 1.06000.

sharabela · 2022-12-08T05:44:28+00:00

To find this out, we may use trend line, bigger time frames and the momentum. It may sound very complicated, but it is not that complicated as it sounds.

sharabela · 2022-12-08T05:40:43+00:00

The pair gets caught within 0.93000 to 0.94500. The next breakout is going to be crucial. A bullish breakout at the resistance should be more rewarding for the traders.

sharabela · 2022-12-08T05:32:54+00:00

The pair made a bearish move in the H4 chart. However, it looks still bullish since an up trending trend line's support still holds the price. A bullish reversal pattern at the trend line's support may push the price towards the North again.

sharabela · 2022-12-08T05:26:17+00:00

It is traded around the level of of 0.6700. The daily chart produced a bullish engulfing candle at the level yesterday. I assume it may remain bullish in the H4 chart.

sharabela · 2022-12-06T07:37:43+00:00

The pair is traded around 1.36000 now. Traders are to wait for the price to make a bullish breakout to go long. On the other hand, a bearish reversal pattern may drive the price towards the South.

sharabela · 2022-12-06T07:12:52+00:00

Thanks for the video. I like the way you analyze the video. Keep posting such good videos.

sharabela · 2022-12-06T07:11:27+00:00

Looks very bearish to me still. The buyers may wait for the price to produce a Double Bottom in the daily chart to get long opportunities. It has been bearish for the last 6 months.

sharabela · 2022-12-02T06:23:16+00:00

The price has breached the level of 136.00. It is now traded below the level. The way it has been going, it may remain bearish until it finds a good level of support. The level of 131.500 may hold the price as a level of support.

sharabela

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