G'day, Previous analysis attached below back in June 7th. Enjoy.
Breakdown: 1. Note 2. Contents 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 Neutral, however, as outline below - will be buying until the OL, offers a highly probable zones where a confirmed sell break and a confirmed sell from the Original level. Starting the supply and demand imbalance. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move (positional trade). Also note, sentiment changes as does entry points, stop losses and profit taking points. This chart is not dynamic once submitted so keep this in mind.
Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Three, Four Day Orange = Daily
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Weekly JPY
Weekly has a great reversion pivot point at 15-154. Price has produced a strong engulfing pattern leaving the demand zone and heading towards the new double top, but producing a higher high on the weekly and daily respectively.
To note, price is still bullish, however the newly established fresh supplies have offered selling opportunities and also buying opportunities as these consolidative areas are creating huge swing ranges. Very tough conditions to trade especially where for a session you are up say 300pips, then overnight a rejected wick has formed cancelling out the move.
Daily
Price has created a fresh Daily supply within the weekly - all though unable to view this formation admittedly, the small Daily anchored move has been added.
A fresh daily supply has been created within the orange box while previously considered a range top - this is a situation where price return with a probability of the lower high wick formed. However to note, where price continues to break the TL - bearish CP (continuation pattern) will form. From here opportunities will highly probable to take price down towards the destination.
Monthly JPY for GBP has a long move ahead, however other pairs as outlined in previous analysis in respect of JPY Pairs, have outlined monthly zones are within arrival for these pairs. (review links below to track).
JPY Pairs NZD JPY - Monthly We are awaiting the OL Fresh level supply.
EUR JPY Similar setup as above.
Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves 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
トレード終了: 利益確定目標に到達
Target reached - counter positions taken! Congrats to those who took the shorts.