FOREX.TODAY

Tag: Divergence

USDJPY Trade Setup (Jan 28)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-28_13-30-07-UJ3
USDJPY has been stuck at 21EMA & Role Reversal Resistance level on Daily Chart.  Stochastic is over 75%, though it has't crossed yet.   An interesting thing is, I see Bearish Divergence on H4 chart.  Thus I cannot help considering to short this pair. (One concern is ... the reason for this Divergence may simply…
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GBPJPY Trade Setup (Jan 14)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-14_17-15-54GJ3
I shorted GBPJPY from 21EMA on H4 yesterday. It was a good spot trade. If you are trend traders, you should continue to short from 21EMA (Daily, H4, H1 charts). However, let's zoom out, and see the bigger picture to see where we are. The above is the weekly chart.  Obviously something is going on…
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GBPAUD Swing Trade Setup Cont. (Jan 12)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-12_21-48-26-GA5
I kept posting about GBPAUD Short trade for sometime.  But we didn't see a big change until today. Finally the price dropped dramatically, and I think there should be another opportunity to enter this short trade, if you didn't short it. The basic idea of this Short trade was..  On Daily chart, trying to short…
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GBPAUD Swing Trade Cont. (Jan 11)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-11_15-58-46-GA1
I posted GBPAUD Swing Trade setup last week.   However, the expected down move has not started yet. Since the base is Daily chart, we may have to wait some more, until we can enjoy the down move. Here is the basic setup on Daily chart. Basically I am expecting the price will fall from…
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AUDJPY Trade Setup (Jan 8)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-08_12-56-25-AJ3
Dear Carry Traders, AUD was a dropping knife yesterday.  So I didn't even think about buying AUD. However, AUDJPY has dropped down to an interesting area.  Thus I thought it may be worth mentioning about my possible Long Trade. AUDJPY pair dropped 500 pips dramatically from the up channel, and currently the price is at…
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EURAUD Trade Setup (Nov 26)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-26_15-36-07-EA2
May I suggest non-Yen pairs?  :) I am also a big fan of AUD, as this is another Asian currency. Another interesting thing about this pair (as well as GBPAUD) is... when it moves, it moves a lot!   Now looking at H4, this price has been dropping fast, riding 21EMA. So let's go aggressively.…
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GBPJPY Trade Setup (Nov 13)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-13_15-36-00-GJ1
Dear Traders, The Beast didn't go down yesterday as much as I had expected. However, the Bearish Divergence on the Daily chart still remains as seen below. The price made a Double Top, but the Stochastic continued to go down. It would have been ideal to short from yesterday (from Double top). (I did short…
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GBPJPY Trade Setup (Nov 12)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-12_14-52-00-GJ1
My long term bias for GBPJPY is bull. However, I am a big fan of Divergence. I noticed there is a Bearish Divergence on Daily chart, and I don't think I can ignore this. The price is at the resistance (187.40) now.   The daily stochastic shows the clear bearish divergence.   Thus I feel…
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NZDJPY Trade Setup (Nov 9)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-09_14-02-32NZDJPY2
Dear Carry Traders, Last week I suggested to hold on to buy this pair until Daily Stochastic goes down low, simply because I saw Divergence on Stochastic. Now Stochastic is down to 25%, and waiting to cross up, while the price seems to have bounced up at MPP (and Role Reversal Support Area). I think…
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NZDJPY Trade Plan (Nov 5)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-05_16-06-32-NZDJPY2
Dear Carry Traders, I have posted recently that you should wait to buy this pair for a while.  The main reason for this was the Bearish Divergence on the Daily Stochastic. As you can see (above), the price dropped for the last 2 days, and the Stochastic came down to 25% level, but not crossing…
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NZDJPY Trade Setup (Nov 3)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-03_14-15-05-NZDJPY
NZDJPY didn't drop, even though I see Bearish Divergence on Daily Stochastic.  So my concern was in vein. Thus, simply look for the next opportunity to buy this pair. BUY ZONE 1 (81.30): Current price level.  This is also WPP. BUY ZONE 2 (80.90 - 81.00): WM2 & Role Reversal Support BUY ZONE 3 (81.85…
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AUDJPY Carry Trade Info (Nov 2)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-02_15-06-28-NZDJPY2
Dear Carry Traders, NZDJPY pair started the week with a big gap down, and currently the price just filled up the gap. Last week, I suggested to hold to buy this pair for Carry trades based on Daily chart. The price has been rejected at 83.00 for a long time, and I see Stochastic Divergence.…
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NZDJPY Trading Info (Oct 30)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-30_14-23-37-NZDJPY2
Dear NZDJPY carry traders, Here is one extra tip for you. NZDJPY remains one of the Bullish currency pair, as seen on Ichimoku Daily chart.   However, I see a Bearish Divergence on the Daily Stochastic as seen below. This is a big concern for Carry traders.  Simply it may be better to hold on buying…
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AUDJPY Trade Setup (Oct 30)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-30_13-51-49-AJ1
I have posted NZDJPY carry trade setups several times. Let's try AUDJPY today. On H4 chart, I see Bullish Divergence on Stochastic.  Thus I think it is safe to continue looking for Buy opportunities.    Stochastic has a lot of rooms left to go up, which is another plus.   As usual, let's take a…
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GBPJPY Trade Setup (Oct 29)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-29_15-43-57-GJ3
I told you many times that I am a big fan of Divergence. So far, I have introduced you many example of Bearish Divergence. It is my great pleasure to introduce Bullish Divergence. Only the issue is ... this is on the Daily chart.  So the price may go up today, tomorrow or even next…
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EURJPY Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-26_20-45-16eurjpy
This chart was a little bid more volatile with clearer swings but moved also much sideways. A divergence on the stochatik can be spotted at the low of the day. If you like you can trade it as long as you are aware that you go against the 200ma. This would have been the best…
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GBPJPY Trade Setup (Oct 26)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-26_9-32-54-GJ
Dear the Beast Lovers - I am sure you are looking for another Long opportunities. Typically, I would suggest to buy from 21EMA or even from 55EMA, or Fibonacci 38.2-61.8%, or from WPP. However, as you can see below (H4 chart), I see a small Bearish Divergence on Stochastic. Thus I am expecting to see…
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