FOREX.TODAY

Tag: Ichimoku

AUDJPY Trade Setup Cont (Dec 24)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-24_14-44-52-AJ5
Dear Traders, I hope you had a chance to add one more Long position with AUDJPY pair. The price DID bounced up from Fib 50%.  One concern is ... it didn't make Higher High.  So the up trend is over? The above is Daily Ichimoku chart.   The candles seem to be supported by the…
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GBPJPY Trade Setup (Dec 23)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-23_19-10-34-GJ2
OK, Maryna, you were right.  Let's dump the Beast!!  ;)   This pair is already dropped from Daily & Weekly Cloud.   No reason to be Bull for a while. Let's sell this pair. The current level seems to be very interesting.  Stochastic is already in the down cycle, and the price seems to be…
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EURJPY Trade Setup (Dec 22)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-22_16-01-42-EJ3
I have Bear with EURJPY. Thus I have been shorting EURJPY from 133.45 based on Daily chart. (Short from MM4 + Role Reversal Resistance.  Also Blocked by Daily Ichimoku Cloud)   On Daily Ichimoku, the candle came up a bit, and approaching to Tenkan Line (Red line).  I am assuming either Tenkan Line or the…
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AUDJPY Trade Setup Cont. (Dec 22)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-22_15-37-10-AJ2
I posted AUDJPY Long setup yeseterday. The price went up nicely.  Thus let's look for the next buy zone. The basic idea behind this trade is Daily Ichimoku Cloud is supporting the price There is a up-channel on Daily chart, and currently at the bottom of the channel.       Stochastic also looks good.…
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The Beast still hanging on. Cont (Dec 21)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-21_14-29-17-GJ9
I posted about GBPJPY last Friday. Basically I was telling this pair is at the key Support level, and the price may be in danger to drop from Weekly Ichimoku. The price continued to fall, and the candle is under the Weekly Cloud !! But wait, it is still hanging on at the cliff. Here…
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AUDJPY Trade Setup Cont. (Dec 21)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-21_14-05-05-AJ4
I posted AUDJPY Long Trade setup last Friday. The price continued to drop from my focus zone, but I think this setup is still valid. The basic idea behind this setup was a) Daily Ichimoku Cloud will support the price b) At the bottom of up-channel on Daily (regular) chart c) On H4, the price…
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The Beast standing on a cliff ! (Dec 18)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-18_17-05-09-GJ1
GBPJPY on Daily Ichimoku has been under the Cloud. However because it was sill "inside" the weekly Cloud, I was a Bull on this pair. But now, the candle seems to be a bit below the cloud. (see below) If the candle drops from this cloud... that would be a big deal - Bearish on…
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AUDJPY Trade Setup (Dec 18)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-18_16-34-05-AJ2
Daily Ichimoku chart of AUDJPY is very interesting.  So I have to share my trade plan.   The 2 candles in Daily chart are red, and now touching the top of the cloud. And I am hoping the cloud will serve as Support. On a regular Daily chart, the current price is touching the Role-Reversal…
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Kuroda Bazooka & YEN (Dec 18)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-18_16-18-21-US3
BOJ had a Monetary Policy Meeting today, and the URL of the announcement is here   The initial reaction was Yen-Bear (USDJPY jumped up from 122.50 to 123.50), but then it retraced more than 100% !! You can read the details of the announcement in a different post.  So I will not repeat here…
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USDJPY Trade Setup (Dec 17)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-17_19-32-01-UJ3
Dear Traders, Right after FOMC statement, this pair dropped down to 121.37, but bounced back up! Thus I think it is safe to say that Daily & Weekly Cloud were Support. 121.35 is a hardcore support line!! I personally think the next target is Kuroda-line (125.00). Thus I would like to keep buying this pair,…
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USDJPY Trade Setup (Dec 16)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-16_21-00-51-UJ3
Today is FOMC day. I am not going to make any new trades before FOMC. But here is the possible trade plan after FOMC for USDJPY. Weekly Ichimoku shows the current price has been supported by the cloud.  (The top of the cloud is 121.50) Likewise, the price is above the cloud on Daily Ichimoku.  (The…
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GBPJPY Analysis – Where is the bottom? (Dec 15)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-15_18-45-58-GJ7
GBPJPY pair (as well as USDJPY) has been down for the entire week. Where is the bottom? Previously I wrote "I am now Bull with this pair" because the price was above Daily Ichimoku Cloud.  But the price dropped off from Daily Cloud. Thus I cannot buy this pair until we confirm the drop is…
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EURJPY Trade Setup (Dec 14)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-14_20-04-22-EJ1
I continue to be Bear with EURJPY pair. The biggest reason is Weekly & Daily Ichimoku chart.  (Please refer to my postings last week) Daily Stochastic suggests the price will go down further. Thus let's look for another sell zone. Looking at H4 chart below, you can see the price dropped again from Fib61.8%. One…
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EURJPY Trade Setup Cont (Dec 11)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-11_13-24-11-EJ1
I posted EURJPY Short trade setup couple of days ago. The basic idea was - Daily Ichimoku Cloud can be Resistance. It is sort of working.  But not enough.  :)   Even on the regular Daily chart, the price dropped from MR2, and Stochastic shows still a lot to drop. Hourly chart looks also interesting.…
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USDJPY Trade Setup (Dec 11)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-11_13-07-12-UJ2
Dear Traders,   I posted USDJPY Long trade setup yesterday.   The basic idea was simple - Weekly & Daily Ichimoku Clouds would be supports for this pair. In fact, the price moved up more than 50 pips, and I continue to be Bull with this pair. However, currently the price is hitting H4 21EMA,…
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USDJPY Trade Setup (Dec 10)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-10_14-34-36-UJ3
USDJPY pais has dropped significantly yesterday. Now the price is in the major support zone (121.50).   The question is... is the price going up or down, right?  :) Here is Weekly Ichimoku. I think it is safe to say the candles are supported by the Cloud so far.  Even if the price drops a…
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EURJPY Trade Setup Cont. (Dec 9)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-09_17-21-06-EJ
I posted EURJPY Short Trade setup yesterday, and it never triggered.  ;-) Well the basic environment stays the same on Ichimoku.  So I am still Bear and looking for Short Opportunity. As a trigger, (just like yesterday) I would recommend to play a breakout strategy of DPP (133.80). The target should be 129.42 (WM3 ->…
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