FOREX.TODAY

Tag: Pivot

Trade Setup EURAUD (Jan 25)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-25_15-16-39-EA1
EURAUD pair is at the interesting zone on H4 chart. The price is at Support for sometime, but Stochastic has crossed up and about to go above 25%. Looks like very interesting Buy. If we can get into this trade, we can expect up to WM4 (WM2 -> WM4). For the entry, we should wait…
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GBPUSD Trade Setup (Jan 21)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-21_16-14-58-GU
GBPUSD has been weak for a long time.  But shows no sign of reversal yet. It is riding (below) 21EMA.  So we should continue to sell it, until it shows the reversal price action. I would like to suggest the next sell zones as below. a) H4 21EMA, or b) Role Reversal Resistance @ 1.4230…
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GBPJPY Trade Setup (Jan 19)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-19_15-06-55-GJ1
GBPJPY is approaching to the next sell zone. You may say "This pair has dropped so much!   It is going to go up soon?". Well, we should keep selling it, until it fails.  So far, the price is riding 21EMA on H4. Thus until it fails, we should respect it. Here is a H4…
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NZDJPY Trade Setup (Jan 18)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-18_12-56-57NZDJ3
Dear Carry Traders, I wish I could show you Long trade so that you can add one more Carry trade. But the trade setup I am posting today is Short trade.   Well, the market is Bearish.   What can we do?  :) Here is H4 chart.   The price is already coming up to…
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GBPJPY Trade Setup (Jan 18)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-18_12-39-43-GJ
I posted GBPJPY Long setup last Friday.   The basic idea was simply Double Bottom on Weekly.   But the price just broke the support and went down. I realized I tried to pick the dropping knife. Thus I should get back to the normal trading strategy ... the price is under 21EMA.  So sell!!…
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Trade Strategy for YEN Pairs (Jan 12)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-12_15-49-49-EJ2
YEN continues to be stronger. USDJPY, EURJPY & GBPJPY have touched Monthly Reversal Pivots already (MM1 or MS2). What can we do now?  :) If you want to swing, it is too late to short.   But can you buy now?  I don't think so. Thus all you can do with YEN pairs is a)…
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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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GBPAUD Swing Trade Setup (Jan 8)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-08_16-03-48-EA1
Here is one Swing Trade setup. On Daily chart, this pair is in the downtrend, by making series of Lower Highs and Lower Lows. Currently Stochastic is hitting almost 75% and the current price is at Role Reversal Resistance area. Thus I am looking to short this pair. On Hourly chart, this pair was very…
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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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EURJPY Trade Setup Cont. (Dec 23)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-23_18-57-26-EJ2
The same Short trade for today!  :) Since the basic setup has been determined on Daily chart, I would like to continue just looking for Short trade. (Please refer to yesterday's post for the basic analysis) For the entry... Let's try to short from Fib 38.2-61.8% as shown above. Alternatively, if the price continue to…
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AUDJPY Trade Setup Cont (Dec 23)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-23_18-48-15-AJ1
Dear Traders, Happy holidays!! Let me just repeat the same trade setup here!  :) Same reason and same trigger as yesterday. Here is the possible entry. As usual, I would look for the Long entry from Fibonacci 38.2 - 61.8%. Note WPP is at Fib38.2% and this level is Role-Reversal Support.   The market is…
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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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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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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 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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