FOREX.TODAY

Tag: Range Bound

AUD/USD Is In A Range Bound Market Right Now
Profile photo of Paul Dunne - Forex.Today by Paul Dunne - Forex.Today
AUDUSD Hourly Chart range bound market
The Aussie dollar is moving side way right now. If you going to trade this pair then watch your stochastic for over bought or over sold conditions before entering a trade  Wait for price to be at support or resistance zones and  have your stochastic in your favor then enter a trade ?( cross down…
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USDJPY in the Range Bound (Jan 15)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-15_14-17-37-UJ
USDJPY has stayed within the range of 117.15 - 118.30 for a week now.   Thus I don't expect to trade this pair, until I see the break of this range. Since my immediate bias is neutral, I plan to follow the direction of the break, and will try to get into the trade for…
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GBPJPY Trade Setup (Dec 9)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-09_16-59-28-GJ3
I posted GBPJPY Trade Plan on Dec 7th, in which I talked about the possible Buy opportunity from the bottom of the range. Here we are today. The price already bounced from WM1, and Stochastic is looking up on H4. Interesting to see hourly Stochastic is also going up now. On Hourly, the price broke…
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GBPJPY Trade Setup (Dec 7)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-07_17-43-53-GJ-1
GBPJPY pair has dropped also during Asian hours today. I am thinking that this pair is now in the range bound (184.00 - 186.50). Thus if you want to play RangeBound, you could sell this pair until 184.00   However, if you are still bull, you may want to watch the price action around 184.40-184.50…
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USDJPY Trade Setup (Nov 5)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-05_15-59-02-UJ2
USDJPY pair has been forming the range bound, and currently the price has reached to the top of the range. If you are Bear, you should consider to sell from the current level. If you are Bull, on the other hand, you should just want for now to see a) the clear break of the…
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USDJPY Trade Setup (Nov 4)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-04_15-48-11-UJ1
USDJPY continues to be in a range bound. As I wrote yesterday, the price stays within the range of 120.40 -121.40. Until it breaks, we can trade RangeBound Play. Please make sure you pick up or down, based on your bias, and only trade one way, not both ways. For me, I will only buy…
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USDJPY Trade Plan (Nov 3)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-11-03_14-48-54-UJ
Dear Traders, I used to mention there were 2 range bounds existed in USDJPY pair - Inner Range and Outer Range. Now this pair seems to have moved up a bit, and now forming the new range bound with the top of Outer Range and the top of the Inner Range. Thus it makes sense…
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BOJ Monetary Policy Statement
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-30_15-22-39-UJ
URL:     The statement has been delivered already, which tells no additional QE. However, Kuroda will hold the press conference in 10 min.  (at 2:30AM EST) So the price may move drastically on either way. So far, the price stays within the range of 120.20 - 121.46. If we see the big movement, we…
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GBPJPY Trade Plan (Oct 15)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-15_14-32-27-GJ1
Yesterday, GBPJPY jumped up 200 pips. I am sorry I suggested the opposite direction.  (For your record, I shorted twice, and lost twice...) Well, I will try to polish up my analysis. Let's move on dot com.   Today seems to be RISK ON day.   I am expecting stronger USD, weaker Yen. Thus GBPUSD up, and…
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Yen Carry Trades (Oct 9)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-09_14-20-35Y1
Dear Yen Carry Traders, your season has come! As you can see in Daily Ichimoku charts, NZDJPY is already above the cloud.   Also AUDJPY is approaching to the top of the cloud.  So we can expect AUDJPY will soon go above the cloud. Expecting further QE from Bank of Japan at the end of…
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USDJPY Trade Setup (Oct 8)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-08_13-48-30-UJ1
USDJPY failed to go above the cloud on Daily Ichimoku chart.  So I remain Neutral / Bearish with this pair. This Ichimoku tells us the upper space is blocked by the clouds, so buying this pair doesn't make sense.   So the strategy I would recommend is the range bound play with the inner range…
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NZDJPY Trade Setup (Oct 6)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-06_13-07-25-NJ2
NZDJPY pair has shown significant rise. I was surprised to know NZDJPY is the only pair among other YEN cross pairs that Daily Ichimoku chart shows a strong"BUY" sign now. <Strong Buy sign in Ichimoku> a) Candles are above Clouds b) Chiko-line (aka Delayed-line ... in purple) is above the candles c) Tenkan line >…
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USDJPY Trade Plan (Oct 5)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-05_8-51-31-UJ
Dear Traders, New week, new month... and NFP is over. USDJPY dropped down, but did you noticed the price was held at the Outer lower range (118.60).   Wow! This pair really doesn't want to break the range!! And guess what?   The current price is back within the Inner Range.   Thus the strategy…
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USDJPY Trade Plan (Oct 2)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-02_11-44-50-UJ
Dear Traders, USDJPY pair still remains within the range. Thus the basic trade plan remains the same as before.  (See my yesterday's USDJPY trade plan for details) I just summarized the possible Long Entries since my Mid-Term bias is Bull. Of course, if your bias is Bear, you can reverse this strategy - Sell from…
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USDJPY Trade Plan (Oct 1)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-10-01_15-07-04-UJ
Yesterday, I suggested Yen pairs are not preferable to trade. (You know what?   I traded USDJPY, and lost!  Here is the lesson.  Stick to your plan!!!!!!  Yes, I will.)   Now USDJPY pais is still in the range.  Actually there are 2 ranges exist as seen below.   a) Inner Range (119.20 - 120.30)…
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USDJPY Trade Idea (Sep 30)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-09-30_13-39-16-UJ3
USDJPY pair ended up within the range with little volatility. However, I feel like the down side space is now limited. Looking at Weekly Ichimoku, the top of the cloud is just below the candle, and eventually the cloud is getting higher. As a result of that, I am expecting the price will eventually go…
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USDJPY Trade Setup (Sep 29)
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-09-29_14-41-11-UJ
Nikkei is down 4%, Shanghai is down 2% today. So Risk off day? Well no need to panic.  (I see many private investors were panicing in the broker offices...  ) The price is still within the range bound on H4 chart (see below), touching the bottom of the range. From this point, we have 2…
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