01/01/2025
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09/12/2024
Long EUR/JPY trade :
We wrote about some sort of inverse head and shoulder bottom formation effort in USD/JPY on 4 hourly basis in our last post . Similar bottom formation effort was also noticed in EUR/JPY. Hence we went long in EUR/JPY at 158.550 level with stop loss 158.300 . Time was afternoon in India and around midday in Dubai while it was still morning in Spain. The attached screenshot of our discussion in official Telegram channel shows Spanish time. The first target was 158.800, second target was 159.000 and third target was 159.170. All the three targets were achieved with a gain of more than 620 points (62 pips).
For live trading signals in major forex pairs, you may contact 056 708 6587 (whats app)
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06/12/2024
Is USD/JPY trying to form an inverse head and shoulder on 4 hours basis after the recent fall from around 22nd November:
USD/JPY has fallen quite substantially since 25th November when the neckline of the head and shoulders top was broken ( reference last Sunday market update ). There are some initial signs of bottom formation and possible inverted head and shoulders formation in USD/JPY on 4 hours basis. ( LHS). Also it is interesting to note that there is slight divergence again between USA 2 year bond yield and Japan Government 2 year bond yield.These bonds yields have been narrowing along with fall with USD/JPY . Of late this narrowing trend seems to have stopped and showing some divergence again.
On the other hand , USD seems to have found some sort of bottom ( RHS). Some of our proprietary algorithms seems to suggest that bullish divergence in USD is building up.
All these indicate that USD/JPY short trade is mostly over and getting ready for long trade.
For live market signals on major forex pairs, you may contact +971567086587( whats app).
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06/12/2024
Morning doesnot always show the day :
The first trade of the day (still morning time in most of Asia) gave us a modest profit of 188 points (around 19 pips) in a sideways and extremely challenging forex market. We shorted USD/JPY around 149.960 level with stop loss of 150.100. The first target was 149.790. It hit the first target with a modest risk :reward ratio of 1.2 and touched 149.772 with a risk : reward ratio of 1.34.
Hopefully remaining trades of the day would generate much higher profits.
For live trading signals of major forex pairs, you may contact 056 708 6587 (whats app)
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05/12/2024
There was another reason why we booked profit from our USD/JPY short trade at that level. This level was also exactly 3.618 Fibbonacci Extension from where the last fall started . Twice this 3.618 Fibbonacci Extension level acted as support to the downside and we took note of it.
For live trade signals on major forex pairs, you may contact 056 708 6587 (WhatsApp).
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05/12/2024
Fleming, Ian “Once is happenstance. Twice is coincidence. Three times is enemy action.”
When USD/JPY turned up again from 149.660 level (first time it turned up from 149.670 level), we didnot wait for the third time to give enemy a chance to harm us and booked profit.
Already we were sitting with almost 462 points (46 PIPS) profit from our shorting level of 150.122 . It twice came very close to our first target level 149.600 (mentioned in last update).
For live trade signals, please contact us 056 708 6587(whats app)
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04/12/2024
Today in Japan Session we post a signal over USD/JPY(Long) in our private signal group with the Entry Price 150.070
First target 150.520
Second target 151.200
Third target 151.400
Fourth target 151.650
Stop Loss 149.810
Now market breached First TP and Second TP as well.
Please contact us for live signals +971567086587(WhatsApp)
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03/12/2024
Albert Einstetin famously said that compound interest is the eighth wonder of the world . For ordinary mortals like me in the field of trading, Fibbonacci series also can rightfully claim for 8th wonder position .
EUR/JPY reversed exactly from 4.236 Fibbonacci Extension of the last swing from where the most recent fall started.
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03/12/2024
In EURO weakness, we trust again: In continuation of our bearish bias on EUR/JPY, the forex pair again fell from exactly 61.8% Fib retracement level of the last swing sometime ago ( RHS). We were looking for signs of shorting rather than buying as outlined in our Sunday report. The 2 year yield differential between EURO and JPY continues to shrink further , giving more confidence to this bearish trade. It is highly likely that this week EUR/JPY will touch the targets mentioned in Sunday weekly forecast.
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