Based on the current market conditions, a strategic approach would be to consider a sell position on the USDJPY currency pair. The analysis spans multiple timeframes, notably the H1 (one-hour) and M15 (fifteen-minute) charts, providing a...
Current Trend Structure The EUR/JPY pair is trading in a broad consolidation range with alternating strong and weak waves and no clear medium-term trend. This has paved the way for price action since mid-month and all attempts at a breakout have...
Technical Analysis of Oil On the 4-hour chart for oil, the price is giving a buy signal from the current level to the resistance level of 65.78. Over the past two weeks, the price has moved in an upward direction, leading to this week's opening...
The Japanese yen (JPY) experienced a pullback after reaching a multi-month high against the US dollar in early trading on Tuesday. This retreat saw the USD/JPY exchange rate climb more than 40 pips from below the key psychological level of 140.00....
Trading against the trend—also called counter-trend trading—can be profitable, but it's risky and requires experience, precise timing, and good risk management. Here are some common situations when traders consider going against the trend: 1. At Key...
