BOJ Intervention JPY - forex flash news trader.mq4

BOJ Intervention JPY ~ forex flash news trader.mq4

The intervention by the Japenese Government was an extra-ordinary event. However, if your look closely at the two H4 charts below for GBBJPY and USDJPY you will clearly see that the H4 was on a bullish move, when the intervention occurred. H4 clearly explose the move so also the current retrace. USDJPY was even more exact to the point at the point of intervention and the retrace.
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Larger Picture for AUDUSD - forex market news trading

Larger Picture for AUDUSD ~ forex market news trading

This is the larger picture for AUDUSD. The next target for the bull is 0.98400 before a retrace is expected.

I dont trade AUDUSD regularly, but that is where I am watching for a long term trade. As you can see, I have a sell order waiting at 0.99990. This is not recommended for short-term traders. This is purely a long term trade and I am willing to wait for over 500 pips or more. This can take weeks of even months to happen so be warned.

I dont expect it to get there, but would be a pleasant surprise if it does. 0.98400 - 0.99000 is the area I will be willing to pull the trigger manually, if I see a sell signal on the weekly. At that point AUD will damn too expensive against the dollars.

These areas are obvious in the daily and weekly charts attached.

Happy trading!
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Concrete Zones - quantina forex news trader myfxbook

Concrete Zones ~ quantina forex news trader myfxbook

I posted the charts earlier. I re-post again it to show that the analysis is still valid until the range between 1.60000 to 1-53214 is broken either way

For now price will only move to the next level if the daily closed above the resistance line at around 1.58535 or move back to where it came and close below 1.57147.

It is always better to trade within established concrete zones. That way, you will be insulated from the noisy signals all around you.

That is how I trade. The daily shows me the trend, H4 gives the signal and I use M15 to enter my trades. If you trade this way you might miss some trades, but you will only take first class trades.
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