Trading the JPY

Trading the JPY

On top of the FX Volume symbol list we'll find all major pairs.

Because I wanted to know how the volume changed since the beginning
of the Asian session I set 8 hours in the FX Volume indicator settings.

Et voila, we clearly see that the Delta between USD and JPY rose by 9%
while all others are almost unchanged.

So let's have a closer look at this pair.

FX Trend speaks a clear language. 

The FX Power currency strength lines are clearly separated and provide a rising delta as well

and the last Lighthouse level already became a stable resistance during the past 24 hours

And this is how this chart looks in total

So once we spotted a major pair with potential we should at the correlating cross pairs.

AUDJPY: Great volume change but the AUD long ratio is rising and FX Power shows an unclear currency strength situation

CADJPY: Is currently struggling at a support level but the setup has great potential 

CHFJPY: Clearly sideways. Not even close to being a good opportunity

EURJPY: Same situation as CHFJPY. Clearly sideways.

GBPJPY: Clearly sideways as well

Last but not least NZDJPY which is currently untradeable as well.

By posting all these screenshots we hope you can clearly separate the good from the bad trading opportunities.

We'll stick with our clear trade setup on USDJPY and the semi-clear but promising setup on CADJPY. 

Hope you'll have enjoyed the lecture and see you tomorrow.

Update on our USDJPY trade at 20:30 GMT + 100 Pips

Update on our CADJPY trade at 20:30 GMT + 67 Pips

Find the right trading opportunities day by day!
(and learn when to better stay out as well)

1. Visit https://www.mql5.com/en/blogs/post/677671

2. Have a look at our free News Channel -> https://t.me/STEIN_INVESTMENTS_NEWS

Besides the advantage of professional in-depth market analysis provided by my tools,
you'll get access to an exclusive group of skilled and successful traders who are willing
to share their experience and trades with anyone interested.

It takes just two steps to become part of our great and successful community

1. Get your toolset at https://www.mql5.com/en/users/blueball/seller

2. Send proof of your purchase to https://t.me/SteinInvestments
and you'll get your invitation to our amazing group chat

All the best and happy trading
Daniel