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Yen to go bulls till 162... Greetings fellow traders! I have always been majorly bullish on the Yen. I expect to see it tap 200.000 some time in the future. But that's just a weak expectation and not a proper forecast. Let's get into what 'my' forecast is. Yen swept the sellside liquidity below 140.000 , which was Dec'23 swing low, in Sep'24. The structure shifted on the weekly timeframe (marked as wmss) with a strong bullish marubozu type bar, showing the excitement and strength of the market. The seasonality of Yen tells us that the pair tends to peak around November-December . Now, if we club this with the current scenario and data, we can expect market to hit 162.000 before New Year 2025 . Is that a necessity? Of course, no. But that is what we expect after reading the market. What does @I_Am_ICT always say? The market does not have to get to where we want it to go, to be profitable. The major concept that I've applied in the whole analysis is Purge and Revert on the monthly timeframe & clubbed it with various other scenarios and timeframes to conclude to this analysis. There are certain levels and imbalances which can be of value and have been marked on the charts attached. One may refer to them for more info. Trading conversations are welcome. PS- It can be expected, looking at the daily and LTFs, that some retracement into discount prices is possible before a rally. Have an insightful trading week ahead! Disclaimer- All content is for educational purposes only and not trading advice.
Long
by SatyajeetSahai
1
IGPL waiting to settle to form support to go LONGAs per my study and analysis, I find this for education purposes only that its not any buy recommendation. I found that the trend line resistance was broken and support was taken but at the same time the pattern formed seems to be a cup and handle pattern in charts which after break out would just burst to new highs with a time span . . . Disclaimer - This is not a Stock recommendation. Investments in securities are subject to market risk. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. It's an educational post for analyzing, learning & discussing general and generic information related to stocks, investments, and strategies.
NSE:IGPLLong
by share_care_earn