am longing on this after extensively reviewing this pair, technically and sentimentally. if your long this with me keep your SL at 100 and just forget about this pair and let it go. gyazo.com thats current market positions, take a look.
here is my take on this pair on 3 different time frames : Monthly : We hit a major trend line dating back to 2002. Considering this pair has been a bull since 2012. what we see here is basically a pull back that took place from 1/7/15 till today. if by any chance we break the trend line, then this pair shall be officially bearish and may go back to 2012 low''s....
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
Looking at a potential trend continuation around the 111.000 area. Daily chart indicates we are bearish with downsides towards 106.000 area. This indicates we have room to hop on the downtrend we are currently in. Recently the 111.000 area has held strong support on 3 occasions. There is a good probability it could hold as resistance if price gets there again....
TF DAY It is in the C-wave state. and likely flag pattern please trade with carefully Target = 105-106 Stop in 1H Run in 4H End of week it is break out, maybe watch for open market for sure.
Market Condition:USD/JPY Daily Breakout Target 1: 108.66 (2X ATR) Target 2: 106.66 (4X ATR) Invalidation: 1X ATR Reversal to 111.66
pretty confident about this prediction. cuz USDJPY seems like having a recovery.
The pair has broke the resesdans line it will goin to 12.46 around before going long to correct his trend
USD/JPY 113.78 Market managed to hit below 112.50 yesterday in a sign that market may have another dip toward 111.50-60 zone before resume the rebound correction toward 115.10 zone short-run still showing ability to continue trading zone between 111.00 – 115.10 , while below 111.00 expect 110.00 zone and below Support Resistance Level...
USD/JPY Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60 As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60 Mid-Run: ...
The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show...
Hi all, please see this chart first, and press the "load new bars"/play button and see how it played out: I recently took notice of such formations and have come to appreciate its usefulness. RATIONALE: When a pair trends in a certain direction, and such a formation forms, it usually indicates indecisiveness/loss in momentum of the prevailing trend, because...
Target is included.
We are in corrective structure after a 5 wave move up on USDJPY. We seems to be in the latter stages of an end to the correction. Overall a breakout to the upside is expected. Remember this is a Daily chart, so it may be sometime before it pans out. Price zone to note is 119.50 - 119.00. Price action in thhis zone would give clues about what possible correction...
It's a simple trade - keep a lookout for this formation! 9th December's giant candle, and the inside daily candle for 10th December. A close below the HIGH/LOW of 9th December's red candle can potentially spark a breakout in that direction next week! In this case a close below seems highly likely.. Good luck.
FLAG PATTERN BREAKOUT. STOCHASTIC ALREADY OVERBOUGHT INDICATING A LITLLE RETRACEMENT IS POSSIBLE, WAIT FOR THE PRICE RETRACES TO H. SUPPORT. GO LONG. AND THEN TAKE PROFIT AT FLAG TARGET THAT COMES IN CONJUNGTION WITH THE 1,27 EXTENSION AND D POINT OF THE ABCD PATTERN. (WHICH MEANS THAT COULD ALSO BE POSSIBLE SHORT OPPORTUNITY, IF YOU'RE AN AGRESSIVE COUNTER TREND TRADER)