TradingView
Setupsfx_
Jan 12, 2024 9:53 PM

#USDJPY: Possible 600 Pips Bullish Move Expected | It is on DXY| Long

U.S. Dollar/Japanese YenFXCM

Description

Happy weekends Everyone!

FX:USDJPY it had created higher and then dropped to fill the order blocks, now price is at very critical area, if DXY remain bullish next week we can see a nice and clean 600 bullish move. For JPY, it is already bearish and will likely to remain bearish next week as the current economic conditions are not stable. Currently, what we expecting , watch for price to come down to our area then we advise you to take buy entry with 70-100 pips max and set tp at 147-149-151 as followed.

Good luck and trade safe, remember to trade safe and use strict risk management.

Trade active

280+ PIPS Target Moving well, Focusing on target two now.


Comment

413+ PIPS, close 50+ OFF Your positions!

Comment

Price hit 149.00 region where our second TP and price dropped. Currently, making some corrections. Possible buying opportunity coming today or tomorrow.

Comment

Target-2 hit, second entry chart has been sent.

Trade closed: target reached

-700+ PIPS Hit Take Profit Successfully.
Comments
saif_wahab
dont agree with you because dollar will get weak in coming days and gold a nmd silver will set new highs and usdjpy also define its high and now will continue its down trend
Setupsfx_
@saif_wahab please share your analysisN
rejoicem76
@Setupsfx_ I have a pullback setup to 146.250 before going bullish again
Setupsfx_
@saif_wahab 500+ PIPS, what do you think now? Two of three targets hit.
TheFxAce
Intriguing buy setup. How do you plan to manage if there's a sudden market reversal?
Setupsfx_
@TheFxAce will update you if that happens
Nut_shark
Is this wave x5 of wave theory ?
Setupsfx_
@Nut_shark no it’s not
MadWhale
agree with more gain
More