Ichimoku_Trader

Waiting for clarity and good positioning...

FX:USDJPY   U.S. Dollar/Japanese Yen
506 17 22
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Comment:  
Comment: Comparison of the daily TF
If we add the EUR and GBP? Do we have the similar pattern also?
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No
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I don't see any direction for USDJPY. I will wait. But what do you think Is 107.50 a resistance line, if it will break up, so the direction will be up?
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Actually, i think that we now have direction. The problem is that we are probably going to retrace deeply now
H1 is already bullish so expect more upward movement.
As for 107.5, it is just the 23.6% fib that's holding the move up. Probably it will not hold for long


Good luck
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bunah2 Ichimoku_Trader
Thanks
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my pleasure
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bunah2 Ichimoku_Trader
What do you think GBPJPY long?

High probability to break up;
1-RSI @240 min ; it is divergence (as you said)
2- MACD @ 240 min ; it is divergence and 2 lines crossed
3- Fib 88.6% @ 156.67, which the price bounced up from it.
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Please forgive me but I don't trade GBPJPY

but you seem to have done good job. If you like, send me a chart and I'll comment if I see anything different

Good luck
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bunah2 Ichimoku_Trader
https://www.tradingview.com/chart/yxCQUp7S/
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I would only want to be short
Look for selling opportunities only

Expect a correction though, maybe even a big one (that could translate to price or time) but only be short

Good luck
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bunah2 Ichimoku_Trader
I am new here, so I don't know how can I share a chart without share the link. Sorry
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bunah2 Ichimoku_Trader
https://www.tradingview.com/chart/yxCQUp7S/

This is the link to daily chart; it shows the trend line broke on the daily chart
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The trend line that broke is the trendline on your timeframe
There is a more important trendline that still did not break on the higher timeframe.
Maybe you can trade up to it (there is room). but this pair is currently very bearish so only think short term if you decide to buy

Good luck
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bunah2 Ichimoku_Trader
I understand.

Thank you so much
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You are welcome
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Looking to go long if it closes aboves the 382 fib on the 4H.
snapshot
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Not sure

I see bears but it is very confusing
Also, uncompleted targets below
Also a final pull down is needed to create a TS / KS cross on monthly

Also, the move up seems corrective

So I'm staying out
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