Fxprotrader
Short

USDJPY It Doesn't Get Any Better Than This

FX:USDJPY   U.S. Dollar/Japanese Yen
Price has reached a daily downtrend, it has been rejected from that level, it broke below the wedge it was moving in, it's consolidating below the broken level and MACD bearish divergence is present. Great sell opportunity here..!

Like and comment for updates... If a setup comletes i will come back letting you all know.!

Daily downtrend:
snapshot
Comment: I believe you are about to have a correction. So for those who are in it's a good idea either to take their profits or hedge waiting for the next move to the down
Also wait higher for short entry, but from 108.5
snapshot
Reply
Your patterns don't look valid to me... What kind of pattern is the blue one?
+1 Reply
Dguaman Fxprotrader
Yeah looks really weird ... :-|
Reply
Looks like a very loose formed Butterfly, not valid at all due to XAD not meeting requirements. the other values are still pretty loose. Not a pattern for me.

Reply
julia17 Fxprotrader
it's Alt bat
Reply
When it's 0.50 B point you are working with a Bat or Crab. If you see a 0.50 as the B point on a crab you will usually see a 3.618 D leg. Which means it may go up to test 112.000 before dropping. Which would make sense as well due to the expanding wedge on the 4hr too. Good luck!
+1 Reply
Fxprotrader PipsUniversity
Well said..!
Reply
Good try, the CD leg value is slightly too far/high. There is one but not valid due to price moving to high up, but if you has AO indicator it will show you the divergence.
Reply
I have a similar set up with one warning about the gap just below. It may cause a bounce. If it beaks below the gap it will generally strengthen the gap as a resistance level.
USDJPY some down before the up
Reply
Thanks for sharing
Reply
Hi, similar view to me :)

USDJPY possible short trade
Reply
Fxprotrader JaimePantoja
Nice ;)
Reply
Thanks for sharing
Reply
I agreed, for me I am a zone trader,
I am waiting for that zone ,too.
Reply
Funny_Jasper Funny_Jasper
USDJPY
Reply
Fxprotrader Funny_Jasper
Great
Reply
nice analysis and potential set-up!
Reply
Fxprotrader marcus123
Thank you
Reply
Now that USDJPY has crossed 106.4, what is your opinion for short?
Reply
Look for reversal and a rejection soon
Reply
Don't rush sit and wait like a sniper
Reply
I'm looking to short at 106.9
Reply
aa2016 Liamfeltham
you were right.
Thanks
Reply
Wait for a setup based on your startegy
Reply
Fxprotrader Fxprotrader
*strategy
Reply
Any Update Sir =) Thanks ! by the way, do you have a COPPER chart???
Reply
I booked my profit, going for re-enter...
Reply
Fxprotrader JumpJumpBunny
Great ;)
Reply
hey i just wanted to ask if youre going to leave this for about a week? when are you looking to getting out of these pairs?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out