FX:USDJPY   U.S. Dollar/Japanese Yen
533 5 26
This chart is not meant for trading purposes but rather as a way to reflect on some technical analysis issues. It is also related to my tradable USDJPY             H4 chart which you can find attached below.

I hope you find it useful
Good luck
Interesting chart indeed. Let me take a stab at it: Seeing that Kijun Sen is flat, I would expect price to retrace back there initially. Chikou Span is pointing up, so looks like price is likely to rise next week. Also the weekly candle closed above the median line on the Pitchfork you drew exposing the upper median line which coincides with the same level as KS. Overall momentum is still to the downside indicated by AO being red and below zero, and future Kumo pointing down. So for now this market in my opinion is still bearish on a weekly timeframe
Very nice analysis

I agree the market is bearish in this TF. It has to break the critical level to become bullish. That's a big feat to accomplish.
So although, we are buying on H4, we have to be very careful when considering the analysis of the weekly TF

Thank you very much for your input
Good job
+1 Reply
Agree with your long term analysis, both of them.

Just asking if the touching of the KS line after a retracement could be a good spot to look for a signal to buy for an uptrend move ?

Personally I would wait till KS turns up
But it's your call
Ichimoku_Trader Ichimoku_Trader
But on H4 yep
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