USDJPY, possible long with tomorrow FOMC. we are monitoring this pairs for a buying opportunity around 113.5 zone, Once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring USDJPY for a long term buying opportunity around 112.700 Zone respecting the bullish trend in combination with the weekly strong demand zone. Once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Hi Traders, USDJPY already rejected 114.3 Weekly Supply Zone as was predicted on the idea previously, we're trying to monitor now the best zones to consider for going long, once any buying confirmation is noticed.. the trade will be executed.
Trade Safe, and remember to use a good risk management especially in swing trades.
Today, the indicator "Kenji" on the daily USDJPY chart generated a buy signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of USDJPY is currently in the active uptrend phase (the area between the fast and slow averages is colored blue). At the same...
Big players are taking bullish bias recently, shown with the impusive leg to the upside, now corrective move is formed.
The last recent swing high is in conjunction with EMA50, which provides good entry level at around 106.193
Stop loss below the last recent low 105.828 and target at the major resistance 107.528
A big compression happen on 22nd May 2019 as you can see on the chart. Bear power is still weak to consider selling.
Buying opportunity emerged as there are DBR that break Resistance on 20 May 2019.
We can start to buy at liquidity level or we can wait and buy at QML on lower TF.
TAYOR (Trade at Your Own Risk)
I recommend BUY USDJPY at 110.42 because I see breakout sell channel at m5 timeframe.
StopLoss is small, but potential TP is very good. So you can use good volume to try catch good profit
RRR - 8.4 to 1 risk
USDJPY has been trading within a huge ABCDE corrective triangle on the weekly chart.
We have scoped down to the 4H chart to find a solid entry to a long position with extended profit targets.
Entries would be placed around current market price with a stop loss below the low around 109.000 - 109.110 & aim for targets of 110.000 & 118.000.
Updates will be...