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Now that we have seen a resistance level form we can begin looking at a potential level to go long on USDJPY Should we see price close about this level, I will be looking too take a long with correct risk management and ideally a 10pip range. To re-iterate what I have said the past few posts, this is END OF MONTH which means market moves a bit more weirdly than...
The daily time frame was bullish and the price broke the 110.6 daily level in 4H and also 1H timeframe. Also, yesterday broke the 4H timeframe and last week's high. I take a long position with the TP of a psychological level. R/R = 1:1.95
Buyers seem to be taking over the dollar currently, this doesn't mean that sellers can't fill the gap created on the way up. A bounce from this order block would suggest to me that the price is ready to pull back aggressively before continuing long. Sells could be valid here depending on rejection. If you miss the sells, buys could be valid from the gap marked...
The price start a bullish trend from daily support plus it broke the last high which created the last low level, it also broke descending komu. I put my TP on last week high. R/R = 1:1.19
*Disclaimer* This is not financial advice. Forex trading is risky. Trade at your own risk. #Trade_Like_A_Magnate
USDJPY (long-term) $ vs ¥ The market has been moving sideways since a bullish impulse in wave ((A)) finished. It seems like a wave ((B)) is taking the form of a triangle . So wave C of (D) is finished. If correct, the market should continue to decrease towards the pattern’s lower side to a wave (E) , in the coming months.
USDJPY. Wait for a rejection candle to form near the 110.521 area.
USDJPY (long-term) $ vs ¥ The market has been moving sideways since a bullish impulse in wave ((A)) finished. It seems like a wave ((B)) is taking the form of a triangle. So wave C of (D) is likely underway. If correct, the market should continue to increase towards the pattern’s higher side in the coming weeks.
Hi I can see that the dollar yen is a mild up trend It had good few months of uptrend earlier but for the past few weeks its making new highs and higher lows but not quite as strong as before I see that price is near the lower channel (trend line) and middle of the Keltner channels. I see a good possibility of price going up to test the swing highs
Dollar Yen nice uptrend and triangle break! Price action is retesting previous structure level for new support confirmation. Clean 3:1 RR trade if triggers. On high watch! LONG 💴
USDJPY Watch for buying opportunities near trend line support and EMA 10 EMA 20.
Traded USDJPY at horizontal support resistance and dynamic support resistance using the pin bar strategy.
Usdjpy - Daily chart - Bearish reversal scenario explained in a simple way. After price had rallied for a prolonged period, there comes supply that starts taking out the previous demands (higher lows, trend line support buyers etc). This supply (Daily highs) broke the trend line support and broke the previous higher low support. After breaking these supports,...
it breaks the previous high, wait for retest or you can put buy stop as i did ;)