#DXY update this is probably why a pull back in markets r happening today I think down we go 1st which should give another solid push up b4 the dollar pumps again
Raoul Pal has been a screaming dollar bull since I've been following him, and his methodology and process are so logical. Global dollar shortage is fuelling the dollar strength and USDJPY appears to be in a staggering inverse H&S that has been in play since... the start of the Millenium. I'm already short EUR, GBP, and AUD vs. the Dollar, but looking to add JPY...
Hi traders. USDJPY appears to have been forming a descending triangle on both the 4H and 1H time frames. Since market open today, it has broken out of the structure to the upside but since has now been pulling back. I believe this was a fakeout. Providing the green trend line is broken on the 30M or 1H time frame cleanly, it would then be time to short UJ to the...
Hi fellow traders. USDJPY over the past week has been in a strong uptrend. It appears it may be time to see a correction, slightly towards the downside. Awaiting testing of the red trend line drawn. Upon this, looking to open a short position and take profit at the 0.382 Fib level. Stops are tight in case this idea is invalidated. RSI (14 period) further...
Previous Close: 100.75 Upward Bound: 101.77 Lower Bound: 80.07
USDJPY Shorting Next Week! Comment if you have a different idea on this pair!
USDJPY 30 min. Major and minor trendline. Break of minor trendline and re test of key area also matching up with the 61.8 fib level. Looking for a move downwards to test the major trend line again. Okay risk reward with 1:2. I like this set up a lot but corona virus scares could whip us out. Stay safe 1% risk max.
Price action on this pair has been very corrective on the 1Hr timeframe as we approach a key level of 112.00. This also correlated with the Daily timeframe as we approach the 112.00 level which has not been successfully broken for 12 months or so. In my opinion, price could push higher before a heavy bearish movement. However if price does not push higher and...
Dollar-Yen has been able to break the trend line, now waiting to retest and continue its downtrend. Good Luck
Maybe I'm being a little optimistic but just keeping it simple and trading the plan. Price is at strong weekly support forming a Higher-High/Higher-Low structure. T/P 1 is resistance 1 and T/P 2 is resistance 2.
5 Elliot waves to upside... Daily Bearish engulfing a signal to short.... Elliot wave A,B,C Correction??
MY SETUP ON THIS PAIR IS : USDJPY Buy at 109.66 Stop Loss at 109.40 Target profit at 110.20 Good Luck guys!!
Short set up - Supply zone has multiple indecision candles - The demand zone needs retesting Worth noting - two supply zones on top of each other one a 4 hour second a daily
Our USDJPY has shown clear rejection @ 110. So far favor our bearish speculation as mention here We will wait clear structure to add more entry in the future. Thanks for reading and good luck !
Hi Traders, Dollar-Yen is on a strong resistance and it has bounced off the resistance, its good indicator that the market is going to sell from the current level, you preferably you may wait to retest again the respected level of structure and watch a price action there if the market again respects that level its great chance to shorten this pair next...
UsdJpy is seen retracting on resistance line for a good sell back to supports(108.500)(Pink rectangular shade) or more(Thick grey line), So as long as resistance(yellow rectangular shade) isnt broken then sell! or wait for a breakouts @109.300 then sell! Please comment and share your ideas on this particular pair too. thanks!