good short oppurtunity. price going to the 73.800 level.
USD/JPY Short Idea (5/29/19) 1HR Chart - Looking at a double top off of the 200 EMA and a disturbance level - DXY is looking like its going to be bearish so then UJ should also follow - Looking for price to come down to 109.140
JPY index is approaching its support at 0.145 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.147 (61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
Waiting to finishing the retest in the dark blue box. Then head to light blue box for TP1 indicated by the Green Line. Other take profits are indicated by the green lines. Red line represents Stop Loss. Just my bias. Still a baby trader learning.
The chart shows the JPY weighted index on a daily time frame, creating a bearish bat harmonic pattern. Furthermore, the last 3 daily candles together have formed a three pin pattern (Evening Star formation) indicating bearish reversal. I expect JPY to start showing signs of weakness in the next couple weeks across the board, meaning potential XXXJPY buys. The...
USD/JPY has been on in a rising channel making decent HH & HL, with a decent and clean market structure. The market broke out of the trendline with the first impulse push and later started the exhaustion move to the upper resistance area, Market has fully exhausted its bullish push and UJ bear market has come to stay. The bullish daily engulfing at the zone is a...
EUR/JPY still looks bearish on the bigger TFs like the Daily and weekly after the breakout of the ascending trendline and retest, however price is creating a similar ascending channel on the 4 hr TF with a final leg of the impulse wave setting up a completion in confluence with the resistance zone and 200 ema. Price could go either way but I would prefer to see...
NZD/JPY has been on three months ascending channel but luck ran out for the bulls as the market broke out of the channel after meeting strong monthly resistance, the market broke out and retested with a long bearish candle on the daily TF with the 200 EMA crossover to the downside. Reasons for shorting this pair; 1. Ascending Channel Break 2. A retest of the...
GBP/JPY has been on a long term uptrend channel making higher highs and higher lows, however the bulls control of the market is running out of steam and bears have successfully broken out of the channel. The extra sell confirmations were the double top rejections and the retest of the trendline with resulting Long bearish 200 EMA candle cross-over to the downside...
This is a great scenario showing institutions manipulating the retail trader at the price of 148.9 -- price was pushed above previous highs in an uptrend signifying further upside to the novice trader. HOWEVER, our team took a high-level view of the market and noticed momentum to the upside was slowing and the charts were pointing to a downside move with extreme...
Broke trendline Retesting trendline Key resistance area Bearish pinbar formed TP: Open
Quick, Simple, Analysis based on price behavior I've seen over and over and over. DXY Directional bias is bearish but we could expect a bullish Legg upwards, however I've learned Trends usually tend to keep trending in their direction until major support. So I would say chances are bigger UJ will dump since we went up a lot and DXY bias is still bearish for now.
Hey followers and other TradingView users! From my viewpoints, here is a pretty decent sell setup. Some powerful and important price action criteria matching each other in one area which makes this blue area definitely rejectable :) NB: The price has to come into the sell area exactly! into the blue box, IF it doesn't reach into the blue area before the box ends...
Here we are actively in the market for further downside in AUDJPY after retesting 78.6. => From a fundamental perspective the outlook in Australia continues to weaken. Credit, housing and confidence are all slowing and a dovish RBA is the icing on the cake. => The "positive" headlines this morning from the US-China trade is increasingly priced in and we see...
Another potential JPY swing trade. As discussed in my previous idea USD JPY was strongly rejected at the resistance line and has been making a move south since. Now is a good time to enter after the rejection at the resistance level and the seeming continuation candle that is currently forming. As with all JPY pairs be prepared for this to drop very quickly when...