1. #USDJPY is above the last resistance
2. #USDJPY is between BB(3.2) & BB(1.61) + RSI is > 60 - Bullish
3. As per this setup - entry is around 110.11 , SL: 110.00. Target: 110.32
4. Risk:Reward = 1:2
Hello all we saw buy opportunity at USDJPY at 107.500
Our target is at 108.500 and 2nd target is 109.000
Make sure to put your Stop loss at 106.000
Good luck for coming week ✌️
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As I was expected in the previous published idea Price couldn't break the support zone.
A new valley just formed @103.60 higher than the previous valley @103.17.
A new uptrend is formed.
I buy and there is still time to enter with buy orders.
Targets are @105.45 and 106.40
I'm expecting a the US dollar to gain some strength this week, aganist the Japenese Yen. Looking for possible minor move to the upside followed by a retest, and then finally a huge move.
Reasons for USD strength:
1.) The yen was very strong last week, and if you look at other currency pairs that traded against the yen, you would notice huge directional moves.
Price has bounced off a very strong support line, is currently in an uptrend, no signs of bearish movement as of what I see now. Price is currently testing the 50% line on the Fibonacci, I'm going to place a buy stop @106.325 and ride it to 107.000
im actually expecting a bullish move today for the USD JPY wich is very strong this Week !
we have a beautiful pull&back on the H1 chart !
Actually im waiting for a strong move if the price react to the "symetrical triangle" i hope it will go to the 110.000 minimum or reach the 1.618 fibo (110.558)
For me no...
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