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
Hello guys, 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 signal for a changing trend ! D1 chart...
USDJPY Setup: HNS Confluence: CRS Confirmation Needed Price has to break neckline Entry: Buy @ 107.50, SL @ 106.70 (80 pips), TP @ 109.00 (150 pips)
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 SL 110.28 TP 111.49 RRR - 8.4 to 1 risk
On the 4hr chart a bullish butterfly has formed. Giving us an opportunity to buy. Look for an opportunity to buy. Cheers
Current we are having a small Gartly pattern on the hourly. And a bigger Gartly (possible) looking to form at 4hr. potential 140pips target
Last week I had suggested that what now is my wave 1 of III was my whole wave III. What if its only the start of wave III and we are up for a huge bull run? Very cautious on this until further confirmation, entry now at 1204.62 Tp 1 116.671 could def go beyond that tp, I've price action shows that we just initiated wave 3 of III I will probably be adding more...
small risk trade UJ has a gartley pattern. a-b leg didn't quite hit the 786.. trendline retest and also structure retest on higher time frames. 15-5 min head and shoulders. Play the head and shoulders for entry Goodluck
buy @115.184. Nice major weekly support below X for downside protection.
USDJPY has been in south range scenario over the most recent couple of months as it struggled with going underneath the equality level ( parity level:) The USDJPY has pushed above trend line resistance just yesterday @ 102.0 level which equals to more bullish possibility. Hang on tight 'cos higher we go!
USDJPY: 1. Price action immediately following BOJ this september was more than erratic but at the same time showed some consistency for those of you who can remember back to Julys performance - we moved instantly lower on the decision to 101 flat, before ripping 180pips higher to 102.8 to then lose most of the bids and trade back to the 101 base. 2. The BOJ...
$Yen - There is little impetus for this pair this week, with this recent rally likely part of the NFP report flushing out. - Nonetheless from here I maintain my bearish bias given the BOJ and JPN govts massive let downs I think USDJPY topside will struggle and we will move through 100 once the risk-off tone returns (which is likely once the equities rally/...
The Risky BOJ front run trade using CPI inferences - I find it very interesting that the BOJ is releasing ALL of its key economic data (minus GDP) before making the easing decision, especially as we have already had CPI data this month so we will have an 2 CPI releases in one month which ive never seen happen before (CPI from JPY is usually due next week). -...
50 Delta ATM Volatilities: USDJPY - - $Yen has an ATM implied volatility curve of 55.95%mrkt 24.08%1wk 18.31%2wk 14.12%1m - Obviously we are aggressively steeper in the front end, with BOJ tomorrow and JPY MOF Fiscal Package details coming next week providing heightened vol for the 1day and 1wk vols - naturally we then see the curve tail off as the event...