UJ finally broke out of painfully long consolidation, looking for a slight pullback or flagging structure to go long.
USDJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall this pair is extremely bullish and overextended. We can spot 2 potential long scenarios based on current price action. Either buy off a bounce off support at 108.425 or buy after a confirmed reversal near our 38.2% fib level. Trade scenario 2: For now...
UJ has been in a strong uptrend for a while, as predicted in my previous idea. The price is currently ranging in a bullish flag and we can expect to break to the upside. Possible entries would be around the retest of that break.
Hi Tradingview Keeping it simple, as you can see we've reached the top of the channel with clear signs of rejection, NFP could be the catalyst we're looking for to fuel this trade to the downside. Entries upon LH's, thereafter on pullback's in London - NY sessions. All the best
As we all know, a couple of weeks back UJ created an "Inverted Head & Shoulders" and has broken structure to the upside creating what we currently have, a bullish trend. it has already made its new higher highs and higher lows so I'm expecting once again ANOTHER retracement into my zone drawn at the past higher high, a rejection from the zone, then a long term...
Bearish Diverence; Resistance channel reached, retracement expected.
Bearish Expanding Triangle pattern has formed. Looking to short for the time being. Please let me know your thoughts?
FX:USDJPY CONFLUENCES: - Elliot wave 5th leg - rejection of psychological level (105.000) - Rejection of 71% fib level - Targeting 106.45 psychological area - Bullish market structure confirmed by EMA crossover
currently in a 2day PFH.. bright green line is a sell stop in case in doesnt want to retrace to the golden zone. tp's are the following green line - can be good lines as well.
Strength in dollar has been increasing steadily, I'm also noticing UJ is recovering major key levels as well. More bullish sentiment is coming into play and transitioning from a bearish one.
Head and Shoulders on the 4HR on UJ. With DXY tanking and the dollar reacting accordingly I see this going all the way down to the Head area. It keeps breaking previous lows and every pump fails to break highs. Let me know what you guys think about this and if it will fall for a long time or is it time to watch out for a reversal.
Uj has been bearish over the last couple of weeks but the bearish pressure has been easing Its good to notice that the bearish momentum has broken through key levels but projecting forward I expect bullish opportunities to emerge Please follow for more updates and technical analysis