Price action shows an inverted W pattern. The US dollar may be looking to drop from last weeks rise. Apply low risk due to The US Iran tension.
Not much to do with this trade. Have been tracking when risk on would take profit and with SP topping near ATH's and with FED hinting less rate cuts than expected I am ready to sell. The 3 Slopes I Marked have been broken by the big red candle forming the lower LOW and breaking the 21 ema. Not much else to do with this trade. I fib'd the move and the...
W- Four weeks of consolidation zone broken, fifth-week candle closed above all the previous wicks. D- Bearish structure broken, new higher low and higher high have been formed. ( would it retest 38.20%?) 4h- 38.20% fib re-test. First TP : 107.664 Second TP : 108.187 Over all TP : 109.826 (300 pips)
Analysis team palced buy on USDJPY @107.880 with 2 intra day targets on 12th September, 2019: Tp1 @108.146 TP2 @108.288
FX:USDJPY UJ hitting supply zone and despite all roses and flowers for trade tensions, it still expected to retrace from here
Bulls eyeing that resistance on the H4. Multiple rejections at that price point due to Fibonnaci 61.8 retracement zone. If the resistance holds, may look for high probability sells.
Weekly chart says it all. Agrees with UJ Seasonality and USD devaluation.
FX:USDJPY Bull Divergence + intraday bullish view
Hello Traders Back with another tactical trade plan Today we take a closer look at USDJPY that has just broke out from an uptrend momentum. The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment. Here my entry point is based on the retracement on the break out point. If there is further...
FX:USDJPY The weekly looks solid for this week bullish sentiment, keep an eye on trade war news to ruin the bulls party
Don't think I would take this trade personally, but here is my bias for UJ.
UJ Long. Confluence with institutional support & fibonacci retracement and overall trend.