MY NEXTS IDEAS AND THE ENTRYS
The pair is currently trading within an ascending channel and trading almost near towards the upper (long-term bearish) trend line. Pair grew after significant fall since beginning of the week. US dollar strengthen supported by number of jobless claims. But we have witnessed the pressure on the upside for dollar to continue grow towards the expected level of...
Price has held steady at the green support zone and on the recent move up it seems to have broken the downward trend channel. Right now it has pulled back to the blue support line and i will be going long on this pullback
I THINK THE PAIR TAKE A CONSOLIDATION, THE USDJPY LOOK VERY EXHAUSTING FOR YOUR UPTREND IN THIS WEEK , IN THIS POINT I THINK THE PAIR TAKE CORRECTION TO SHORT BUT IN MY OPINION THIS CORRECTION DONT LOOK FOR A LONG TIME MAYBE THE PRICE TAKE 103.104 OR 102.60 AND IN THIS TIME FRAME I HOPE THE UJ GO UP FOR A FEW PIPS AND TAKE DE DOWN SIDE AND TAKE MAYBE 30 OR 60 PIPS...
Possible Butterfly pattern spotted on USDJPY pair. Any of next daily candles should close above 103.51ish, if a daily candle closes above this, the pattern is invalidated. Entries for short: Entry points: 103.91 and 104.45 SL: 105 TP1: 100, TP2: 95.50 Entries for long: Entry point: 95.50 SL: 94 TP1: 100 TP2: 102.96
Pivot Point Case: I have Daily Pivot Points, Fibonacci Style. Watching 30M, 1H, and 5M Charts. This would be for a scalp. TP would be around Pivot Point ("P" Line) or lower if trend strong enough. I just am observing a bear signal around R1, and as far as i can understand, trading Pivot Points properly requires being able to read how bars react around those...
UPDATE: THE UJ GO TO GOOD POINT TO SELL IN THE 1HR CHART THE RICE GO TO 100.30 GOOD LEVEL BUT THE PAIR TAKE A RESISTANCE AND THIS LEVEL DONT BREAK FOR MORE STRONG TO UPWARD, IN A FEW HOURS IF THE PRICE BREAK THE SUPPORT THE UJ GO BACK TO LOW LEVEL 100.00 IN THIS POINT ANY TIMES THE PRICE BOUNCE BUT IF INT THIS TIME BREAK THIS SUPPORT THE USDJPY MAYBE GO TO LEVELS...
I think now is a good level to buy. Bulls had first real breakout this evening, before Europe open. I think it's enough that the bulls could try and reverse things up long term. This is based on 240Chart Price Action.
Chart should be pretty clear. Taking a Long from support here if it breaks down I don't want to be involved with the threat of the BoJ intervention which would blow out every stop.
There are consecutive bull bars formed... which is a bull trend. This is the first significant bull leg in a while, and I'm thinking this leg will turn UJ into always-in Long. Yes, wide stop, but big reward for strong bulls. Good luck!
Instructions on the chart. GL! Waiting for a weekly close above 1363/65s or not...
Breakout of Range. NFP Bull Breakout Bar I think switched the market into always in long. We will see next week!