USDJPY current trading paterns are clearly pointing in the direction of a long
That is why I am bullsih on the USDJPY pair
And I think it will go up
Like and subscribe and comment my ideas if you like them!
Price broke out of the ascending correction and made an ABC correction and now we are about to move down.
On lower timeframe we're waiting for a retest of a minor structure level before moving down.
Goodluck and trade safe!
The price is in a sideways movement - accumulation, after exiting the ascending price channel. I'm waiting for a false breakdown of resistance and a fall to the level of 109.7
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Overall, USD/JPY is ranging across.
Bank of Japan Governor Kuroda will be speaking later at 1530 (GMT+8). During this time, there may be volatility in JPY.
Currently, USD/JPY is moving down towards the key level of 110. Its next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for selling opportunities of USD/JPY if it breaks below...
Hope you all are doing good!!
I expect UJ to complete the correction and go down to complete bigger correction.
Look for SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk...
Hello Traders! Check Related Idea for market context!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
According to 4H downtrend, PRZ, and 50 EMA of USDJPY chart we have short position potential with following TP/SL:
Notice: In half way of SL (when stop loss area Proceeds 50%) (HERE IS 110.6) you can double your size and put TP/SL as bellow:
****Don't forget about money management****
Wish you Profit and success
27 - July - 2021
USD JPY SHORT
Trade it based on what market will do next hours
I used 100 MA and 3 MA to define the trend on daily chart.
I used fibs from lowest point after trend changed to see the levels
On daily/ weekly/ monthly chart I identify " Bearish Harami " that indicate me a possibility of trend change .
Bearish scenario :
I aim for the...
You can see the intersection of speed fans marked by red dotted cross. I think we will get good momentum at that time, it's a good mark, when the movement may change. See below for cautiously bullish bias.
Price broke below ascending trendline support, now resistance. A further drop below our entry and 38.2% Fibonacci retracement at 110.419 towards graphical swing low and graphical support zone at 110.034 could be expected. RSI is also reacting below resistance where price pulled back in the past and we see bearish divergence as well.
Any opinions, news, research,...
Trend power: -2
Overbought/Oversold : absent
Preferable trade direction : sell
Sell near 1,1840 with a stop loss above 1,1860 and a take profit near 1,1780.
Sell near 1,1880 with a stop loss above 1,1910 and a take profit near 1,1820.
Buy near 1,1770 with a stop loss above 1,1740 and a take profit near...
Price is approaching pivot level of 110.016, which is in line with 161.8% Fibonacci extension level & horizontal swing low support. A reversal from this level may see price take resistance at price 110.816. This level coincides with -27.2% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing high resistance. Finally, we...
Overall, USD/JPY is ranging across.
The Japanese Flash Manufacturing PMI data (Actual: 52.2, Forecast: TBA, Previous: 52.4 revised from 51.3) released earlier today indicated continued expansion in the manufacturing sector in July at around the same pace as the previous month.
Currently, USD/JPY is moving towards the resistance zone of 110.800 and the next...