The pair sure as hell took its sweet time, but here we are. Continuing from our previous post to take short positions and hold them, mostly based on the US + China trade war, and the less than impressive brexit progress (link below): Once the pair breaks through the trend line, sell on the pullback. Pragmatic traders can take profit in the 108.000-ish...
We are at a resistance at the moment! At smaller timeframes it looks like we could form a double top! Fundamental I have a bearish bias for USA. Also a great Risk Reward!
See the chart for the explanation. Hoping to see price break off of flag pattern to the upside for a correction rally
USDJPY: Intra- BULLISH TP: 109.4 - 150+ Pips #Forex @TradingView Point A: 107.5 Point B: 109 Point C: Entry - 107.85 Point D: TP - 109.4 SL - 107.2
USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView Point A: 110.67 Point B: 106.8 Point C: Entry - 108.47 Point D: TP - 105.73 SL - 109.1 I would not be surprised if price continues to the upside for more of a retracement BUT doesnt matter I would still look for price head to the downside for the actual main move.
USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView Point A: 110.67 Point B: 106.8 Point C: Entry - 108.47 Point D: TP - 105.73 SL - 109.1 I would not be surprised if price continues to the upside for more of a retracement BUT doesnt matter I would still look for price head to the downside for the actual main move.
USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow Point A LH: 109.9 Bearish Wick Point B LL: 107.9 Bearish Wick Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of...
USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow Point A LH: 109.9 Bearish Wick Point B LL: 107.9 Bearish Wick Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of...
USDJPY has been travelling in a (BLUE) descending channel and has also been following and testing a (BLACK) descending trend line multiple times inside of the channel. Price on the daily chart made a sharp move upwards yesterday breaking above the previous resistance zone (now support) and also the black trend line. Depending on the closure of today's candle we...
USDJPY HAS BEEN TRAVELLINNG IN AN ASCENDING CHANNNEL EVER SINCE THE LARGE DROP ON ALL FX PAIRS, HOWEVER IT RECENTLY BROKE BELOW IT AND CLOSED. WE EXPECT PRICE TO RETEST THE CHANNEL (WHERE PRICE IS AT NOW) BEFORE DROPPING TO THE -0.27 EXTENSION...
USDJPY has been travelling in an ascending channel ever since the large drop on all the fx pairs. At the moment , price is at the bottom of the channel and also the 0.618 retracement level of the previous wave upwards. ALL signs are indicating a move up to the TP which is -.027 extension level. IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
USDJPY, Ever since the extremely large drop on mist fx pairs, USDJPY has pretty much just been travelling in an ascending channel with a few false breakouts here and there.Price is at the . bottom of the channel now and has made a higher high (broken resistance, indicating a movement to the top of the channel again
USDJPY touched the bottom of the channel it has been travelling in for a long time, our FREE signal members were sent this trade as a buy stop above the previous LH. 20 pips profit already and running....
USD JPY , is about to explode for one of the directions! We can see that we are consolidating around 109.831-110.00. At this moment a clean break of the trend line will take us to 110.350 or even 110.600. However a daily break of 109.70 can take us to the lows of 109.050. This is a trade that you do not want to miss! All of the best Trading Protection
After hitting the Resistance level of 113,650 a few times without a good breakout we could see a drop to the first Support level of 113,200. If that level won't hold we could see a further drop to around 112,600. Our last target is 112,275. Entry: 113,625 TP1: 113,200 TP2: 112,600 TP3: 112,275 Goodluck and follow me for more analysis!
Is USDJPY diving back down to 112.600 area to grab some liquidity, only to return back North again/ Looking left at the chart on a 4hr this can be seen many times. Busy day today & tomorrow fundamental wise, let's see if this 112.600 holds, could be a possibility of a break down to 112.450 for a stop hunt before positive news takes affect...