We are looking bearish on USDJPY, you can take short entry from current position and sell target is 106.80.
also 30MA cross with 100MA and Stochastic RSI are overbought. We have opportunity to get profit.
bear flag looking really bearish, market structure creating lower highs throughout and the trend has been touched over 3 times signalling a sell opportunity.
two ways to take this trade :
1. await the close and take the trade
2. await the retest for OTE (optimal trade entry)
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Here is my favorite pair to trade for this week. a great risk and reward laying on the bed (1:4). As you can see in the chart, 109.92 completely act as a great resistance, and sellers or winning the game . Next Technical stop is 107.55. Nothing more to say about it, just enjoy the ride.
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Keep your analysis clean and simple. Vision wise it gives you a better understanding and clear trading plan.
A technical break should bring a long way down for UJ to test support areas. Illustrated are the possible target levels.
USD Dollar finally starts feeling the hit of the FED's decisions
Markets worldwide are in a critical situation...
USDJPY remains bearish. On the 4 hour chart Ive laid out the next support levels and the current trading channel. Dont buy USDJPY untill the upper range breaks. Tell that moment it remains a sell with a stop about 15 pips above the upper range.
Use support levels as your take profit or as level to aim at a bounce back up.
On the 4 hour time frame for USDJPY it looks like it will go down a bit more to touch the support after that it might bounce up to the upper range.
Sell with take profit 111.15
From there buy with take profit 112.10
On the daily time frame for UsdJPy we see that it has been trading in a tight range for a while. Also we see
that the current candle is above the upper range. This is an indication of a possible break out. Since its the daily
time frame we need to wait till the end of the day and see if this candle still is above the upper range. If its not
then it could be a...
The USDJPY and DXY make some really technical stuff from yesterday to now. We are witnessing a pure technical retracement on both UJ & DXY. In the world of forex, things just don't go straight to the point they are going to. They will (most of the time) bounce between resistances, supports, FIB extensions and order blocks. This is basically what I'm...
USDJPY on the daily time frame seems to have entered a new down trend. You can see that the lower range of the previous uptrend has been broken and its now forming waves of the new down trend.
So what your now basically are seeing is the a blue print for the new trend. Since its now at the stop of it close to the upper range and the Stoch is very bearish its a...
On the daily time frame USDJPY is at a key resistance again. A rejection can lead to a down move to 111.50 and possible 109. Since the price is at a rejection we rather sell it and aim at a rejection while using a stop loss around 114.75. If the daily time frame closes above this level then the resistance is broken and we switch to a buy and aim at 118 over the...
USDJPY is a nice strong bullish wave and currently the candle is breaking the upper range. It still not to late to buy with a big target of 114 if you got the patience. If you more an intraday guy/girl then aim at 110.30