I always make sure I move my stop loss to entry point to cover the risk when I'm look at taking these aggressive moves. We should see further weakness from the yen which will push us higher on usdjpy and gbpjpy, but as always remember we can see a fast sell of at any time so be smart and don't just by any random pull back, make sure the price action is creating a...
USDJPY 1D-TIMEFRAME ANALYSIS The elections idea
Hello ladies and gentlemen
This is my new idea for USDJPY of the upcoming movement
I think we are heading to big swings
But the important days for me are the day the winner is announced
Strong movement after the announcement
From there we will start the bull market
We reach the top at the end of the year
After breaking above range's resistance and marking a new local high above 112, UsdJpy corrected and has confirmed the old resistance zone as support.
A new leg up followed and a new correction, just to mark a higher low and make 111.20 support.
At this moment the pair is trading just in short-term resistance given by last high and a break here can lead to...
USDJPY has given us another higher low followed by a bullish engulfing and a close above the EMA's
This seems like a highly probably situation for it to created a higher high
ALL GLORY BE TO THE MOST HIGH
SMILE AND GIVE THANKS
Just a bit of a look at how I trade these pairs when price is on a huge upside move. It can be very rewarding when you get entry's and straight into risk free but remember anything can happen and just cause price is looking so strong, we can get sell offs whenever... its better to be safe then lose.. risk amounts stay the same ALWAYS no matter how good a setup looks.
Price Created A Higher Low on The 4Hr TimeFrame which is in sync with the Higher Daily TimeFrame followed by a closed above the EMA's
Taking this to the next KEY ZONE marked
ALL GLORY BE TO THE MOST HIGH
USDJPY has been in a long uptrend on the higher time frames(Daily) and it just created a higher low.
Price has also closed above the EMA's followed by a crossing of the EMA's to uptrend
Now seens like a good spot to enter, taking this to the next key zone
As it can be inferred from the chart, price broke the bearish structure from the inception where we goa a shift in market structure (SMS), we see smart money active at that point
Now, we see BSL engineered by SM to initiate the bullish order flow continuation
We expect liquidity to be grabbed and we then expect price to come into the OB before...
this is my idea for FX:USDJPY .
Post your idea/analysis below for discussion.
Thank you all for your support.
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This is my current outlook on UJ.
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