We finally broke out of the ascending structure after non-stop liquidity grabbing. Hopefully, the price has captured enough buyers and sellers to make the next solid move either way. My bias is bearish, I would like to see a slight retracement before continuing into the previous low as illustrated. What do you think of this chart?
This pair is ready to fall out of the sky if you look at it from a money distribution perspective. I assume the last run of liquidity was to capture orders from the demand area, now we have collected them, we can collapse to the downside. I will be looking for slight pullbacks before I get involved in shorts. What are your thoughts on this analysis, comment below.
The dollar yen has been trading in a random walker manner for the longest time. There is now enough longs that are positioned for the market makers to liquidate and profit from. Just look at the number of tendies on the chart! BEAR CASE There are several levels on the chart that can provide short term relief for the downwards move but we are ultimately targeting...
Market Recently. cashout retail trader money . now market push down again .
Just as our last analysis stated, we saw the sharp drop on this pair on Friday last week. Coming into this week, price traded into a daily level of support and started showing some rejections. And so with the impact of the current USD news, the dollar became strong. Now, we see bullish momentum stepping in to push price. As we have broken out of the recent...
The price seems to fluctuate in the same range. I think it'll be neutral in this week ... let's what will happen ...
Although we are in an uptrend, we see this pair not presenting any strong bounce from this level. We could see price crack below it, give us room for sells. We're waiting for either of these to set up. Either a clear bullish bounce from this level or a break below the level.
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...
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...
In the chart, USDJPY has breakout its descending trend line which indicates the more uptrend. Follow Monday bullish candle if occurred.
Usd/Jpy H2 Buy for long ..............................................................................
Hello everyone, this is my setup for USDJPY, it was long time in uptrend then we break from it we started doing downtrend and we are breaking from it. On my Idea u can see where will be my entry, I will look for buys in the zone or close to zone.
usdjpy short : Reasons : 1)nice pattern trend 2)came to the resistance level and broke out 3)my ema lines crosses(mainly yellow line) risk/reward : 11.01 take profit : green line entry point : now(blue line) stop loss : red line
After making a high around 112 at the beginning of July, UsdJpy has started to drop. The drop is clearly corrective in nature and is contained in a flag pattern. 2 days ago a bullish engulfing candlestick pattern has formed and this can be an indication of a bottom. I;m bullish as long as the price is above 108.75 and buy dips is my strategy
With the dollar gaining strength in recent days, we have seen this pair push strongly to the upside. Now price is trying to break a key level of resistance. For us to look for longs, we want this break to be clear and then a pullback to put us in. We wait patiently for this to set up so as to join the trend.
#USDJPY the market has previously strongly rejected from this area. Agin at the same support level I am seeing bullish pressure. So look for buy move.
The USDJPY is forming a correctional trend towards its major channel. After crossing the MA 144 in a 1H time frame, it moves to the price range of 110.30. 110.30 is a price range in a 4H time frame. Dear Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad