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!! Looks like USDJPY is almost ready to go!
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...
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...
Hello traders,
this is my analysis for FX:USDJPY and the way I will operate.
Post your idea/analysis below for discussion.
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Currently OANDA:USDJPY has been moving in between a set band. Dividing band into lower and upper regions shows further pivots in between the band.
Here is a possible LONG setup with TP near mid band. Judging USD strength based on data today and tomorrow we can even be optimistic to reach the upper band limit.
Adjust SL to entry (at lower band level) after...
With the current bullish momentum on the USD, it is not wrong to say that nothing will stop this uptrend.
Price broke this level of resistance with that momentum and could continue to the previous highs at 111.700.
We'll be looking for long opportunities on the lower time frames.
Nice Buy Opportunity Is Presenting Itself With U$DJPY .... Ideal Trade Indicated On Chart... Preferably, Have A Tight SL Just In case It Decides To Continue With Its Push Down...
USDJPY is giving a positive signal for long position for the next 24-36 trading hours and I am expecting it to hit the resistance level of 110.70 within this period of time. As per my Renko strategy the green bar is above 10 MA and the OBV pointed up. RSI and Stochastic also rising from the oversold position upwards, which is a great confirmation for Buy. Stay tuned guys!
After reaching a local high at 111.67, UsdJpy has corrected 100 pips and now is trading at strong confluence support.
I expect a new leg up from this pair and only a drop under support would negate this scenario
#USDJPY
The market is moving in the bullish channel and now moving away from support.
So look out for buy move up to target zone.
The analysis is done in the H4 timeframe.
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
