USDJPY Daily Time Frame The range on USDJPY is narrowing. Aso the Stoch RSI is making a nice bullish crossover. As you can see the range shows a bit more room to the down side possible, but I doubt that it will go down alot. My advice: - Buy the Dips - If you have the equity start with a small buy position and be ready to add more every 80 pips
If you use Wave theory,the (C) is 105,6!
How to trade the Channel Buy Limit @108.60-108.65 Buy Limit @ 108.35 SL-108
We go long from here and book profit at 112.00. Lower time frame charts will be posted later to elaborate idea
When the Price hit 108.4,The AB=CD,we can try to buy
with gold breaking the 1255.xx handle we have unlocked 1300.xx and beyond in a fairly easy swoop. Smooth tides expected here as we see jpy appreciating much more as us10y paper starts to see buyers coming in. JPY running 0.2% cpi y/y with little to no wage growth....tracking like a hawk here, Q2 flows already getting in position. Congratulations to those who...
Hey guys, after missing the shorting opportunity on this pair yesterday price is now back to the bottom of the chart, testing the daily structure i've drawn (yellow box). A bat pattern is completing right there and it's in confluence with an AB=CD 1,618 pattern. Also, we have some nice clues on the RSI, that's in divergence (both in the daily and 1hr chart) and in...
Buy above 111.42. Stop loss at 110.60. Take profit at 112.85. Reason for the trading strategy (technically): Price has dropped perfectly to our inverse head and shoulder buying level as expected and we continue to expect a bullish move above 111.42 support (Fibonacci retracement, horizontal overlap support, neckline support) for a push up to 112.85 resistance...
Hi guys, USDJPY is forming a Flag Pattern on a daily and weekly timeframe. It was in an uptrends from 102.36 to 118.18 forming the pole of the flag and has retraced back 38% fibonacci level to a price of 111.363 which is a major support level. The stochastic rsi indicated that the retracement is complete and now the price is heading towards buy setup. Take...
looking for price to continue pushing upwards. since prices has closed above a long time trouble area
Here is the Weekly chart of the USDJPY with a nice test of the 200 SMA. Keep an eye on it for more upside as long as price can stay above the moving average
we broke the trend line, retest the trend line and now we are forming a flag in channel.
USDJPY is giving us great chances to go long, if it breaks and retest structure on lower timeframes. If not, setup is invalid. Don't forget to trade with proper RM/MM and caution. Good luck guys
Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
Quick little analysis I got together for how I think UJ will trend tonight and/or tomorrow.
potential shark, check smaller TF for any entry.