This chart looks indecisive, the bias is to the upside. If it is going down, there's going to be a long struggle where price trades sideways for an extended period of time. From an elliot wave perspective, looks like it is due for a wave 5. BULL CASE Price to break farther up from here, retest the top of the channel and find a higher high. This could be a...
Is Biden going to drop Powel? That's the million dollar question. Inflation is on the verge of bursting out in the US, if that happens, we will see price break out of the channel to reach higher heights. Otherwise, a rejection at the top of the channel to remain status quo is set to play out. BEAR CASE Until proven otherwise, our bias is status quo, we are...
Hello guys According to last analysis about USDJPY we shown resistance zone and now the price is in it and it seems that is making a triangle and its ready to fall down We can be in position short with nice R/r and take profit until the 1st target and if the price can break the first target powerfully we can use our strategy for the second target And we check...
USDJPY (LONG)- If all the Support holds in place. If we see the support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDJPY (LONG)- If all the Support holds in place. If we see the support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY been slow over the last couple weeks consolidating at a major resistance area, but have now seen price slip off to the downside showing we could be in for a reversal or longer term pull back. All eyes will be on resistance area 113.500 that's where id ideally like to see a short from.
USDJPY (SHORT)- If all the Resistance holds in place. If we see the resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
Its that time of the year. USDJPY Short. The zone has been hit once. We are trying for a re-entry of that zone. Entry 113.080-113.300 Stop 113.400 T1 - 112.345 T2 - 111.553 We might not get there the way things are going but we are going to try to entry the momentum . Short term trade / Daily.
USDJPY (SHORT)- If all the Resistance holds in place. If we see the resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
Confluences listed: 1: Trendline breakout and close on the Daily timeframe 2: Change in market structure and new low has been formed 3: Break and close below support around the 113.3** area 4: Double Top Pattern Formation Summary: Entry will be taken during the NY session. The trade has a potential RR of 2: 1 or more, depending on how deep the pull back is next...
Hello Traders, Welcome to this analysis, we are looking at the USDJPY, the 1-hour timeframe. My trading strategy is based on the simplicity . Please don't forget to FOLLOW , LIKE and COMMENT . If you like my analysis. Thank you and Good Luck!
after the creation of W formation, we do expect the price will make correction at least to backtest the 38.2% FIB.
Price continues to trade in a range this week. We think that will continue into the rest of the year. The bearish engulfing candle is formed on the 4hr and more downside will come at the start of the week but the downside is capped by the 200MA. BEAR CASE Price dumps straight away from these levels. Our target is between 122 and 122.5 BULL CASE Price...
USDJPY (LONG)- If all the Support holds in place. If we see the support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDJPY (LONG)- If all the Support holds in place. If we see the support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDJPY (SHORT)- If all the Resistance holds in place. If we see the resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)
USDJPY (LONG)- If all the Support holds in place. If we see the support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS)