As you see in 4h the ABC correction of elliott wave is over plus it has reached a support level and also we see a divergence in a downtrend RSI. whenever it breaks its downtrend line we may have a different trend however there is a strong resistance at 108.263 . IF price couldn’t break the resistance level , wait for it to fall and break the support level to the...
USDJPY Though the long term downtrend was imminent in USDJPY it has managed to bounce from 102.600 towards 111.00 level where it met some major resistance and started falling towards south.Series of Lower low and Lower high patterns are forming and forming clear downtrend channel.Currently the 5th Elliot wave is underway.The lower side trendline adnd 108.00...
After a strong bull run and a touch of 111, UsdJpy started to correct at the beginning of this month and dropped to 108 (Which is also Fibo 50% for the 105-111 leg up) The drop is contained in a flag pattern and this 108 could be the bottom I'm bullish this pair and I'm waiting for a buy confirmation
Welcome to our Trade Setups - April 19th ( USDJPY ) ! SELL USDJPY ENTRY LEVEL @ 108.268 SL @ 109.104 TP @ 106.596 Max Risk: 1% - 3%! Risk/Reward Ratio: 2 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
I think that price can continue growing and break this level. If this will happen, we can open long position and take next resistance (110.200) as a nearest target.
Overview - USD/JPY is trading in a small range over the last few days. However, it seems that a big move may happen very soon. Let us take a look at a low risk buy set-up. Analysis - From the chart, you can see that price is in a minor support area. It is also near the 100 period moving average on the 4-hour chart. Probable trade set-up - Based on this, a...
USDJPY - Buy Entry - H4 Chart Buy @ Beak of 109.960 Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading...
TP: The Green Line SL: The Red Line USDJPY is reacting to bottom of it's channel and moving averages also confirm the Trend!
Market Structure is there! There should be a lot of fuel for the run and we can wait for a break of structure to the upside to confirm it. 111.05 Level is an area of interest that is particularly interesting. My bias sorry bears the bulls are out to play. Comments are welcome! Have your say.
Overview - USD/JPY's bullish run since January this year has been quite phenomenal. Thanks to the combination of stronger US Dollar and a weak Japanese Yen( owing to strong equity market performance), USD/JPY has appreciated 8% in a span of just 3 months. However, it looks like UJ might be peaking Analysis - From the chart, you can see that price is moving...
Hi there, Impulsive move on USDJPY looks like its about to end, as the dxy is also preparing for a retracement, USDJPY can fall now to make correction from the last weeks move, to prepare for the next up movement. I will be looking for 106/107 area to start buying again, but for now look for sells, we are sitting on a weekly supply zone, a fall from here will...
Hi Traders, We are LONG on USDJPY since the start of the year. Price rallied and broke the structure, any BUY looks valid after 4h corrective structure. 700+ Trade for the next 2 months. Follow for more, and trade with care. Thank you!
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