In a 240-minute chart, the Ending Diagonal pattern is formed, there is a scenario that a strong uptrend will be formed according to this pattern. As it has been shown in the picture, the target of this pattern is in the range of 109.85, and the loss limit will be 103.52. Daily time frame analysis and the general trend will be determined soon
We have seen a breakout upward in the continuation of long term upward trend as the ascending triangle has been broke thus a upward move is expected. If you do like the idea like and comment down whether you agree or not and do follow me Note this is not a trading advice and I am wrong100%
Previous post of USD will hit the 109.347 Correction is happening towards the US markets. Dow Jones lose 1200 points while stocks fell for the six(6) straight days. On 12th Feb equities peaked. Dow Jones fell around 10%. The selling almost equal like S&P500 and Nasdaq. On the other hand, Yen and Franc has been main beneficiaries of risk aversion. Investors...
The recent positive headlines on the trade war has sparked outflows from safe haven assets. This provides a good opportunity to short the USDJPY after the rally in the daily chart.
Breakout is due very soon! Lower trendline is more powerful indicating we may see a bullish breakout. Wait for confirmation before pulling the trigger.
Pair: USDJPY Prediction: SELL 113.500
What do you think guys? my second idea.
Buy near USD/JPY 111.35 S/L: 110.73 T/P: 113.669 The price made pull beak to key buy zone. Also, there is the upward line which shows us that big players want to move currency rate up. P.S. Send it to your friend if you like It, please.
Intro: USDJPY is seeing some really strong resistance, good opportunity to get into a short trade. Sell below 106.47. Stop loss at 107.34. Take profit at 104.77. Reason for the trading strategy (technically): Price is seeing strong resistance at 106.47 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, descending resistance) and a...
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I believe that retest of Upward trend line will occur, and UJ will stay within channel and post a new high.
Hi Traders ! This setup of USDJPY is just for short term traders, after strong upward move, this pair needs to be retraced . Retracement might take place from the Blue Marked zone. Thanks
Buy above 110.25. Stop loss at 110.03. Take profit at 111.15. Reason for the trading strategy (technically): Price has shot down and reached our profit target perfectly. We prepare to buy above major support at 110.25 (Fibonacci extension, horizontal swing low support) for a push up to at least 111.15 resistance (Fibonacci retracement, horizontal overlap...
My other view USD/JPY after breakout in time frame D1. Thanks
Hi guys , After strong upward move USDJPY is looking for retracement. I am not telling that this trade will sustain for a long term because over all trend for the pair is upward. but For Short term you can jump into the trade thanks .
I see a new high has been made extending past the kneckline of double bottom I see a possible retest of the channel support. EMAs still show a steady upward trend. I wouldnt call short until we see this retest has succeeded. If it fails we could see new highs. my Target is around 117.5 long. Im going to wait and see for any shorts. too early to say imo
Sell below 114.07. Stop loss at 114.77. Take profit at 112.90. Reason for the trading strategy (technically): Price continues to drop nicely from our selling area. We remain bearish below 140.07 resistance (Fibonacci retracement, horizontal overlap resistance). We also tighten our stop loss to 114.77 to protect our profits. Profit target is at 112.90 support...