We are in uncharted territory now but if we break 111.640 successfully, I will place a short position. IF we break above 113.136 we might face a short term bullish trend which I will NOT trade.
Entry: 110.663 Target: 111.401 Stop Loss: 110.006
Sell below 110.29. Stop loss at 111.29. Take profit at 108.54. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target. We are now seeing a bounce and price approaching major resistance at 110.29 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur from this...
LETS SEE HOW IT GOES. ITS A SHORT TRADE ABOUT 40 PIPS
Consolidation forming beetwen the 0.50 and 0.618 Fibonacci, i will wait a break of one of the resistance, feel free to take ideas but as always be carefully and trade with your own mind ;)
The last candle closed with a major rejection of the trendline that has proven to be an area of resistance. This could be a good opportunity for a sell, however price is also at a smaller support trendline (in blue). With this in mind, it may be better to wait for price to be rejected by this line and then short at a higher price. The bias for this wedge is to...
A better risk-reward trade setup is to wait for the price to reach 110.00 and a good buy opportunity awaits. SL @ 108.81 Buy limit @ 110.00 TP @ 114.90 Alternative trade would be SL @ 116.52 Sell limit @ 114.95 TP @ 1
Sell below 114.56. Stop loss at 114.95. Take profit at 113.22. Reason for the trading strategy (technically): We look to sell at 114.56 resistance (Fibonacci retracement, Fibonacci projection) for a push down to 113.22 support (Fibonacci retracement, horizontal support). Stochastic (21,5,3) is seeing major resistance below the 94% level and also displays bearish...
Entry point if break the line, target 118.300-118.610 in 1hr Double bottom in 1hr timeframe.
I hope it is helpful. let's win or lose together Ha ha ha thxx
After the BOJ decided to keep policy on hold, it appears that UJ has gone back up to resistance territory, if it can manage to surpass 118.5 the next target for UJ will be 120. s3.amazonaws.com
Short Up to 104.50 Tgt 102.15 & 98.55 Stop loss 105.70
Here is UJ in a Channel and with the expected Speed based on last impulses
This is where I expect the price to be heading, However I am not in a active trade yet, look for Bullish positions intraday toward the bullish side of UJ until this level. unless anything unexpected happens with BOJ or the Fed.
Last nights breakout had 4 retests I made 40 pips.I was able to draw new trend lines. From what it looks to me if it breaks the bottom trend line then it could be going down to complete the double top. If it stays between the 2 trend lines it looks like a triangle breakout. So just wait for a retest and buy or sell.
USDJPY has been in a bearish channel since the start of 2016. Now finding itself with a tightening of the channel due to a strong level of support from the 100.000 price level. If the bearish momentum continues there could be a breakout under the 100.000 price level. If 100.000 continues to act as strong support, there could be a potential bullish breakout....