USDJPY 1D-TIMEFRAME ANALYSIS The elections idea
Hello ladies and gentlemen
This is my new idea for USDJPY of the upcoming movement
I think we are heading to big swings
But the important days for me are the day the winner is announced
Strong movement after the announcement
From there we will start the bull market
We reach the top at the end of the year
The price here turned out to be trading in a corrective structure to the upside, which was eventually broken to the downside, following the overall trend direction.
This is a nice potential opportunity for us as we are now waiting for the retest of its previous swing low. If we get a nice bearish rejection from there, i will be entering a sell position....
Hello my friends,
Before i start my USDJPY analysis, i wanna update regarding my XAUUSD buy position which i posted yesterday.
It is now floating +100 pips so better set your SL to entry now for a risk free position.
Let's continue with today USDJPY entry. I am...
The counter broke the resistance of 105.8 but was unable to sustain above it.
It has then encountered a strong sell-off and has broken a bullish trendline.
Hence, we expect the pair to be bearish in the near-term.
Hi all traders,
This is a video analysis on usdjpy.
As always, i have mentioned some of the important levels for traders to take note.
If it does happen, please trade safely and scalp some pips out of UJ.
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last week analysis was here, we were expecting it to move lower but instead it move up to hunt stop losses and to retest a big zone that we placed.
It never shift from bullish to bearish so no shorts were taken.
After breaking above 105.80 short-term resistance, UsdJpy stopped its ascent in 106.10 strong resistance and finished the week under 106.00 zone putting in a nice "evening star" candles formation on our daily chart.
I believe that we are in for a drop for this pair and a swing trade target can be 104.50
Expect USDJPY to continue the current bull trend until it reaches a key level at 107.05. At this point we'll have a regular flat and can begin looking for short entries.
Trade with risk management in mind and don't over expose your accounts.