The Daily chart of USDJPY reveals not only the recovery from 104.450, but also the preceding decline from 112.416. As visible, it is a five-wave leading diagonal pattern, labeled (i)-(ii)-(iii)-(iv)-(v) in wave 1. The five sub-waves of wave (i) can be recognized, as well.
Ending diagonals form in the position of the first wave (A Or 1) of the larger sequence,...
Here is my analysis on USDJPY on the H1 charts.
As seen on the chart price is at the critical inflection point of the red trendline.
If we can get a strong price action confirmation signal then I will enter long.
If no confirmation no trade.
There are two possible outcomes: (1) Price will sell into the blue box from current levels and continue correcting between 107.00 - 109.00 or (2), we may be in the beginning of a 5 swing wave C. The possibility of sustained down side is supported by the fact that price is currently at a critical retracement (0.5 - 0.618) of my wave A. If price pushes through the...
As seen on the H1 charts for USDJPY.
Price broke through the green trend line in this rising wedge pattern.
Price is now retesting. Wait for confirmation and then enter.
Simple price action and technical analysis beats all.
This trade is on right now. Need to think up a
good name for this move cause it's a setup I'll be
using more and more in the future.
The red circle is the stop and the 1st target is
anywhere near the green circle below.
In USDJPY daily chart, the price formed a falling trendline since the beginning October 2018 and has since respected it very well for five times.
Price has again revisited the trendline and the bounce is very evident in the smaller timeframes.
It will be safe to open only sell orders around this zone unless the trendline get broken.
A major move to the downside was seen in USDJPY breaking the swing uptrend line and a key support. Downwards momentum has been developed, thus a short position was entered with 100 pips stop loss just around the previous swing high and a 140 pips profit target just around a previously identified key level. However, NFP data will be released later...
The price bounced off from a strong resistance level at around 108.949.
Price is also following a clear ascending channel. It may proceed downwards to the support line of the channel. Kindly take note of the dotted line 1 as it is a strong one too.
This is my Idea on USDJPY Im seeing a bullish break if we respect the .885 zone, if NOT we looking for a possible bearish break...All of this counting the right reversal patters (Feel free to leave a comment)
USDJPY has just completed a five-wave bullish Elliot Wave impulse move with ending diagonal pattern in wave (v).
According to the theory, a three-wave pullback in the opposite direction follows every impulse move.
In USDJPY's case, the impulsive breakout of the ending diagonal trendline signals the completion of the impulse and the start of the correction....
I See USDJPY has break a consolidation price. The main trend was Bearish, but there's a chance to rebound and make a new form of bullish. This scenario if you want to make short position at USDJPY. Stay safe with wise money management!
#USDJPY # EURUSD
Hello to all watching my charts
Today we have an outbreak Long in USDJPY
from the short trend since 12.7.19
Nice longsetup in my shorttime channelsytstem (Purple lines)
and break out is also to check as brake out of the middleterm
channel in blue since a few hors.
We have a political driven week...
If you want to...
So as you can see we expect USDJPY to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also in a strong institutional sell zone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en...