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Analysis on #USDJPY
The market is at a structure support level, also the resistance trendline got rejected at 111.00, waiting for a confirmation to get in a sell trade.
Check today analysis below⠀
>>“There is no single market secret to...
1• As you can see USD/JPY is on high value area for sell with forming a double top .
2• And at smaller 1hr time frame shows a risk entry by breaking the high and getting people caught on the wrong side of the market and then moving downside.
3• Enter The trade with 20 pips stop loss.
So looking a great trade overall 🤠.
Are you short on USD/JPY ?
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The full description is drawn on the chart 📈📉
Risk Management and Insurance: * Always risk 1% per trade, no more!
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In this analysis, I am sharing about USDJPY.
Looks like AUDCAD is moving up in a parallel channel. If, we see an upside rejection at mentioned level, take a long position.
If it breaks the parallel channel, short it.. it will be very rewarding.
Follow proper risk management.
I am new to TradingView So, Do support me and share your views in the comment...
USDJPY is going for its C wave in bigger picture and inside C wave its going to start 3rd wave as it seems like a pattern of 5-3-5 will possibly be a potential short trade ..fingers crossed
keep trading, keep liking ,keep making profits..Best of luck
USDJPY Is At AN Interesting Level Here, It's Retesting A Very Strong Resistance At These Levels. Unless We have A Good Amount Of Buyers Coming In I Just Don't Se It Breaking This Levels Before Making A Slight Push Down. Ideal Trade Indicated On Chart With SL Slightly Above The Higher High That It Created. If It Hits This Levels Its Probably A Fake Out or Maybe...
Although much analysis shows a bullish US dollar, the Ninja price action shows some fatigue getting close to a strong resistance level.
Additional, checking on DXY daily candles yesterday, it closed with a solid bearish candle forming a tweezer top pattern, unable to break the 90.30 handle for a potential pullback confirmation.
Let's wait for confirmation once...
Looking at current price action SND zones and notice that we have a nice 4H zone below (demand) and a 1H zone above (supply) currently associated price action. I am looking for the price to react off of these zones or pass through a zone (creating a swap zone) and then take advantage of the opportunity that presents itself.