Technically the price break MA 20 and RSI already below 30 level since friday wich indicated a strong reversal, but according to bearish economic wave opinion this week, let's take advantage of momentum to short BUY.
Enjot the ride dont foreget to put on the seat belt.
USDJPY is firm a broadening top and after touch 136.70 twice,
It will be more possible to make a double top and break the pattern and drop strongly.
For less risk, you can wait for a break and after that can take position.
Neckline is around 134.50, So if you see the price under this level, possibly can see strong bearish move after that.
Good luck...
USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
USDJPY has been in a bullish trend since the start of the year as it is trading above the trendline and 50d SMA.
However, the trend looks pretty mature as RSI started to show bearish divergence and MACD is flattening. Is this the top?
The possible drop could be 129.000 and 130.000.
Let us know what do you think of the idea?
USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
Head & Shoulders formed as well a s double top, on top of that an ascending triangle breakout......HIGH downside probability.
Pls Like & Subscribe and Comment some encouragement.Thanks.
HELLO TRADERS!
As I posted before, USDJPY reached a mass psychology (135.179 area).
We also saw that this pair formed a double top (Reversal) at 136.500 area then a clear 1H bearish flag was formed and it was the first short entry.
When the price reached the first lower TL, we saw a formation of the second bearish flag on the 15 mins chart, and that was our...
Hello traders,
•This week USDJPY has approached a Bearish Orderblock on the monthly timeframe with the three swing highs formed on the 4hr timeframe which normally show a potential reversal.
•In addition to that, a Bearish order block was also formed yesterday on this zone. This bearish order block then pushed the price lower to break the market structure....
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 30 min 1H first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
Dear traders, USD/JPY is struggling to break the resistance level. As you can
see, bearish candlesticks have formed at the 4H chart.
I am expecting a decline in price of USD/JPY towards 132.50. I have already sold
at 134.90 and currently holding the sell with targets as indicated in the chart.
USDJPY Looking amazing!
The price reached a mass psychology at 135.179 area.
Since the price approached this area we saw an ascending channel / correction signaling a downside gravity.
If the price move higher, we will be waiting for the 147.728 area (Highest mass psychology) and execute the short from there.
WHAT IS THE CURRENT PLAN?
Will be waiting for...
Here you can see price took Pre Week high and seems like it's stopHunt, And right now it's creating AMD .
Below is EQL so price can hit there. Also US10Y is dropped, IMO USDJPY will follow it.
A clear formation of LH and LL can be seen on the chart. According to DOW theory, it shows the downtrend. So the price will likely move down in the coming hours.
