USDJPY made a huge drop with JPY's strenghtening. adding to this we couldn't see something useful for USD to get its strength back on game and carry this little fella back to 113.000 band. USDJPY might retest it's fibbo level around 112.40 band and will continue it's drop. 2018 will be YEN year..
Based on Resistance, 200 MA bounce and price being at a top of a channel, and a compilation of ABCD pattern I believe USDJPY will be going south. Lets see what happens. Happy monday everyone!!!
Validated confluences 1.Support broken resistance validated 2.Trendline broken on daily timeframe 3.Opposing level breached by short sellers (109.000-broken) 4.Profit margin 1:7 5.Strong rally up to sell zone
it seems after while the price will not have the power to go up keep watching and I think the price will break that level soon but it depends on pending orders would be on that level too, will find out soon
Selling USDJPY @ 111.75 with a 100 pip stop Targeting 109 ab=cd and a 618 fib there..
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
Go short on USDJPY @ Point D Completion on the Cyper Pattern @ 60 Stop loss: 111.400 Profit: target 1:111.136 target 2:111.050 target 3:110.989
The pair forming a 100 pips range between 113 and 114 Range entry strategy Long at the bottom and short at the top of the range Long entry valid around 113 @ ST support Short entry valid around 114 @ ST resistance Stop outside the extreme zones
Looking to short? Put your stop loss. Happy new year. May the pips be with you :) Price at H1 resistance. Seems like there is a supply zone.
Short it if you dare. Please place your stop loss as indicated.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron