I have to give credit to Julian Brigden for this outline. So please look up his recent Blockworks interview on youtube. I am happy to further develop on his observation by pointing out that what he observed as a "crash pattern" is in fact a diamond reversal pattern. I enclose a comparison to what I consider the "classic" manifestation of a diamond reversal which...
USD-JPY was going down And the pair broke the Support level of 138.738 Which is now a resistance And I think the price Will go further down!
USDJPY – What's the intervention threshold? In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ's decision to maintain an extremely accommodative policy (a policy that is yet to change...
🔘Broke the structure on the 4H timeframe 🔘Broke the structure on the 1H timeframe (confirmation) If we break the market structure up on the hourly timeframe, we we'll go a little higher before drop, but if we break the red level on the 4H timeframe, the analysis becomes invalid🙅♂️
Here is my analysis for USDJPY on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is a short setup on UJ. There should be at the very least some sort of retracement to hit the targets, if not all of them. There is a safe entry and refined entry, depending if you want to wait for lower timeframe confirmations. #NFA Happy Trading! R2F
The chart ought to be self explanatory. (Should have cleared already that +400 pips to which the previous post - attached - eluded. :-)
I decided to short UJ here as the 4H shooting star at a re-tested area was a bearish enough signal for me to go short. Price has been making Lower Highs on 4H and daily chart. The bullish candles have been forming with a lot of indecision. This entry was taken based on the 4H close, as well as the 1H presenting a strong evening star at a Evening star re-test. My...
It can possibly retrace back to the 30 minute supply 138.499 and will continue to go down at 1 hour demand 134.946
#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken and the short-term POSITIVE SENTIMENT against the dollar. It came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway,...
Fair value Gap Intraday Bearish USD. waited for price to respect the Fair value gap left after a bearish run - short traders have now taken profits and are willing to short
OANDA:USDJPY USD JPY Prefect Rejected at Resistance Level.
USDJPY analysis Hey Friends Multiple analysis and chart patterns suggest fall to 127.20 - 125.80 is possible. Short positions with reasonable sl can make your investment double. work with risk management and trade your levels accordingly. Good luck
While the price is above the support, expect the price to break the triangle and move in a downward direction, and hit around 133 or above. If it breaks the pattern we got major support around 129.600-129.800 ❤️ If you find this helpful and want more FREE forecasts in Trading View Be sure to leave a comment; let us know how you see this opportunity and...
#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever...
Hello traders, USDJPY is setting up for a short term downside move watch mentioned potential area for a short position opportunity, if your strategy allow you to trade it. This is just analysis GOOD LUCK & GOOD TRADING
The US dollar has continued to face selling pressure following the collapse of Silicon Valley Bank, as traders bet that the Fed may pause their tightening cycle at next month's meeting. Whilst Fed fund futures imply a 60.5% chance of a 25bp hike (or 39.5% odds of a pause), this is quite a sudden chance considering the curve suggested ~80% chance of a 50bp hike...
Dear Traders, hope you are doing great so we have USDJPY which in previous setup it did not respect our entry as in setup but it is still within our zone which we think is an crucial area for price to reject from. Let's see how price behave next week!