On my view, its a bear turn at top and can make a major trend reversal at top. Risk reward is not so good, but probability is so nice. Trade safe. Good luck.
TLDR; Order placed at the last zone of major show of support, just under the last group of rising highs on the 5 minute chart. Target the extreme most recent high, trading for the market to break the higher levels and reach up to the highest supply zone level as the trade target, stop will be a hedge order, because we have 600 pips to the bottom if this pair is...
USDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 140.33 - 143.49 Support Area Price Action: The Bullish Pin Bar Signal that had formed on Tuesday, Oct 18th has now been invalidated. Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of...
The narrowing gap of real interest rates between U.S. and Japan pushes the pair higher, the next big level is 150. We could be in wave 4 currently and it could emerge as a triangle as the recent peak and trough did not exceed previous extremes. There is a beautiful uptrend.
USDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 141.49 Support Level Price Action: Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, members weekly newsletter). Potential Trade Idea: We are considering...
USDJPY – SPOT: Buying On Breakout Higher Of The Nose Of Ultra-Small Bullish Pin Bar Signal Price Action: Price formed an ultra-small Bullish Pin Bar Signal late last week. The recent Bearish Fakey + Small Pin Bar Setup that had formed on Monday, Oct 3rd failed (We did not consider trading this Setup). Potential Trade Idea 1: We are considering buying on a...
Fundamental Analysis: Japanese Prime Minister Fumio Kishida said on Tuesday. The government’s JPY13.2 trillion emergency relief package will help ease the pressure off households and companies from rising fuel and raw material costs. Additional quotes “The government will tap reserves set aside under the current fiscal year's budget to fund some of the measures...
USDJPY – SPOT: Buying On Breakout Of Bullish Pin Bar + Multiple Inside Bar (Combo Setup) Price Action: Price had been forming a Bullish Pin Bar + Multiple Inside Bar (Combo Setup) since late last week. Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August...
USDJPY – SPOT: Buying On Retracement Whilst Above Bullish Pin Bar Signal Price Action: Price formed a Bullish Pin Bar Signal overnight (We are not considering trading this signal). Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been...
USDJPY – SPOT: Buying On Breakout Of Inside Bar Pattern Price Action: Price formed an Inside Bar Pattern overnight. Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading the breakout of this pattern in the August 5th members' daily newsletter). Price moved higher from the Bullish Tailed Bar Signal that had formed...
USDJPY – SPOT: Inside Bar Pattern Breaks Higher Price Action: Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading this breakout of this pattern in the August 5th members' daily newsletter). Price moved higher from the Bullish Tailed Bar Signal that had formed early last week (We suggested trading this signal in the...
USDJPY – SPOT: Buying On A Retracement To Within The Range Of Bullish Multi-Bar Fakey Setup Price Action: Price moved lower from the Bearish Tailed Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it). Price moved briefly higher from the prior Bullish Pin Bar + Inside Bar (Combo Setup), before reversing back...
USDJPY – SPOT: Buying On A Retracement Within The Range Of Recent Inside Bar Breakout Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern). Price exploded higher from the Inside Bar Pattern that had formed early last week (We suggested buying on a breakout of this pattern in the July 13th, members' daily...
USDJPY – SPOT: Buying On Retracement Lower To Within The Range Of The Bullish Pin Bar Signal Price Action: Price moved slightly higher from the Bullish Pin Bar Signal that had formed early last week (We suggested trading this signal in the July 7th, members' daily newsletter). Price moved briefly higher from the recent Bullish Multi-Bar Fakey Setup that had...
USDJPY – SPOT: Price Moved Higher From Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup) Price Action: Price moved slightly higher from the two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week (We suggested trading this Setup in the June 13th, weekly commentary and hopefully some traders got on...
USDJPY – SPOT: Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup) Price Action: Price formed two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) late last week. Price exploded higher from the Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) that had formed around two weeks ago (We suggested trading this setup...
USDJPY – SPOT: Waiting For A Bullish Fakey Setup Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern). Price moved lower from the prior Bearish Pin Bar Signal that had formed early last week (We did not consider trading this signal). Potential Trade Idea: We are considering waiting to see if the current...
USDJPY – Buying A Breakout From Multiple Inside Bar Pattern Price Action: Price formed a Bullish Multi-Bar Fakey Setup late last week (yet to trigger). Price had been forming a Multiple Inside Bar Pattern since last Monday (We suggested trading this pattern in the May 6, daily newsletter). Price moved higher from the prior Bullish Multi-Bar Fakey Setup that...