Good risk to reward ratio on USDJPY if/when prices were to return to supply level.
Technicals -Short term swing trading. -Possible deathcross and breaching 200EMA. -Looks like price action will cover gap. -109.7 support level to be soon tested which is located near the uptrend line. Economics P.O.V (Mid-Long Term Analysis -Inflation is picking up in Japan -Trump wants cheap USD -Fed slowing down on rate hikes. -Japan might get out of...
According to my oscillators dollar will move down.
Just my Idea on this trade. Im allready in with 1 position and I think I'm gonna ad another one. I like to hold trades for a longer time. My target is the 103. area but we'll see, as there are a few support levels ahead.
Check the chart, this is a very early analysis therefore I wouldn't trade it unless confirmation from other indicators, especially as Trump news is everywhere you look!
I'm seeing a bearish cypher forming on UJ at the moment.
Trump and Comey news has caused dollar to tank. But I believe the USDJPY will bounce off current support to head back to the upside to try the 115 area again.
I have been interested in going long the Japanese Yen futures contract since the completion of the large Bullish Cypher pattern (I first saw this idea by @TradingJazz on USDJPY, his original idea is linked below). I got picked up on a long at .8811 last night but took my small profit when it seemed it was heading back down after making a lower high. I am now...
Happy SunDay to you traders. Looks like we have a nice Long FiB Ladder forming. Have a RenkoFull week and god bless...Make that money!!!!!
Hello Traders, At the end of the month I like to do some monthly candlestick analysis and look at how the month closed and to get a better feel for the longer term perspective. Technically the yen looks poised for further gains since closing below the previous month's lows. I use depending on the asset class the 10 EMA or 20 EMA on the Monthly Charts to...
Fellas. Eurjpy has seen quite a bit of resistance after climbing for quite a while. This area could be the start of a correction before reaching 134-137 area. initially we are aiming for 400+ pips. then From 118 to 134 we can expect at least 1400+ pips. and finally when the weekly correction is done there we will see anywhere between 600-1000+ pips
Although Yen has broken the 1H ascending channel down, the short term support level at 113.65 is still in tact - but looks very heavy here with lots of lower highs - but this all means nothing before the CPI figures come out. I'll wait for the US CPI news in a few hours for a longer term long position either from the prior high support at 113.00 (which i really...
Hey guys. So here is a harmonic pattern in the works.. this is a huge weekly pattern. you can pretty much ride it to the sell area 134-137. From there we will see a (insert Donald Trump voice here) HUGE down ward correction. Thus completing the pattern. Keep this one in the back of your head. either ride this bad boy to the top and then sell or wait for it and...
Seeing that this pair has been overextended for quite a while now on the daily time-frame, i feel safe to place a short position with my stop loss right above the 124.000 price level with Fib retracement TP levels. 1) 4hr Divergence- Loss of momentum/bulls failed to carry prices above 124.000 for a HH 2) 124.000- strong reference point for bears, take profit...
Pair showed a breakout of the hourly bullish trend. In daily frames, we have a bullish structure. So we can expect some bearish movements till 82,1(aprox), wich coincides with support level and 61,8 of fibo retracement. Then, if price stops, we will see another bullish scenario.
Head and Shoulder not completed, so wait til next structure. EURJPY BULL Pressure for a while, following YEN bullish hungry, correlated with USDJPY and GBPJPY. Follow lines to short and long positions. Have a good Trading week!