If you know me then you also know Red is monthly fib, Weekly fib in blue and short term in Pink. You see gray fib, that's a big support, resistance whatever you want to say but that's the zone to look for. Let's not fight the trend yet, it has gone fast to 131.85 and stalls there and everything tells me that it is way up to the trend line at 132-133. Now short...
EURJYP and the others mayor pairs against the JPY have broken the downtrend from 2008. EURJPY is forming a bullish flag and is highly probable that the price breaks out and continues its uptrend. I marked up the resistance levels to take partial profits. I'm planning to hold this trade for months since is a high timeframe but with big moves. If the price breaks...
Price is moving in the channel long position within the channel and short position will work after breakout.
The Japanese Yen strengthened against the US Dollar for a second week, with USD/JPY slicing below its 50-day Simple Moving Average (SMA) in the process. This comes after the pair rose to its highest level since January 2017 earlier this month. The formation of a Bearish Engulfing Candlestick on the weekly chart sent a signal to Yen bulls last week. That, along...
2H Chart (Candlestick Closed Above Level) 4H Chart (Bullish Engulfing Candlestick) Watch For Bullish Price Action Signals At The Support Levels. Watch for signals at the EMA 10 Level, EMA 20 Level, Trend Line Level, and Horizontal Line Level.
USDJPY. If price closes above 114.970, then watch for a bullish price action signal on the retest.
Description as shown in the charts. Do show your support by liking and following if my ideas were helpful : ) Feel free to leave your thoughts and comments below ~
Moving similar to GBPJPY I'm looking for a pull back then possible long trades for a continuation move higher.
if you look at CHART on the circle where the heart is, you will notice there is also a buyers trap because it wicked back 40 pips that was the highest point the market went recently. then you can see the next 2 days it came up and it never hit that highest point again. then it got exhausted at 148.984 and it just dropped. it has been a lot of sellers at the...
CHFJPY. Yen Pairs are showing strength. So I decided to enter short positions with a trailing stop loss.
See the charts below in how I entered on a retest of the diagonal trend line. In this process, I am trailing my stop loss.
U/J showing signs of reversal (15m-30m) towards the downside, as price has reached a level of resistance and shows sign of dying momentum at the peak. RSI revealing divergence a great sign of price reversal Will enter for a Short position when MA cross and SARS are indicated above candlestick confirming bearish trend. DYOR NOT FINANCIAL ADVICE Comment thoughts...
HELLO TRADERS, Quick Overview of USDJPY> After a Bullish run to the 112 handle last week, we are expecting a potential bearish correction to the downside to complete a Bull flag formation. KEY RESISTANCE 111.400/600 AREA OANDA:USDJPY POTENTIAL BULL FLAG FORMATION UNDERWAY Always trade only with what you are willing to lose. The Trading Regime.
This pair is just as crucial to watch out for just as GJ and UJ, as they all will majorly depend on how Japanese yen move in the coming days. As we all know whats going on with the Evergrande situation, if they say anything about defaulting on their current debt, investors will look toward putting their money in jpy as it is considered a save haven during...
EURJPY Pin Bar and Pennant Technical Chart Pattern
FX:EURJPY EURJPY is on consolidation, you have to wait, if the candle H4 break for next confirmation
The price hit the resistance and got pullback by candle bearish engulfing form, wait for the next confirmation before we place any trade, if the next candle make a bearish continuation structure then we can entry short for USDJPY
Looking for price to initially push up and to reverse in anticipated direction