USD/JPY M30 Triangle Breakout Signals Potential Downtrend
A bearish triangle pattern has emerged on the USD/JPY pair's M30 chart, hinting at a potential breakdown and further downward movement.
Key Points:
Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates a...
USDJPY can be shorted down to 146.345, overall trend is an uptrend however rsi is printing a level of overbought on 4h with a strong double top forming indicating a short term trend to the downside, priced has also slipped below the 14 SMA. Stop loss at 148.631 and tp at 146.345
USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 147.711 which is a pullback support.
Stop loss is at 146.900 which is a level that sits under a pullback support.
Take profit is between 149.400 and 149.749 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement...
Hello traders, as we take a look at USDJPY, we are in a strong bullish trend and we have a nice set up to get back in on this uptrend. Be sure to stay patient and use proper risk management.
USDJPY
Pivot 148.000
- If the price is higher than the pivot, Long target TP1 at 149.160, TP2 at 150.360
- If the price is lower than the pivot, short target TP1 at 147.230, TP2 at 146.150
***Please money management***
I am a scalper, but if you follow a swing/day trading approach, it is too early to go short and we need confirmation. If the market conditions meet my criteria for short positions, I will update you.
Dear reader,
I think that the charts speak for themselves, this paired with additional strength coming from fundamentals. Looking at the U.S. dollar (strong U.S. Market) higher yields stronger DXY day in day out, lack of stimulus from the JCB (Japanese Central Bank) I think the bigger picture is clear as water where this is going.
The peak below the support...
At a psychological level of 149.60 we can see a breaker block forming at the weekly timeframe which will be continuation of the bearish movement that have already broken structure of the weekly timeframe hoping to continue the move at 149.60
Hello Everyone,
The USD/JPY pair has recently rebounded from a 6-month low at 137.688 and a 3-month low at 140.254, indicating a gradual shift towards a bullish trend. Although the current status shows overbought conditions, a short-term dip should not be ruled out. Presently, the pair is trading above the weekly pivot point at 143.826, suggesting a potential...
Following a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Sell decision.
Hello Traders and welcome! Let's delve into USDJPY, highlighting an exciting trading opportunity. The price has recently surged above the breakout point of 146.379, signaling a significant move within the ascending triangle pattern. This breakout sets the stage for promising trading opportunities.
Targets for potential gains are as follows:
62%: 148.263
79%:...
On the H1 chart the trend started on Jan. 17 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 145.21
But we should not forget about SL = 148.53
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
Price is currently forming a head and shoulder pattern In H1 timeframe and this could lead to a shorterm bearish price action. I anticipate a drop to 146.000
Greetings fellow traders,
I extend my best wishes for a prosperous New Year to you all.
Allow me to share my analysis of the USDJPY market. As we can all observe, the pair is currently in a bullish trend, having exhibited the attributes of an impulsive 5-wave pattern. It seems we may be witnessing the conclusion of the last impulsive wave, assuming it is not...
