The price had broken, no need to fear! This is an Entry of The Year! Wait for a retest and make anything you want! good luck!
Hello traders ,what do you think about USDJPY ?This currency pair has broken its long-term trend line and has made a pullback. After a little fluctuation in this area, it is expected to drop to the specified targets. If this post was useful to you, do not forget to like and comment.❤️
The USDJPY currency pair has formed a rising wedge pattern and breached below the trendline. Anticipate a significant decline in the days ahead. Take profit (TP) and stop loss (SL) levels have been delineated accordingly. Exercise caution against excessive risk-taking and consistently adhere to prudent risk management principles.
USDJPY: On the daily time frame, after hitting the middle line of the horizontal white channel, it cannot return to its upward purple channel. Therefore, it can hunt for twin ceiling after collecting liquidity. If it turns, it will most likely lose its last support and enter a long-term downtrend
There is a greab daily OB , where i need hourly confirmations for entries. Fisrt thing is to see a hourly ChoCh on the yellow live level with a great impulsive move upwards. There is a scenario to see a ranging market before the break but ia a must to be aggressive. After that we will try to fing an entry on the FVG's of the previouw move.
As we see on 4 hour timeframe trendline broken to downside. After some retrace USDJPY can drop more to 145-146 price levels.
In this bearish example, we see that the price opened at the close of the previous Daily candle. Price normal mitigates/manipulates into a point of interest created in the previous day. Price will then move down as we are bearish.
Our first entry successfully hit above 500 pips, now there is possible second entry on UJ, as price has left strong bullish candle. Now, possible second wave of bullish can start from the marked area of reversal. This can be a huge swing trade on UJ taking price to 152-155 region.
Preferred direction: BUY Comment: Despite the local strengthening of the Japanese yen , this currency pair is still considered more favorable to the buyer, especially in the long term. All events within the specified prospects will develop around level 150 and above. As for shorter-term prospects, it is also unlikely that the instrument will go down towards...
Hello traders. This is my trade idea on USDJPY. It is taken on the 5m timeframe and I may scalp it to 148.116 while another area I might take profits from is 148.298, third tp being at 148.605. The reason why I do not plan to hold this for a long time is because of the upcoming NFP news.
USDJPY showing bullish strength after a strong bearish trend, buy on breakout for confirmation.
**Monthly Chart** USDJPY broke the high of August 1998 and moved higher in Oct 2022 which created a new swing high at around 150 level before drifting lower. This created a new strong level since then and the price was unable to break above it. Additionally, the price created a new MC in Nov 2023 and the price moved towards it and currently testing it. **Weekly...
USDJPY Pivot 148.500 - If the price is higher than the pivot, Long target TP1 at 149.390, TP2 at 150.520, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 147.740, TP2 at 146.880, cut loss if the price is higher than the pivot. ***Please money management***
Daily - Market is indicating a reversal with an early Double Top - We expect the market to eliminate early sellers before shooting down EW - 3 waves completed, waiting for wave 4 to complete and shoot for wave 5 4H - BoS, Liquidity and POI outstanding - We can wait for the market to collect liquidity and reverse at MTG-Flip (wave 4)
Using same OCE Method as Yesterday. Im loving it so far getting really good entries. And it Allows for some flexibility since your entry does not have to be the most precise to get into a position. Going for a 1:1RR. True test of concept.
In this Video we breakdown the basics of Market structure. We first answer what it is, then how to identify it, and then why it is important for anticipating moves in the market.
In the daily time frame, usdjpy could not break its previous ceiling and weakness in the power of buyers is observed. In the weekly time frame, the price is in the range of the ceiling of the descending channel and the ceiling of the ascending cycle, and it seems that we will see a correction in the weekly candles: either a large correction after collecting...