Daily USD/JPY UpdatesHello Traders! We just got large range candle, no surprise that today was less dynamic and small so far.Long04:46by ForensicForex0
Ugly block//@version=5 indicator("!<*FVG_FIBO*>!", overlay = true) import LudoGH68/Drawings_public/1 as d getLineStyle(lineOption) => lineOption == "?" ? line.style_dotted : lineOption == "?" ? line.style_dashed : line.style_solid get_structure_highest_bar(lookback) => var int idx = 0 maxBar = bar_index > lookback ? ta.highestbars(high, lookback) : ta.highestbars(high, bar_index + 1) for i = 0 to lookback - 1 by 1 if high > high and high <= high and ((i+1) * -1) >= maxBar idx := (i+1) * -1 //break idx := idx == 0 ? maxBar : idx get_structure_lowest_bar(lookback) => var int idx = 0 minBar = bar_index > lookback ? ta.lowestbars(low, lookback) : ta.lowestbars(low, bar_index + 1) for i = 0 to lookback - 1 by 1 if low < low and low >= low and ((i+1) * -1) >= minBar idx := (i+1) * -1 //break idx := idx == 0 ? minBar : idx is_structure_high_broken(_highStructBreakPrice, _structureHigh, _structureHighStartIndex, _structureDirection) => var bool res = false if (_highStructBreakPrice > _structureHigh and bar_index > _structureHighStartIndex) or (_structureDirection == 1 and _highStructBreakPrice > _structureHigh) res := true else res := false res // Fear Value Gap isFvgToShow = input(true, title='Display FVG', group="Fear Value Gap") bullishFvgColor = input(color.new(#b2b5be, 70), 'Bullish FVG Color', group="Fear Value Gap") bearishFvgColor = input(color.new(#b2b5be, 70), 'Bearish FVG Color', group="Fear Value Gap") mitigatedFvgColor = input(color.new(#b2b5be, 70), 'Mitigated FVG Color', group="Fear Value Gap") fvgHistoryNbr = input.int(5, 'Number of FVG to show', minval=1, maxval=50) isMitigatedFvgToReduce = input(false, title='Reduce mitigated FVG', group="Fear Value Gap") // Structures isStructBodyCandleBreak = input(true, title='Break with candle\'s body', group="Structures") isCurrentStructToShow = input(true, title='Display current structure', group="Structures") bullishBosColor = input(color.silver, 'Bullish BOS Color', group="Structures") bearishBosColor = input(color.silver, 'Bearish BOS Color', group="Structures") bosLineStyleOption = input.string("-", title="BOS Style", group="Structures", options= ) bosLineStyle = getLineStyle(bosLineStyleOption) bosLineWidth = input.int(1, title="BOS Width", group="Structures", minval=1, maxval=5) bullishChochColor = input(color.silver, 'Bullish CHoCH Color', group="Structures") bearishChochColor = input(color.silver, 'Bearish CHoCH Color', group="Structures") chochLineStyleOption = input.string("-", title="CHoCH Style", group="Structures", options= ) chochLineStyle = getLineStyle(chochLineStyleOption) chochLineWidth = input.int(1, title="MSB Width", group="Structures", minval=1, maxval=5) currentStructColor = input(color.rgb(255, 4, 0), 'Current structure Color', group="Structures") currentStructLineStyleOption = input.string("-", title="Current structure Style", group="Structures", options= ) currentStructLineStyle = getLineStyle(currentStructLineStyleOption) currentStructLineWidth = input.int(1, title="Current structure Width", group="Structures", minval=1, maxval=5) structHistoryNbr = input.int(10, 'Number of break to show', minval=1, maxval=50) // Fibonacci 1 isFibo1ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1Value = input.float(0.786, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo1") fibo1StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo1") fibo1Style = getLineStyle(fibo1StyleOption) fibo1LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo1") // Fibonacci 2 isFibo2ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2Value = input.float(0.705, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo2") fibo2StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo2") fibo2Style = getLineStyle(fibo2StyleOption) fibo2LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo2") // Fibonacci 3 isFibo3ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3Value = input.float(0.618, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo3") fibo3StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo3") fibo3Style = getLineStyle(fibo3StyleOption) fibo3LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo3") // Fibonacci 3 isFibo4ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4Value = input.float(0.5, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo4") fibo4StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo4") fibo4Style = getLineStyle(fibo4StyleOption) fibo4LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo4") // Fibonacci 5 isFibo5ToShow = input(true, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5Value = input.float(0.382, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5Color = input(#9598a1, title = "", group="Structure Fibonacci", inline = "Fibo5") fibo5StyleOption = input.string("-", title = "", group="Structure Fibonacci", options= , inline = "Fibo5") fibo5Style = getLineStyle(fibo5StyleOption) fibo5LineWidth = input.int(1, title = "", group="Structure Fibonacci", minval=1, maxval=5, inline = "Fibo5") // Draw FVG into graph FVGDraw(_boxes, _fvgTypes, _isFvgMitigated) => // Loop into all values of the array for in _boxes // Processing bullish FVG if(array.get(_fvgTypes, index)) // Check if FVG has been totally mitigated if(low <= box.get_bottom(value)) array.remove(_boxes, index) array.remove(_fvgTypes, index) array.remove(_isFvgMitigated, index) box.delete(value) else if(low < box.get_top((value))) box.set_bgcolor(value, mitigatedFvgColor) // Mitigated FVG Alert if(not(array.get(_isFvgMitigated, index))) alert("FVG has been mitigated", alert.freq_once_per_bar) array.set(_isFvgMitigated, index, true) // Reduce FVG if needed if(isMitigatedFvgToReduce) box.set_top(value, low) box.set_right(value, bar_index) // Processing bearish FVG else // Check if FVG has been mitigated if(high >= box.get_top(value)) array.remove(_boxes, index) array.remove(_fvgTypes, index) array.remove(_isFvgMitigated, index) box.delete(value) else if(high > box.get_bottom((value))) box.set_bgcolor(value, mitigatedFvgColor) // Mitigated FVG Alert if(not(array.get(_isFvgMitigated, index))) alert("FVG has been mitigated", alert.freq_once_per_bar) array.set(_isFvgMitigated, index, true) // Reduce FVG if needed if(isMitigatedFvgToReduce) box.set_bottom(value, high) box.set_right(value, bar_index) // Arrays variable var array structureLines = array.new_line(0) var array structureLabels = array.new_label(0) var array fvgBoxes = array.new_box(0) var array fvgTypes = array.new_bool(0) var array isFvgMitigated = array.new_bool(0) // Price variables var float structureHigh = 0.0 var float structureLow = 0.0 var float fibo1Price = 0.0 var float fibo2Price = 0.0 var float fibo3Price = 0.0 var float fibo4Price = 0.0 var float fibo5Price = 0.0 // Index variable var int structureHighStartIndex = 0 var int structureLowStartIndex = 0 var int structureDirection = 0 var int fibo1StartIndex = 0 var int fibo2StartIndex = 0 var int fibo3StartIndex = 0 var int fibo4StartIndex = 0 var int fibo5StartIndex = 0 // Line variable var line structureHighLine = na var line structureLowLine = na var line fibo1Line = na var line fibo2Line = na var line fibo3Line = na var line fibo4Line = na var line fibo5Line = na // Label variable var label fibo1Label = na var label fibo2Label = na var label fibo3Label = na var label fibo4Label = na var label fibo5Label = na // Define FVG type isBullishFVG = high < low isBearishFVG = low > high // Bullish FVG process if(isBullishFVG and isFvgToShow) // Add FVG into FVG's array box _box = box.new(left=bar_index - 2, top=low , right=bar_index , bottom=high , border_style=line.style_solid, border_width=1, bgcolor=bullishFvgColor, border_color=color.new(color.green, 100)) array.push(fvgBoxes, _box) array.push(fvgTypes, true) array.push(isFvgMitigated, false) // Check if FVG to show is upper than user parameter if(array.size(fvgBoxes) > fvgHistoryNbr + 1) // Delete the FVG and its index from arrays box.delete(array.get(fvgBoxes, 0)) array.remove(fvgBoxes, 0) array.remove(fvgTypes, 0) array.remove(isFvgMitigated, 0) // Bearish FVG process if(isBearishFVG and isFvgToShow) // Add FVG into FVG's array box _box = box.new(left=bar_index - 2, top=low , right=bar_index , bottom=high , border_style=line.style_solid, border_width=1, bgcolor=bearishFvgColor, border_color=color.new(color.red, 100)) array.push(fvgBoxes, _box) array.push(fvgTypes, false) array.push(isFvgMitigated, false) // Check if FVG to show is upper than user parameter if(array.size(fvgBoxes) > fvgHistoryNbr + 1) // Delete the FVG and its index from arrays box.delete(array.get(fvgBoxes, 0)) array.remove(fvgBoxes, 0) array.remove(fvgTypes, 0) array.remove(isFvgMitigated, 0) // Draw FVG FVGDraw(fvgBoxes, fvgTypes, isFvgMitigated) // Initialize value for bar 0 if(bar_index == 0) structureHighStartIndex := bar_index structureLowStartIndex := bar_index structureHigh := high structureLow := low highest = bar_index > 10 ? ta.highest(10) : ta.highest(bar_index + 1) highestBar = bar_index > 10 ? ta.highestbars(high, 10) : ta.highestbars(high, bar_index + 1) lowest = bar_index > 10 ? ta.lowest(10) : ta.lowest(bar_index + 1) lowestBar = bar_index > 10 ? ta.lowestbars(low, 10) : ta.lowestbars(low, bar_index + 1) structureMaxBar = bar_index + get_structure_highest_bar(10) structureMinBar = bar_index + get_structure_lowest_bar(10) lowStructBreakPrice = isStructBodyCandleBreak ? close : low highStructBreakPrice = isStructBodyCandleBreak ? close : high isStuctureLowBroken = (lowStructBreakPrice < structureLow and lowStructBreakPrice >= structureLow and lowStructBreakPrice >= structureLow and lowStructBreakPrice >= structureLow and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex) or (structureDirection == 2 and lowStructBreakPrice < structureLow) isStructureHighBroken = (highStructBreakPrice > structureHigh and highStructBreakPrice <= structureHigh and highStructBreakPrice <= structureHigh and highStructBreakPrice <= structureHigh and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex) or (structureDirection == 1 and highStructBreakPrice > structureHigh) if(isStuctureLowBroken) // Check if structures to show is upper than user parameter if(array.size(structureLines) >= structHistoryNbr) // Delete the line and its index from arrays d.delete_line(array.get(structureLines, 0), array.get(structureLabels, 0)) array.remove(structureLabels, 0) array.remove(structureLines, 0) // Create BOS line if(structureDirection == 1) array.push(structureLines, line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc=xloc.bar_index, extend=extend.none, color=bearishBosColor, style=bosLineStyle, width=bosLineWidth)) array.push(structureLabels, label.new((bar_index + structureLowStartIndex) / 2, structureLow, text="BOS", style=label.style_none, textcolor=bearishBosColor)) // Create CHoCH line else array.push(structureLines, line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc=xloc.bar_index, extend=extend.none, color=bearishChochColor, style=chochLineStyle, width=chochLineWidth)) array.push(structureLabels, label.new((bar_index + structureLowStartIndex) / 2, structureLow, text="CHoCH", style=label.style_none, textcolor=bearishChochColor)) // Update values for new structure structureDirection := 1 structureHighStartIndex := structureMaxBar structureLowStartIndex := bar_index structureHigh := high //highest structureLow := low // Check for breakout else if(isStructureHighBroken) // Check if structures to show is upper than user parameter if(array.size(structureLines) >= structHistoryNbr) // Delete the line and its index from arrays d.delete_line(array.get(structureLines, 0), array.get(structureLabels, 0)) array.remove(structureLabels, 0) array.remove(structureLines, 0) // Create BOS line if(structureDirection == 2) array.push(structureLines, line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc=xloc.bar_index, extend=extend.none, color=bullishBosColor, style=bosLineStyle, width=bosLineWidth)) array.push(structureLabels, label.new((bar_index + structureHighStartIndex) / 2, structureHigh, text="BOS", style=label.style_none, textcolor=bullishBosColor)) // Create CHoCH line else array.push(structureLines, line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc=xloc.bar_index, extend=extend.none, color=bullishChochColor, style=chochLineStyle, width=chochLineWidth)) array.push(structureLabels, label.new((bar_index + structureHighStartIndex) / 2, structureHigh, text="CHoCH", style=label.style_none, textcolor=bullishChochColor)) // Update values for new structure structureDirection := 2 structureHighStartIndex := bar_index structureLowStartIndex := structureMinBar structureHigh := high structureLow := low //lowest else if(high > structureHigh and (structureDirection == 0 or structureDirection == 2)) if(not(isStructBodyCandleBreak) or not(isStructBodyCandleBreak and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex and bar_index > structureHighStartIndex)) structureHigh := high structureHighStartIndex := bar_index else if(low < structureLow and (structureDirection == 0 or structureDirection == 1)) if(not(isStructBodyCandleBreak) or not(isStructBodyCandleBreak and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex and bar_index > structureLowStartIndex)) structureLow := low structureLowStartIndex := bar_index structureRange = math.abs(structureHigh - structureLow) // Affichage de la structure actuelle if(isCurrentStructToShow) d.delete_line(structureHighLine, na) d.delete_line(structureLowLine, na) structureHighLine := line.new(structureHighStartIndex, structureHigh, bar_index, structureHigh, xloc.bar_index, color=currentStructColor, style = currentStructLineStyle, width = currentStructLineWidth) structureLowLine := line.new(structureLowStartIndex, structureLow, bar_index, structureLow, xloc.bar_index, color=currentStructColor, style = currentStructLineStyle, width = currentStructLineWidth) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo1ToShow) d.delete_line(fibo1Line, fibo1Label) fibo1Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo1Value) : structureLow + (structureRange - structureRange * fibo1Value) fibo1StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo1Line := line.new(fibo1StartIndex, fibo1Price, bar_index, fibo1Price, xloc.bar_index, color = fibo1Color, style = fibo1Style, width = fibo1LineWidth) fibo1Label := label.new(bar_index + 20, fibo1Price, text = str.tostring(fibo1Value) + "(" + str.tostring(fibo1Price) + ")", style = label.style_none, textcolor = fibo1Color) // Affichage du Fibonnacci 2 de la structure actuelle if(isFibo2ToShow) d.delete_line(fibo2Line, fibo2Label) fibo2Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo2Value) : structureLow + (structureRange - structureRange * fibo2Value) fibo2StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo2Line := line.new(fibo2StartIndex, fibo2Price, bar_index, fibo2Price, xloc.bar_index, color = fibo2Color, style = fibo2Style, width = fibo2LineWidth) fibo2Label := label.new(bar_index + 20, fibo2Price, text = str.tostring(fibo2Value) + "(" + str.tostring(fibo2Price) + ")", style = label.style_none, textcolor = fibo2Color) // Affichage du Fibonnacci 3 de la structure actuelle if(isFibo3ToShow) d.delete_line(fibo3Line, fibo3Label) fibo3Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo3Value) : structureLow + (structureRange - structureRange * fibo3Value) fibo3StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo3Line := line.new(fibo3StartIndex, fibo3Price, bar_index, fibo3Price, xloc.bar_index, color = fibo3Color, style = fibo3Style, width = fibo3LineWidth) fibo3Label := label.new(bar_index + 20, fibo3Price, text = str.tostring(fibo3Value) + "(" + str.tostring(fibo3Price) + ")", style = label.style_none, textcolor = fibo3Color) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo4ToShow) d.delete_line(fibo4Line, fibo4Label) fibo4Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo4Value) : structureLow + (structureRange - structureRange * fibo4Value) fibo4StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo4Line := line.new(fibo4StartIndex, fibo4Price, bar_index, fibo4Price, xloc.bar_index, color = fibo4Color, style = fibo4Style, width = fibo4LineWidth) fibo4Label := label.new(bar_index + 20, fibo4Price, text = str.tostring(fibo4Value) + "(" + str.tostring(fibo4Price) + ")", style = label.style_none, textcolor = fibo4Color) // Affichage du Fibonnacci 1 de la structure actuelle if(isFibo5ToShow) d.delete_line(fibo5Line, fibo5Label) fibo5Price := structureDirection == 1 ? structureHigh - (structureRange - structureRange * fibo5Value) : structureLow + (structureRange - structureRange * fibo5Value) fibo5StartIndex := structureDirection == 1 ? structureHighStartIndex : structureLowStartIndex fibo5Line := line.new(fibo5StartIndex, fibo5Price, bar_index, fibo5Price, xloc.bar_index, color = fibo5Color, style = fibo5Style, width = fibo5LineWidth) fibo5Label := label.new(bar_index + 20, fibo5Price, text = str.tostring(fibo5Value) + "(" + str.tostring(fibo5Price) + ")", style = label.style_none, textcolor = fibo5Color) plot(na) barcolor((high <= high and low >= low and close >= open) ? #04fd11: na) barcolor((high <= high and low >= low and open >= close) ? #f70303: na) //-----------------------------------------------------------------------------// //indicator("Filter out Weak pivot highs/lows", overlay = true) lb =input.int(15, 'pivots: lookback/forward', group = 'Pivots highs & lows', tooltip = "larger number for more significant pivot highs / pivot lows") atrMult =input.float(1.5, "Spikeyness Index", minval = 0, step =0.1, inline ='2', group = 'Pivots highs & lows', tooltip = "For catching only the 'spikier' pivot highs/pivot lows Setting to =0 will effectively remove this condition and plot standard pivot highs/lows Increasing this number will filter out smooth/unimpressive pivot high&lows; Represents local ATR multiple for distance from local Moving average a high or low must be Setting of 1.5 seems optimal on 15m chart with pivot lookback/lookforward = 15") useSpikeyCond =input.bool(true, "use spikey condition", inline ='3',group = 'Pivots highs & lows', tooltip ="toggle off to see how typical pivots are painted; to notice the difference/improvement") confirmOnClose = input.bool(true, "wait 1x bar to confirm (avoid repainting)", inline ='4',group = 'Pivots highs & lows', tooltip = "default is ON, waits for realtime bar to close before confirming Pivot H/L Toggle this off to get Pivot highs confirmed one bar earlier, but at the cost of sometimes causing repainting") int x = confirmOnClose?1:0 pivHigh = ta.pivothigh(high, lb, lb) isPivHigh = na(pivHigh)? false:true atr = ta.atr(2*lb) maH = ta.sma(high, 2*lb) bool spikyH = useSpikeyCond?pivHigh > maH+atrMult*atr:true var float ph = 0 if isPivHigh if spikyH ph:=pivHigh label.new(bar_index-(lb+x), high , text ="High",color=#feffff) pivLow = ta.pivotlow(low, lb, lb) isPivLow = na(pivLow)? false:true maL = ta.sma(low, 2*lb) bool spikyL = useSpikeyCond? pivLow < maL-atrMult*atr:true var float pl = 0 if isPivLow if spikyL pl:=pivLow label.new(bar_index-(lb+x), low , text ="Low", style = label.style_label_up, color = #feffff) by ripfumelorefie7290
Bank of Japan Intervenes Again - USDJPY LongsMarket Analysis by The Forex Messiah The USDJPY has experienced bearish pressure due to recent interventions by the Bank of Japan (BoJ), which has been purchasing Yen to stabilise its currency. According to Bloomberg, the BoJ has spent over $62 billion in the past month on these interventions. Despite significant USD strength over the JPY driven by the interest rate differential, the chart shows prices dipping below the 155 level, indicated by the grey boxes . This suggests that the BoJ's efforts have had a noticeable impact on the exchange rate. It's crucial to consider that the BoJ may continue its intervention strategy, potentially leading to further corrections in USDJPY. Therefore, effective risk management is essential, including taking partial profits to safeguard against volatility. My entry on USDJPY: I am in a buy trade from 155.700. I plan on monitoring Monday and Tuesdays price action to potentially add to my positions ahead of Wednesdays CPI numbers. The following is news and data we need to keep an eye out for over the coming week: Core CPI m/m, CPI m/m, CPI y/y Federal Funds Rate FOMC Economic Projections FOMC Statement FOMC Press Conference Core PPI m/m PPI m/m Unemployment Claims Prelim UoM Consumer Sentiment Good luck guys!Longby TheForexMessiah0
USDJPY Analysis: Opportunities for Shorting EnthusiastsUSDJPY is still pretty bullish, but for those looking to short, here's what I'm watching: Daily Chart: - Signal : Retest of the broken trendline - Entry : Wait for MCC 1-Hourly Chart : - Bearish Deep Gartley Pattern at 157.33 - Conservative Entry : Wait for MCC, preferably a retest on the PRZ (Potential Reversal Zone) with RSI Divergence What's your trade plan for USDJPY? Comment down below and share your thoughts! Happy trading!Shortby RaynLim0
USD/JPY Potential LongPotential USD/JPY Setup to go long once we have the pullback on the demand area of the analysis. Targeting the liquidity pool above, lots of upside potential.Longby andrefx241
(Add-IN) USD/JPY - Zone de SELL intéressante ! Bonjour a tous ! nous passons haussier sur l'USD/JPY ! -Voici mon avis sur l'USD/JPY : -Nous avons de la liquidité. -Nous avons une zone intéressante. -Nous avons le fibo optimal. -Nous avons une accumulation avant/sur la zone. -Nous somme avec la tendance. Voilà pourquoi je verrais donc l'USD/JPY rebondir sur la zone et chuter ! 🚀 Si vous avez aimé et si vous en voulez plus, n'hésitez pas à vous abonner et Boost la publication !Shortby ex_rico1
USD JPYUSD JPY short idea Accepting Daily FVG Entry after NFP late I'm waiting for the withdrawal of liquidity... the assumption is that I will go for the price of 156,200 156,600 SL TP 154,000Shortby teriforexpremiumUpdated 0
Looking for a SCALP BEFORE NEWS, I'm not Crazy !!!hey guys just sharing what I'm looking for to take a scalpShortby MPfx_trader220
USDJPYHello everyone. My idea... retest our rezistance uptrend line or coming to H1 supply zone, price will fill that zone and move to the new H1 demand zone from yesterday. Sorry for my english, I am just novice and I am still learning. Best regards Jojo :)Shortby JojoFX_jamriskaUpdated 1
Fundamental Market Analysis for June 07, 2024 USDJPYAn event to look out for today: 15:30 GMT+3. USD - Change in the number of employed in the non-agricultural sector USDJPY: The Japanese Yen (JPY) is under pressure, the reason could be due to information about the decline in Japan's foreign exchange reserves released by the Ministry of Finance for May. Foreign exchange reserves fell significantly to $1,231 billion in May from $1,279 billion, the lowest since February 2023, as the government conducted currency intervention operations to defend the Japanese yen. Japan's Finance Minister Shunichi Suzuki said Friday he would take measures against excessive currency volatility if necessary and evaluate the effectiveness of the interventions. Suzuki emphasized the importance of maintaining market confidence in public finances, noting that there is no limit on funds for currency intervention, Reuters reported. The US dollar (USD) struggled as a drop in United States (US) jobs data fueled hopes of two interest rate cuts by the US Federal Reserve (Fed) in 2024. A Reuters poll conducted between May 31 and June 5 showed that nearly two-thirds of economists now predict an interest rate cut in September. In addition, according to CME FedWatch Tool data, the probability of a Fed rate cut of at least 25 basis points in September rose to nearly 70.0%, up from 51.0% a week earlier. Trading recommendation: Trade mainly with buy orders at the price level of 155.70. We consider sell orders at the price level of 155.00.by Fresh-Forexcast20040
ShortsNFP will act as a catalyst for this set up... the equal highs which are situated together with daily FVG Will be swept as liquidity pulls and then sells Will follow Shortby Patience_Full0
USDJPY show ABCD Pattern Here in this chart, we see a ABCD pattern. We take ttrade if the proce cross B point and we assume that price will go to point D where a strong potential zone. Take trade with TPs and SLsShortby usmanbinshafiqUpdated 2
bullish sentiment on usdjpy a long term supply zone has been broken and now there is a symmetrical triangle that can be considered as a bullish continuation pattern Longby parham_hm0
USD/JPY eyes household spendingThe Japanese yen is steady on Thursday after showing sharp swings throughout the week. In the North American session, USD/JPY is trading at 156.27, up 0.10% on the day at the time of writing. Japan’s consumers have been holding tight on the purse strings as inflation remains high and economic conditions remain gloomy. In March, household spending declined to 1.2% m/m, down from 1.4% in February. The downswing is expected to continue, with a market estimate of just 0.2% for April. Japan releases GDP on Monday and the markets are bracing for some bad news. Japan’s economy is expected to have contracted in the first quarter, with a market estimate of -0.5% q/q, after no growth in the fourth quarter of 2023. Yearly, the economy is expected to have contracted by 2.0%, after a small gain of 0.4% in the fourth quarter. Private sector demand has fallen and exports are also down. A weak GDP release could delay any plans at the Bank of Japan to tighten policy. The BoJ meets on June 14th and has hinted that it will take steps on the path towards normalization. The Japanese yen remains at low levels and could lose more ground if the BoJ doesn’t change any policy settings at the meeting. The US wraps up the week with nonfarm payrolls on Friday and the report is expected to show that the US labor market is slowly cooling off. In April, nonfarm payrolls fell to 175,000 down sharply from 330,000 in March. This marked the weakest job growth in six months. Little change is expected in the May report, with a market estimate of 185,000. USD/JPY tested support at 155.75 earlier. Below, there is support at 155.01 156.86 and 157.60 are the next support levelsby OANDA0
USDJPY Long Part 3 Cut Even Trade. Profit for the Week +0.33%Exited out of the trade for the week. Took a cut even trade. Profit for the week +0.33%03:07by Manny_FX_0
USDJPY Long - 4 Confirmations- Reentry Trade Post News. R:R 1:2USDJPY LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up. The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher 3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1. 4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade. Long06:20by Manny_FX_0
USDJPY - Long - Took a loss of 1% of the account. -$1,000Decided to enter this trade long based on our playbook. The entry was on objectivity and following our rules and proper risk management15:07by Manny_FX_2
Market Analysis EU GOLD SPY GJ JUN6 2024Ticker of interest: - EURUSD - XAUUSD - SPY Mainly looking at ECB and NFP tomorrow. We are likely going to experience high volatility on COMEX open on gold alongside release of data for ECB interest rates decision. I will wait for the market to produce structures before entering.14:39by popesalmon1
USDJPY War"Japan faces a tug-of-war with yen bears" says the recent Reuters article on this topic, which has had a lot of articles in the recent buildup to the BOJ intervention. What it basically implies is that professional traders have embarked in a money making roller coaster pushing the USDJPY higher knowing full well that the BOJ will step in and bring it down triggering their sells. Because of the interest rates difference some are still expecting a lot of market participants to be on the other side of the BOJ position, especially as it is estimated by some that 59 billion $ were required just for this intervention alone. I am not convinced. I don't see a big case for another Bull Big Push, and I developed a set of levels for potential support and resistance zones in a more bearish tuned scenario. At least until June. This also has a correction from the drop scenario factored in, with a potential resistance zone near 157.5 at the long green plank. Nothing is set in stone and I wouldn't promote hear a precise approach, strategy, bias, or tactical manoeuvre, but I would pay close attention to the price action at the zones highlighted in this project. Consolidations, breakouts, reversals, all scenarios are to be considered, and to keep an open mind and be free of prejudice and bias, we can also consider more BOJ contrarian scenarios, as long as relevant price action related events occur at any of the shapes. by nenUpdated 7
USDJPY will continue bearish ?I see a bearish trend on USDJPY, marked by the price below the 200 EMA in black, and currently the price is entering the RBD Rally Base Drop supply area, I see the price will continue its decline, if you take 1: 2 from the SL plan, this is quite realistic. Happy Trading. The risk of profit and loss is not our responsibility. This is not financial decision advice. Secure your account whit Stop LossShortby AHAFX10Updated 1
Trading Signal for USDJPY: BuyDirection: Buy Enter Price: 154.873 Take Profit: 156.77033333 Stop Loss: 155.07133333 Our analysis suggests entering a long position in the USDJPY pair at an entry price of 154.873. The following factors have been considered in making this projection: - Technical Analysis: The current moving averages indicate a bullish trend in the USDJPY pair. The 200-day moving average is below the current price level, signifying potential upward momentum. - Resistance and Support Levels: Recent price action shows strong support just below the entry price, affirming the likelihood of upward movement. Conversely, the identified resistance level aligns with our Take Profit target, suggesting this is a realistic exit point. - Economic Indicators: Fundamental economic data supports the prospect of a stronger USD relative to JPY, further backing our bullish stance. Strategy Used: This forecast is made using the EASY Quantum Ai strategy, which integrates quantitative analysis and machine learning algorithms to identify optimal trading opportunities. For this trade, the Take Profit is set at 156.77033333, and the Stop Loss is fixed at 155.07133333 to mitigate potential downside risks while maximizing upside potential.Longby ForexRobotEasy1
USD/JPY BEAR PLAYUSD/JPY is looking bear for me I looked at all time frames and looks like the 50 ema is going under the 200. We also have a head and shoulders formation so I’m waiting to see if it will bounce off that line or break through. But I looks like it already rejected off that line so I’m going bearish on this oneShortby tourvilledamian0
USD/JPY For Bullishyou can go long now and take any target - General Trend is Up - JPY is Weak - USD News is Good have fun :) Longby maxbayne0