Cycle from 3.24.2023 low in USDJPY is unfolding as a double three Elliott Wave structure. Up from 3.24.2023 low, wave (W) ended at 133.75 and pullback in wave (X) ended at 130.61. Wave (Y) higher is in progress with subdivision as a zigzag structure as the 1 hour chart below shows. Up from wave (X), wave ((i)) ended at 132.8 and wave ((ii)) ended at 131.99. Wave...
Hello traders, Wave 5 is supposed to end at 134.708-135.110 zone. We may consider short positions from that level. Thanks.
UJ is testing nicely and generating price action to match the setup. Lets see what happens
good risk to reward on this 1, i see a double top forming here lets see if it plays out. Risking 14 pips for a 70 pip gain
USDJPY Weekly + Daily + H4 + H1 BC+ M15 + SD range =0.32 at current price Buy Limit Entry: 133.80 SL: 133.60 Tp1:134.6 Tp2:135.9 Tp3:1.1145 Tp4:137.5 I am sharing my personal trading idea, which is based on supply and demand principles, as a means of self-education and improvement. These values are not intended as a trading signal, and any...
The dollar index bottomed up, hitting February's low and failing to breach further. Across the board on all pairs, the Japanese yen is appearing very bearish. Over on USDJPY, there's a very clean horizontal channel breakout. This is utilizing a modified Darvas box system to swing continuation breakouts.
Usd joy can see a possible downtrend after rejection of this breaker block.I see a potential 1;5 RR ,price is in premium lets see how the market react
A divergent them is in play between the Fed and BOJ which could help it recover some more of last week's losses. BOJ governor Ueda reiterated the central bank's ultra-dovish stance whilst US 1-year consumer inflation expectations spikes 0.8% pct point and the Fed's Waller delivered his latest hawkish remarks (inflation remains too high and we've not done enough...
Yield Curve Control (YCC) has kept interest rates on ten-year Japanese government bonds within a narrow range close to zero percent since 2016. The Bank of Japan (BOJ) employs YCC to target short-term interest rates at -0.1% and to maintain the 10-year government bond yield within 0.5% above or below zero. In 2016, Japan was grappling with over a decade of...
Price area 135.00 in case of bearish confirmations. It can be ideal for a sell transaction to the mid-term target of 130.00 .
using price exhaustion and POC on market profile, my analysis shows a Short entry please use your own analysis, and research i am still a rookie your trading account is your responsibility. if 15 min candle closes beyond STOP LOSS, then trade invalid. close (some or all) profits before asian session opens due to wild swings.
using demand and supply to determine the market trend. Basically Demand and supply are zones where most market orders are placed either by MM or retailers. For entry I'll use QM pattern with Fair Value Gap.
USDJPY - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy USDJPY Entry - 134.476 Stop - 133.604 Take - 135.777 Our Risk - 1% Start protection of your profits from lower levels. ❤️ Please, support our work with like & comment! ❤️
USDJPY: A Small Bullish Wave Looks Ready Price broke out from a strong resistance zone near 133.85 It can rise further from the current position after any small correction. Today USD showed to be strong again through many currency pairs and it looks like also, DXY is changing direction and it is rising again. This bullish momentum can help USD during the...
Expecting Uj to reach 134.500 - 134.600 level before making any sudden movements from price action. Price could make another retest near 133.800 for another buying opportunity. Decisions that were made from the federal revere last week will cause the buyers to keep pushing the dollar (DXY) in long positions. Overall, Uj is slowly breaking the resistance area...
EN The pair is retesting for the 4th time the bottom of this bullish channel with price forming lower high. A range has formed which looks similar to the january range so the same scenario could occur. I already took the trade because of the 2 pin bars but to confirm the bullish trend, the price has to breakout the current price range (132.90). Price action...
Hey Traders, USDJPY was trading in a downtrend and successfully managed to break it out after some hawkish comments from fed Waller about inflations concerns and there's still more work to do from Fed Powell so the market is pricing another 25 bps rate hike which had triggered Dollar strength. Technically we will watching a potential retrace of the trend from 133...