Though the ADP came in lower than expected, with the NFP however I am anticipating a lower reading from previous number but not a drastic one. With that in mind there could be a potential short-term bounce for the USD/JPY, first potential target 132.62
Price has formed a Head And Shoulder pattern on the 4H time frame
As you can see, the price is at the overlap resistance which also aligns
With the 50% Fibonacci retracement level
I believe we would see a bearish movement
possible fakeout happen during nfp as big trader will once again make liquidity grab. combine with one side adjustment channel. first look for buy within blue zone before sell within red zone. good luck
FX:USDJPY has a twin analysis, a head and shoulder with a descending triangle on the weekly timeframe, an upright head and shoulder indicates a bearish scenario , a bearish breakout for the descending triangle and finally the order block to fill and liquidity grab. my sentiments are fully bearish on FX:USDJPY @De_Dommex @TradingView
Another Head and shoulders pattern formed at the weekly and daily chart. With the market uncertainty, inflation, and the growing concern of recession dollar might collapse down to a potential reversal between 106-108 levels. Im looking for shorts
In this live trading session video, we look at the daily and weekly correlation of USDJPY and AUDUSD to analyse the open equity left and place our trade orders with specific entry,stop loss and target levels. The principles taught here can be cross transferred to any other instruments.
2 sell trade orders for market between today and tomorrow at the NFP release which i expect to be a USD (dump) currently market is on an inclined pullback to around @ the weekly-HI in favor of the USD can expect market to take the decline or may stagnate between weekly-HI (132.192) & weekly-lo (131.454). Trade 1 reps upcoming opportunity for JPY buy tp @ weekly...
💱 USD/JPY Rising Plan
💱 Nearest strong support zone: around the fibo level 0.786 of the upward wave.
💱 Nearest strong resistance zone: around the fibo level 0.382 of the upward wave.
💱 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Uptrend
📈 The scenario I am playing is the execution of an upward wave. I do not exclude changing the...
💱 USD/JPY In line with the plan
💱 The nearest strong support zone: around the fibo level 0.786 of the upward wave.
💱 Nearest strong resistance zone: around the fibo level 0.382 of the upward wave.
💱 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Uptrend
📈 The scenario I am playing is the execution of an upward wave. I do not exclude...
I am newbie, but still , I have fallen on key level supports that could be issued from 1995, an inverted macro head and shoulders ignitiated sarting 1995, to finish this year, after the classical normal head and shoulders formed these few months.
What do you think of these key level, seems a bit crasy isn't it ?
Could anyone provide fundamental analysis or...
5 wats to collect your profits by the SK system
1. opposite correction level
2. daily range
3. target area
5. risk reword ratio
5. 100 or 0 correction level
