Appears that the dollar has delayed it's fall and rather consolidated with the FOMC boundaries. I expect the market to possibly open with a gap in the upcoming week,and a deeper correction thereof. However a further analysis will either be shared should circumstances change or the current will remain as our following week's trading plan. Please do comment and...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
#usdjpy price testing resistance level 151.70-90 which is high level of last year 2023. price need energy to fall down side for 148.90 & 148.00. time requires in building energy. suspect price will hold the resistance level to make double top. stop loss above the resistance level as 152.10, entry level 151.25 & 151.75. target: 148.90.
Hello traders , This is setting up as a nice continuation play. Clear downside momentum from last week as a result of strengthening JPY sentiment. Expecting a continuation 1H play should we receive a break and retest as shown. Trade safe familia! Many thanks Sunny
i will sell once we break this support 151.078 I have long term view for this,I can see massive decline if we get out this support 150.237 I will hold 1 position till next week if i go in today
reasons for this trade 4hr was bullish 1hr was bearish so that means execute on 15m once on 15m i look for a LQ Sweep (after re looking over my trade i didnt see or the one i see was too soon maybe reason for my loss or the fact this was after news and market may have been unsettled). i then see 15m BOS and 3rd confluence OB which got retraced into and then...
Happy Nowruz! 🎉🌟 Let's analyze this popular forex pair together. 📈🔍💼 Currently, after an uptrend in the daily timeframe, we have reached one of the most significant resistances in this currency pair.📦💡 The line at 151.750 is the most crucial resistance at the moment in the weekly timeframe, and after breaking this resistance, the possibility of starting another...
USD/JPY short H4 timeframe The price will fill bearish candle Short USD/JPY 151.150 TP1: 150.858 TP2: 150.339 SL: 151.323
A double top has been formed, indicating a possible downtrend. Price tested an area known to be a strong resistance zone. Price has already changed direction and hence, safe to assume a downtrend is in session.
USDJPY Short tRade setup based on Evening Star formation at the top alongside bearish divergence. most likely Sellers will get the power and bearish trend will start for shorter of time accordingly TPs and SL is highlighted. what are your thoughts about this?
Let's see what's going on in the USDJPY chart. Buyers couldn't push the price up in the last rise and the index hit the stops over the resistance zone. Now, it can fall to the previous important zones.
Retracement after the trend. Chart makes some corrections. Bearish TP 151.100 SL 151.650
USDJPY also looks overbought to me. The resistance, that the price is currently testing, holds strongly. I believe that the market may retrace from the underlined blue area at least to 151.3 support. ❤️Please, support my work with like, thank you!❤️
USD/JPY, H4 22 March 2024 Despite the Bank of Japan's historic decision to end its negative rate policy with its first hike in 17 years, the Japanese yen remained weak against the backdrop of a widening yield differential between Japan and the US. With the Federal Reserve maintaining its benchmark federal funds rate and better-than-expected US economic data...
UDS/JPY is rising towards a potential breakout level and could climb above this level to rise higher. Buy entry is at 151.786 which is a potential breakout level ( wait for 1-hour candle to close above 151.786 for confirmation ). Stop loss is at 150.261 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take...
This Is An Educational + Analytic Content That Will show entry ideas for trades. Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions. Disclaimer The...
USDDJPY CREATIING A DOUBLLE TOP WITH DIVERGENCE. My Entry Plan is simple. Entry Point (Sell Stop):150.161 Stop Loss: 151.900 Take Profit: 148.423