In this chart, we can see the CRAB harmonic pattern printed, it's a bearish reversal chart pattern. At the moment price action is between the PRZ , we can also see the bearish divergence printed at the PRZ. The entry point will be just below the PRZ, and the stop loss will be above the higher high of the PRZ. Take profit according to risk to reward...
Wait for break out and retracement in this zone. enter with 1.4/1 RR 1% risk! Good luck!
So far profits taken on Dollar Yen longs .Will keep 2 trades open and trail stops to see if there could be a break of resistance
breakout continuation pattern forming right before the news increases volume 134.6 first resistance level to break.. also there is a 4hr inverted head and shoulders
USDJPY is trading in a rising wedge pattern, and the price is testing the ceiling of the rising wedge from where a rebound is to be expected towards the target bellow we are monitoring USDJPY for a selling opportunity once we will receive a bearish confirmation the trade will be executed...trade safe
Price is clearly in uptrend and making a retracement and expecting confirmation on level 133.278 and I will be buying
I have been closely monitoring the movements of USDJPY, and it is clear that the pair has recently shown some signs of weakness. However, it appears that USDJPY may be in the process of forming a bullish structure once again. Based on my analysis, I believe that the price could potentially reach key resistance levels in the near term. Additionally, there is...
USDJPY Analyze Generally the direction is uptrend and price trade at the bullish channel above 133.72 the price will try to reach 734.39 and 134.99 under 133.72 the price will retest again to 133.04 and 132.36 support line : 133.72 , 133.04 , 131.57 resistance line : 134.39 , 134.99 , 135.87
Since USDJPY reached an important structure low in March, the market is correcting. The pair is accumulating around a key horizontal resistance cluster. Look for a bullish breakout of 134.06. A daily candle close above that will confirm a violation. A bullish continuation will be expected at least to 135.0 level then. I will post an update after a breakout...
#USDJPY in Daily time frame USDJPY moving toward resistance area . Target is given.
DON'T MISS Price has currently breakout from a previous market structure which is visible on the 4 hours chart, the breakout from that structure will change the direction of the previous down trend which in this case will be uptrend. Market has just approached the previous high which there are two possibilities that could happen in this scenario which are...
Very2 successful day for UJ las week. Here 's the plan . I am still bullish. 2 ways to approach this. We should wait for reversal at certain prices or 2 look for bullish pattern. ( triangle/HnSoulder/ Bullish Engulfing) etc. You know the drill.. find it on utube. Good r:r needed May we success together. I am not your guru. All the best
UJ seemingly overextended is backing up off the gas pedal in what could end up as a bull trap. Only one way to find out. LIBRA play with MOMENTUM entry
shorts from structural LH in D TF, grabbed liquidity from equal highs in h4, and internal h4 sctructure broke down nad looks like it retraced to the 100% mark, looking from short on this area after liquidity was created and hunted on Tokio session.
there is "something :)" wrong in the 1 min chart. Price has to return to 133,98 for a correction in few days.
Alternative scenario: breakout and consolidation below the level of 130.50 will allow the pair to continue declining to the levels of 127.38 - 121.66. Analysis: an ascending third ...