USD/JPY So, this pattern on the Dollar Yen is in a rough spot! we have a high volume candle that rushed back into the PRZ and then a medium candle get rejected by the support zone which is about half way down the candle! then after that there is even more resistance for PA to travel. this Pattern might be a good to let go but we will see if PA can break the candle support zone. and once it does and retest the level then sell! depends on what happens! OANDA:USDJPY
Dollar-yen
USDJPY LONG UPDATESMALL CHART EDIT \\ UJ finding strong support area of 106.5-106.8. We will be looking for a rejection off the 107.4-107.5 and find support at 107.0-107.1
Price is showing strong bullish engulfing momentum on the higher time frames after recovering from March's lows. We should expect strong fundamentals in the week to come, with no shock to the dollar as we remain flat on interest rates through the year. Markets have seemed to have digested the bias and the dollar wants to show its strength, with pride!
USDJPY Bearish Pattern FormationUSDJPY is trading in channel pattern after the movement of the big downside. It has also formed a bearish Descending Triangle Pattern, within the channel pattern, as shown in the chart. Soon, we might see a breakout of a bearish pattern. One can initiate the trade on the breakout side with proper risk management and stop loss.
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U.S.Dollar vs Japonese Yen SwingTrade AnalisysHello Traders,
The dollar is close to break out and long term simmetric triangle against the Yen. Due to the triangle projection and the bull Flag projection. It seems that it is going to test the historial top in a few months.
We recommend to open long position in caso of an breaking out of the triangle or if it does another flash dump to the key level .
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AUDJPY Head & Shoulder Breakout.AUDJPY has given breakout from head & shoulder pattern, also it has retraced towards the neckline of head & shoulder pattern we might see, further downside towards the support, as shown in the chart. Trade can be initiated on the downside with proper risk management and stop-loss.
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AUDJPY CLOSE TO RESISTANCEHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is close to its resistance. One can wait for confirmation.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
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USDJPY - Simple range tradeUSDJPY ranging between the 107.900- 107.400 levels for around a fortnight now & unable to sustain a break either side.
A simple range short can be executed at the 107.900 level with great R:R, targeting the support of the range. Stops may be placed above the 108 psychological.
Conversely if bullish momentum pushes price through the range we could look to long on a break & retest of the 109.
EURJPY At Resistance level Of Channel Pattern.EURJPY is trading in rising channel pattern. It is also at the resistance level of pattern. Considering the chart analysis we think, the price may come down towards the support level of the channel pattern. Trade can be done for the short side with proper risk management and stop loss level.
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ANALYSIS ON NZDJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price hit its resistance and it is going down. One can place a sell stop at 65.850/800
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
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ANALYSIS ON USDJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is currently in descending channel. One can take a sell trade.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
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USDJPY In Rising Wedge pattern.USDJPY is trading in a rising wedge pattern. It has tested the rising wedge pattern resistance and reversed from it. We may see the price pullback in USDJPY towards the support of the rising wedge, if it breakout of the rising wedge on the downside, it may test support line and bounce back to get back in pattern and test the resistance 1 and resistance 2. Overall we can see further upside on USDJPY.
Note - trade with proper Risk Management System
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USD/ JPY On the Dollar/ Yen (USD/ JPY) we have a dirty gartley Pattern. it is dirty becasue PA completes at the 618 exactly and the wick completes at the 707 >:( Now, what i like about this pattern is that it provides us with the perfect oppritunity to catch the T2 of the Crab patern me and the Software drew in tandum. I would expect PA to struggle its way to the 1.0 of the XA of this particular and then reverse since i see the swing points act as some sort of magnet for PA. the 786 and CD 1.618 complete at the same Price level. So with that being said...
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OANDA:USDJPY
USDJPY STRUCTURE ANALYSIS|FUTURE MOVEMENT FORECASTThat is a possible way for the pair to continue downward movement towards the demand zone.
If the price reaches the level, the price action around it will determine the future of the pair for mid-long term.
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Wish you all luck in your trading!
USDJPY: Classic Flag Formation & Trading Plan Explained
hey guys,
USDJPY is on a strong daily and 4H structure.
after a strong bounce from 106.0 level, the price is correcting itself and we see a classic falling parallel channel called a flag pattern.
with this pattern, we assume that the current local bearish movement is just a correctional, and bulls are just preparing for the next wave.
the trigger is always a bullish breakout of a channel to the upside. Then buy entry on pullback.
I prefer to protect profits once the market reaches half of the flag range, and then the current local higher high is the cash spot.
I have shown the potential scenario with stop placement and entry,
however, be prepared for readjustment it case of a preliminary or late breakout.
if the market breaks below our potential reversal zone, then the setup will be invalid and we just dont trade at all!
good luck!