The USD/JPY currency pair is forming a symmetrical/isometric triangle on the weekly chart, and moving down to the daily, we can see that price has made a major push to the downside already, and and is consolidating and forming a smaller symmetrical triangle too, as i believe it is getting ready to continue with its bearish momentum before it gets to the support...
We can open Sell near 108.30 - 108.40 Because: - Price bounced from mirror level - Low risk - EURO is growing. After 100 like I will do all updates and will write S/L and T/P points.
Hello everyone! We have a nice opportunity to short this pair... -perfect 61.80% rejection -Waiting for the break of the counter trend line -Strong Bearish trend line (white line) Perfect target: 107.250 Have a nice weekend!
We can open Sell near 108.30 – 108.40 Goals: 107.55 and 106.64 - Daily Trend is down - Good risk/reward ratio.
Order Sell - 108.897 SL - 109.285 TP 108.150 It go down, however, it retrace and hit my stop in h1 chart. Loss trade 2 streak.
If you look at the USDJPY pattern from last year (there was a rate hike on Dec 13, 2017), a top and then three increasingly lower tops before a strong pullback, it looks very much like this year, 49 weeks later. Supporting this is a mirror fractal (shown in yellow) from the last recovery. If the pattern continues, we could see 105-106 in March 2019. The pattern...
If the first TP holds as resistance can see some more downside for UJ in the upcoming future! -Caleb D. Trillionaire
Expecting a retest of resistance to see a further push down to break prior support and create a new low.
As part of USDJPY seasonality AUDJPY on the verge of being launched into orbit, you better get ready.
The French CAC40 index appears to be leading USDJPY by 9 weeks. There is no reason why it should (other than the big macro picture, USDJPY falls on in risk-off sentiment and so do equities). Let's see!
I will open Sell near 111.63 because: - Currency pair broke down key level 111.637 - H1 - H4 candle close under that key level - Near key level low risk - Potential move to 110.024
Possible Bullish Gartley completion for long position for UJ on Daily TF
UJ broke the trend line and now I am expecting a correction to continue the bearish movement until 112.000 Daily region. We caught the broke of the trendline, sorry I didn´t posted before. Be ready for more trades..
I will Open Sell near 113.20 - It is a key level - price bounced several times from it - Risk/Reward ratio the best near that level Goals: 112.71 and 112.308
Open buy near 113.40 - 113.50 Goal is 114.00 Daily trend is Up price broke up the downward line
Gonna wait price to break local HH, false break will signal us to go short. Entry - 113.676 TP 1 - 112.314 TP 2 - 111.385 SL - 114.272 Good Luck!)
Open Sell near key level 113.00 Price made of fake broke of key level 113.10 Goal 112.18