USDJPY LongUSDJPY long on the daily timeframe. Simple support to resistance trade. TP and SL are as shown.
Usdjpyidea
USDJPY - update the open position.who opened a position?
last prognosis:
update:
added intermediate targets.
growth will continue.
local uptrend
global up trend
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USD/JPY Look For Further DropThis plummeted yesterday and this morning which made for a great trade on yesterdays idea to short. This is now at support so I expect some hold up at this point with a slight retrace before potentially breaking through the next support.
I do not expect much resistance to breaking this support so a short can be taken on the retrace at around 105 would be good. This approach is also to make up for the small risk/reward of the trade if I took the normal approach of entering after breaking support and entering on the retest.
TP is at 0.618 Fibonacci - 104.264
USDJPY Running PositionUSDJPY short was entered with absolute precision. Currently running in profit and SL has been moved to break even. This is a swing so all risk must be removed as soon as possible. Risk free trade.
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USD/JPY Looking for Short on CorrectionThis has seen strong growth in the past 2 weeks and is now at a level were there has previously been resistance. It was also overbought on RSI recently. With this in mind I am looking for a possible short to at least 0.382 Fibonacci. Entry now would be quite risky as MACD is still bullish and EMA's are still long so a safer entry would be to wait for a drop and then enter on a retest of the area.
The termination of the Diagonal patternLet us first point out that the price is forming a Triangular pattern in the weekly chart. The price is currently in wave D of this pattern.
(Daily Chart)
In the daily chart, the first uptrend (wave A) has ended in the range of 111.68 and the price with the Diagonal pattern has completed the corrective phase of this uptrend in the range of 102.59. By crossing the price from the range of 105.67, the initial confirmation of the uptrend will be received, and now we need 5 waves pattern.
In the 240-minute chart and by monitoring the details, we see that 3 waves out of the first 5 waves are composed, and the price can extend the uptrend after a corrective movement that can be developed up to the range of 105.19 to 104.84.
The range of 104.39 is very important to us.
USDJPY short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
USDJPY, Break out Daily Resistance, longUSDJPY, Break out Daily Resistance and price action tell further more!
USD/JPY Upward Channel Trade.Hello traders, USD/JPY is trading at 104.90. The price is trading in upward resistance and support channel, it can go down from here as it has already touched its resistance level. As the price has touched resistance level it can rebound back from here to touch support level, If price breaks 104.73 level then it can hit first target at 104.43 and second target at 104.04.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Rishikesh Lilawat
USDJPY LONG SETUPLooking for continued Bullish momentum on this pair.
Monthly : Bullish. Engulfing
Daily : Structure break to the upside. 2 points on trend line says start of trend to the upside.
4hr : Fibs placed waiting for pullback into the 61 level.
1hr : keep patient waiting for a candle pattern to signal entry.
USDJPY, Following DOLLAR.?As salam alaikum
DXY making some positive recovery.
Same goes for UC,UJ as well.
We might dip XXXUSD pairs pretty hard.
T.A review:
UJ is trying to break 103 zone but Dollar
has made recovery. A strong Symmetric
Channel can be seen on Monthly, Weekly TF.
Seems like 103 zone is respected.
We're going up depending upon the coming
weeks fundamentals.
Bearish Shark PatternUSDJPY BEARISH SHARK PATTERN
Market Sell Order Set Up.
Sell Entry: (104.920)
Min Take-Profit: (104.230)
Max Take-Profit: (103.678)
Stop-Loss: (105.500)
Max Risk-Reward: (2.14)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
USD/JPY OverboughtDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. The markets have started calming now so expect some retraces.
This is very much over bought, RSI is at 77 so expect a pullback soon. I have marked the next high with the blue line which is the highest I expect this to go before a pullback but the pullback may come before reaching this. My TP is at 0.5 Fib which aligns with a previous resistance at 104.000. If you want a safer target you can use 0.382 Fib. SL can be just above the blue line marking the previous high. Wait for sing of a pullback using the MACD and EMA's and 1HR timeframe if needed.
USDJPY short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USD/JPY Descending TriangleAs previously reported this has been following a descending triangle for many months now. It is near the top trend line so a short is fairly safe from here with a stop loss just above the trend line, TP at the previous low. For a better entry I would monitor the 1HR timeline with MACD.
USDJPY in ChannelHi Traders,
In my opinion price can pull back from upside of channel. We can open short position as soon as JPY will start falling. Support (102.000) can be our main target.
USDJPY, Wants to challenge strong Support, ShortUSDJPY, bounced back and rejected due to strong trend line! watch out Friends!
USDJPY: Diagonal pattern in wave BIn the weekly chart, the price is forming a Triangle Pattern. Currently, the price is in wave D of that. The structure must have 3 confirmations.
In the daily chart, wave A is completed in the range of 111.68, also in wave B, we can see the Diagonal pattern, which is ended in the range of 102.59.
To be able to receive the confirmation of the uptrend, the price needs to cross the range of 105.67, if the price crosses the range of 101.18, this analysis will be nulled.
If we intend to enter the risky orders, after the price crosses the range of 104.39, we can set the long order.
