USDJPY - Looking to short from 152-152.5Here we have USDJPY H4. I am looking to short in the zone of 152.0-152.5 (given bearish price action). Price might go up to grab the liquidity then fall to the Demand level below.
USDJPY_SPT trade ideas
USD/JPY Technical Analysis
The price is currently testing the upper boundary of the ascending channel near 152.40, which acts as a critical resistance level. If this resistance holds, the pair may see a retracement towards the midline support around 151.10.
Key Points:
Resistance at 152.40:
This level represents the upper boundary of the channel, and a rejection here could initiate a downward movement.
Support at 151.10:
The midline of the channel serves as the first significant support level if the price starts to decline from the resistance zone.
Technical Indicators:
The price is extended and approaching overbought levels, suggesting the potential for a pullback.
Key moving averages and Ichimoku components indicate the possibility of short-term corrective moves.
Conclusion:
As long as 152.40 resistance remains intact, the price is likely to decline towards the 151.10 support level. Traders should watch for confirmation of rejection at the resistance before taking positions.
USDJPY bearish15 min supply and demand analysis
Key Levels:
Entry: 152.35
Target: 151.33
Stop Loss: 152.55
USDJPY Buy opportunityThe divergence is diluted and there is opportunity to ride the trend based on ABCD projections.
USD/JPY Sell Setup: Strategy OverviewTechnical Insight:
Current Market Position: The USD/JPY is hovering around a critical resistance level at 157.719, with historical data showing a struggle to break above 160.000.
Price Action: The chart indicates a recent failed breakout attempt, now acting as a potential reversal signal. This is highlighted by the downward arrows, suggesting a sell-off after hitting resistance.
Fundamental Backdrop:
US Economic Health: Stronger than expected economic data from the US, especially employment and inflation figures, could bolster the USD. However, any dovish signals from the Fed might weaken the dollar.
Japanese Economic Factors: Japan's economic policies, particularly any intervention by the Bank of Japan (BoJ) to weaken the yen, could play a role in the currency's valuation against the dollar.
Trading Strategy:
Sell Entry: Optimal entry would be on a confirmed rejection from the current resistance, ideally with a bearish candlestick pattern or a significant wick at the top.
Profit Targets:
Primary Target: Aim for a sell-off to 151.350, a level where the price found previous support.
Secondary Target: If momentum continues, look towards 151.000, which could serve as a deeper support level.
Risk Management:
Stop Loss: Set above the recent high at 151.870 to protect against unexpected bullish moves.
Position Sizing: Calculate your position size based on the distance to the stop loss, ensuring it aligns with your risk management rules.
Additional Considerations:
Market Sentiment: Monitor global market sentiment. A shift towards risk aversion often sees capital flows into the yen, potentially strengthening it against the dollar.
Geopolitical Events: Keep an eye on any geopolitical developments that might affect either the US or Japan's currency, such as trade negotiations or regional conflicts.
Conclusion:
The USD/JPY pair offers a strategic sell opportunity based on both technical resistance and potential fundamental shifts. Ensure your trading decisions are informed by both these aspects and manage risk appropriately. This setup, while not guaranteed, provides a structured approach based on current market conditions. Always remember to stay updated with real-time market news and adjust your strategy as needed.
USD/JPY - Bullish Momentum in Action!Following yesterday's shared analysis, USD/JPY has aligned perfectly with the expected bullish scenario:
- 15-Minute Chart Breakdown:
- The structure shifted, transitioning from bearish to bullish as the market began forming higher highs and higher lows .
- After the structure shift, the price entered a reaccumulation phase , consolidating before the next impulse move.
- Indicator Precision:
- The WiseOwl Indicator identified a high-probability entry signal at the right moment, during the reaccumulation phase, allowing us to capitalize on the bullish trend.
- The trade has shown minimal drawdown and is now trending in profits.
- Outlook:
As long as the market respects the bullish structure, we anticipate continued momentum to the upside.
Key Takeaway:
This trade showcases the importance of combining **structure analysis** with precision tools like the WiseOwl Indicator to maximize opportunities in trending markets.
USDJPY BUY UPDATE!!!!!Good day, gang
1:1 has been achieved
Now let's aim for 1:2
Secure half of the profits and leave the rest to run to take profit
USDJPY - Bearish indicationTrend is bullish but formation of rising wedge shows weakness. Price will turn bearish if price break below the level of 150.916
USDJPY has reached key resistance Intraday Update: The USDJPY has bounced back to the 38% retracement of the Nov 14th high to Dec 3rd low. The 152.00 level has been a massive pivot since Oct 2022, so the 151.80 level (38%) may offer strong resistance (or just above) today.
USDJPY Buy ForecastUSDJPY New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future.
Thanks for your continued support!! lemme know your thoughts in the comment sec...
USDJPY - 4hrs ( Buy Trade Target Range 350 PIP ) Pair Name :USD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
Key Technical / Direction ( Long )
———————————
Bullish Break
150.850 Area
Reasons
- Major Turn level
- Visible range Hvn
- Reversal Fibo Golden
- CHoch Zone
- Liquidity Grap Area
Bearish Reversal
155.000 Area
reasons
- Pattern Retest
- Visible Range hvn
- Week / Day high Break
- Choch Zone
-
DeGRAM | USDJPY is preparing for a pullbackUSDJPY is in a descending channel between the trend lines.
The chart has broken the descending structure.
The price is moving from the dynamic support and now approached the dynamic resistance.
We expect a pullback after a retest of the upper trend line.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USD/JPYSS - 30 mins Sell
Key Observations:
1. Chart Patterns:
Head and Shoulders Formation: On the left side of the chart, the head and shoulders pattern signifies a bearish reversal, providing a precursor to the downtrend.
Falling Wedge: Following the bearish move, the falling wedge pattern acted as a potential pullback and consolidation phase before continuing the trend.
Rectangle Formation: The consolidation within the rectangle pattern highlights the indecision phase before price continuation.
2. Resistance Zone:
Critical Resistance Zone: The trade setup shows the price approaching a well-defined resistance zone around 151.800. This area is marked with multiple rejections, signaling strong selling pressure.
Price Rejection Candlesticks: Recent candlestick patterns, such as long wicks, further indicate seller dominance near this level.
3. Moving Averages and Trendlines:
Dynamic Resistance: The chart includes moving averages that align with the resistance zone, creating an additional barrier for price continuation.
Downtrend Continuation: Price movement follows a descending trendline, reinforcing bearish sentiment.
4. Confluence Levels:
Fibonacci Retracement Levels: If Fibonacci levels were applied, the price is likely rejecting a key retracement zone (e.g., 0.618), adding confluence to the sell bias.
ADR (Average Daily Range): The ADR levels suggest price is nearing its expected daily range, reducing the likelihood of further upside.
Technical Factors Supporting the Sell Position:
Resistance Rejection:
Price action indicates multiple failed attempts to break above the resistance level, validating the bearish setup.
Bearish Momentum:
Indicators such as RSI might be showing overbought conditions or bearish divergence, signaling a potential trend reversal.
Range Expansion and Compression:
The price is nearing the top of a range, with high probability for reversion to the mean or a move toward the lower bound.
Risks and Considerations:
Breakout Potential:
If the price closes decisively above 151.800, it could invalidate the bearish setup and trigger a bullish continuation.
USD/JPYHello traders, I am building a sell position for usd/jpy, the market is selling even in large timeframes.
DeGRAM | USDJPY rebound from the retracement levelUSDJPY is above the descending channel between the trend lines.
The chart has formed a harmonic pattern.
The price has already reached the dynamic support level, which previously acted as a rebound point, and is now above the 62% retracement level.
We expect the price to rebound.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
USDJPY | 4 HOUR TIMEFRAME | TECHNICAL CHARTHello guys, I made FX:USDJPY analysis for you. Please support me by pressing the like button on my analysis.
Stay with love guys.
USDJPY BUY!!!!UJ sentimental is bullish today, and early morning it just grabbed liquidity of the Asian session low. Now, let take a long position
We first aim for 1:1 the 1:2 after securing some profits
USDJPY SELL ANALYSIS RISING WEDGE PATTERNHere on Usdjpy price form a rising wedge pattern and now try to break line 149.729 so it is likely to go down and a trader should go for Short with expect profit target of 148.581 and 147.318 . Use money management
Fundamental Market Analysis for December 10, 2024 USDJPYDoubts about the Bank of Japan's ability to keep raising rates proved to be a key factor undermining the yen.
The Japanese yen (JPY) lost ground against its U.S. counterpart for the second straight day on Tuesday and lifted the USD/JPY pair to a one-week high, above the mid 151.000s during Tuesday's Asian session. Uncertainty over how soon the Bank of Japan (BoJ) may raise interest rates again has JPY bulls on the defensive. In addition, the overnight rebound in US Treasury yields from October lows undermines the low-yielding Yen. Furthermore, the US Dollar's post-NFP rebound from near one-month lows, backed by expectations of a less accommodative stance from the Federal Reserve (Fed), acts as a tailwind for the currency pair.
That said, the softer tone of risk sentiment, concerns that US President-elect Donald Trump's tariff plans could trigger a second wave of global trade wars, and geopolitical tensions help limit deeper losses for the safe-haven yen. Traders may also refrain from aggressive bullish bets on the USD/JPY pair and prefer to wait for the release of the latest US consumer inflation data due on Wednesday. The all-important Consumer Price Index (CPI) report will be seen as a fresh signal that the Fed is going to cut rates. This, in turn, will stimulate demand for the dollar and provide meaningful momentum to the currency pair ahead of the central bank's key events next week.
Trading recommendation: Trade mainly with Buy orders from the current price level.
#001 New DCA USDJPY Short RangeShorting USDJPY.
I am restarting my count.
I think I have to trade less and be specific if I am trading ranging or trending market.
Also be willing to accept the fact that price might not be working in my intended idea and to close the trade out for a loss instead of dca-ing even more.
But also, to not multiply my positions as much as I can and to keep my multipliers reasonable.
DCA less and at more prominent areas of value, focus on Hourly Time Frame and above because it provides a higher pip TP than 15 minutes time frame where I take on average 40cents as compared to now I am taking 1$ or so per position while risking 0.01cents SGD.
1345SGT 10122024
21 DAYS TO 2025.
Also, stochastic 20,1,1 and swings is a very good tool to tell if price is trending or ranging.
