USDJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said in the last weeks .. UJ touched and forced the Fibonacci 0.5 area from where he had a strong rejection!
even if he retested the area once more ... I think he will start a retreat first towards 109,700 and maybe 108,460!
however, a close even for a day over Fibonacci 0.5 opens the opportunity to BUY to the Fibonacci area618
THIS WEEK... as I said UJ rejected from the Fibonacci 0.5 ... it went down in the area 108,600 from where it rejected again and goes again to the Fibonacci 0.5 area making a range between these values!
In the next period I expect this range to continue and I will play between the Fibonacci 0.5 and Fib 0.382 areas until the first closing on the chart for a week outside these values.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
USDJPY
USD/JPY looks ready on daily timeframe!USD/JPY is seen to respect channel on daily and weekly timeframe!
This could be a potential down move, things to consider:
1. Weekly and daily channel formation
2. Weekly downward movement started
3. Strong Downtrend
How to enter:
1. Switch to 4hr timeframe
2. Find the daily/weekly resistance zone
3. Wait for the downward momentum on 4h
4. Use channel, bolliger bands and Fibonacci for TP AND SL
ALL THE BEST!
💡Don't miss the great sell opportunity in USDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (109.53).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 49.
Take Profits:
TP1= @ 109.31
TP2= @ 109.06
TP3= @ 108.81
TP4= @ 108.63
TP5= @ 108.39
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDJPY buy limitHello Guys!
In this USDJPY chart Price is Making HH and HL...So we need to look for buy trades....Here i set 2 buy limit orders according to the Market Structure Using 1H and 15MIN Order Block....Let's See what happening Next....
Have A Safe Entry!
My RR is Better Looking....!
If runs with profits don't forget to place your SL to previous swing low... Or take Partials
Let's Have a Safe Trade!
BOOM!!!
💡Don't miss the great sell opportunity in USDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (110.31).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 24.
Take Profits:
TP1= @ 109.72
TP2= @ 109.27
TP3= @ 108.96
TP4= @ 108.55
TP5= @ 108.32
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said in the last weeks ..,as I said last week, the UJ is forcing the 0.5 Fibonacci zone, which it could retest in the next period.
now it is in a period of range and I will wait to see how it closes this month!
A monthly closure over Fibonacci 0.5 even for 1 day will make me think of BUY up to the Fibonacci 618 undfe area ... DOWN AGAIN!
a rejection from the Fibonacci 0.5 area and a close below this area will keep my idea of SELL for at least 150-200 pips
THIS WEEK...as I said ... UJ touched and forced the Fibonacci 0.5 area from where he had a strong rejection!
even if he retested the area once more ... I think he will start a retreat first towards 109,700 and char 108,460!
however, a close even for a day over Fibonacci 0.5 opens the opportunity to BUY to the Fibonacci area618
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
USDJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said in the last weeks ..,UJ forced the Fibonacci 0.5 zone from where it rejected and re-entered the range zone we were talking about in the past weeks!
I still bet on a descent to the 108,460 area and from there UP AGAIN
however ... a closure even for 1 day over the 111,000 area makes me think again of BUY up to the 12,800 area which is my final target for this period!
THIS WEEK...as I said last week, the UJ is forcing the 0.5 Fibonacci zone, which it could retest in the next period.
now it is in a period of range and I will wait to see how it closes this month!
A monthly closure over Fibonacci 0.5 even for 1 day will make me think of BUY up to the Fibonacci 618 undfe area ... DOWN AGAIN!
a rejection from the Fibonacci 0.5 area and a close below this area will keep my idea of SELL for at least 150-200 pips
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.