💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (108.65).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 109.15
TP2= @ 109.50
TP3= @ 109.95
TP4= @ 110.40
TP5= @ 110.95
SL= Break below S2
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USDJPY
A long term buy in USDJPYThe market has provided a nice impulse move towards the upside and came down for a minimum retracement at a 38.2% of fib retracement on a weekly time frame. Going down to the lower time frame the market has shifted from a 4 hr bearish market to a bullish market. So we took this trade with a good 1:2.5 risk to reward
Long on USDJPY based on previous trade ideaRefer my first trade idea for the full picture.
1.Price has broken swing highs
2. Points of Interest (POI)/Demand zones that sponsored the breaks have been marked.
3.based on how price approaches and reacts to the POI, longs can be taken.
Trade Plan:
On lower time frames where structure is clearly discernable, we wait for a break of market structure to the upside and enter on the rectracement.
USDJPYUSDJPY looks bullish
all the key levels are mentioned in chart with stoploss and targets
i am not trading this script, this just for educational study purpose only
Overall Monthly Waves Trend
DISCLAIMER
i am not a sebi registered analyst
my studies are for educational purpose only
consult your financial advisor before trading or investing
💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (107.800).
. 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 108.531
TP2= @ 109.201
TP3= @ 109.757
TP4= @ 110.385
TP5= @ 110.859
SL= Break below S2
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💡Don't miss the great sell opportunity in USDJPY". There is still a possibility of temporary retracement to suggested resistance line (107.807).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 107.298
TP2= @ 106.943
TP3= @ 106.687
TP4= @ 106.238
TP5= @ 105.837
SL: Break Above R2
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💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (105.60).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 106.19
TP2= @ 106.38
TP3= @ 106.58
TP4= @ 106.95
TP5= @ 107.47
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️